One of the UK’s best-known auction firms John Pye has launched a hybrid estate agency service amid considerable fanfare, including a sponsorship deal with Nottinghamshire’s cricket team.
The business is believed to the first of its kind in the UK offering vendors the opportunity to sell their home via an estate-agency style service.
John Pye Property is to offer vendors a fully-managed service from instruction to final sale which it claims will be an “effective and inexpensive alternative to traditional high-street estate agent services”.
The business, which is part of the Nottingham-based but national John Pye Auctions group, has been two years in development and at launch is to offer home sellers a 0% and zero-fee home selling service.
The agency is to feature on the kit of the Nottinghamshire Outlaws’ new T20 kit and is part of an ongoing sponsorship deal with the cricket club, that has now been extended for another five years.
“Working with Notts over the past few years has been the ideal fit for us,” said Adam Pye managing director of John Pye Auctions (left).
Last year the hybrid agency held 1,000 online auctions selling both residential and commercial property on behalf of bank, lender, government, vendor and estate agency clients.
John Pye has been expanding fast over the past eight years and has grown from a single auction and 50 staff to 23 auction sites and 450 staff, although the company has been trading since 1969.