The Negotiator has been shown a new proptech platform that claims to revolutionise how prospective buyers make offers on a property for sale.
Called Offr, it’s a tech platform that enables estate agents to move the offer management process online and help them and vendors control and understand more about each offer and who’s making it and how prepared each buyer is to move to SSTC.
It’s a white-labelled widget that sits on an agent’s website and enables approved buyers to make an offer at the click of a button. This, it is claimed, will drive more traffic and buyer engagement to agents’ site.
Created by an Irish tech firm which has recently moved its operations to London, it is backed by an investment of €1 million from two Irish banks and has been in Beta mode for the past 18 months.
Its launch is being spearheaded by Phil Farrell (pictured, above), who as well as being an estate agent with 27 years’ experience, is well known in Ireland for his property column in the Irish Independent.
“We estimate that there are eight to ten million offers made in the UK every year on residential property but no one is capturing this information and managing it,” he says.
“To speed up the house buying and selling process it’s essential to bring information about potential buyers into the offer process earlier and, among many things, weed out the tyre kickers.”
The platform came out of auction house Allsop’s move into Ireland during the late noughties and the online tech developed by the company to handle online bids for properties. Its former director in Ireland and until recently the force behind BidX1 online auction site, Robert Hoban, is a co-founder with Farrell along with tech guru Niall Dawson.
Offr is due to officially launch in May or June this year in the UK and is already being tried out by several high-profile agents. It plans to charge £300 a month to agents who want to list unlimited number of properties, and an undisclosed per-property charge for those who don’t.
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