estateagent4me
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Latest property news
Prime price discounts widening, says Home Owners Alliance
The extent of the pain being endured at the top of the sales market has been revealed by research from the Home Owners Alliance (HOA). Properties are being sold for up to 14.5% less than their asking price in the prime market within England and Wales, the research suggests. Using its estateagent4me estate agent comparison tool, which tracks agents’ achieved prices versus asking prices, HOA says homes in the prime £2 million-plus price bracket are being sold for £296,000 or 14.5% less than their asking price. “There are significant reductions at the top end of the market,” says HOA Chief Executive Paula Higgins (pictured, left). Also, homes for sale in the £1.75 million to £2 million bracket are being sold at an average discount of £225,000, she says, while homes for sale between £1.5 million and £1.75 million are being sold at a £142,219 discount on average. Properties with an asking price of £1.25 million and £1.5 million are agreeing final offers for £92, 970 less, the research shows. HOA’s estateagent4me tool, which is available on its website, was built by Oxfordshire-based tech firm United Legal Services (ULS) which also has a stake in HOA. Home Owners Alliance Although used…
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Latest property news
Agency comparison site launches
A new agency comparison website that enables sellers in England and Wales to compare the performance of all types of estate agents has been launched. estateagent4me.co.uk, which is owned by UHS, a subsidiary of ULS Technology plc, claims to be the first of its kind to help sellers make an informed choice about which estate agent to sell their property through. Currently available in England and Wales the site will be launching in the rest of the UK shortly. “At present sellers base estate agent performance on instinct, word of mouth and how many boards they see in their local area – this just isn’t enough in today’s marketplace,” said Ben Thompson (right), Managing Director, estateagent4me. Sellers can use estateagent4me to compare estate agents, using a number of different performance criteria, including what the website terms ‘success rate’ based on things like the percentage of properties that the agent has sold, compared to the total houses listed with that agent. Other performance criteria that people will be able to compare are the average time taken to sell a property, how often agents are able to achieve a sale at, or more than, the asking price. Also, the number of properties…
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