A young businessman in the North West of England has launched a new service that brings together estate agents and vendors on one virtual valuations platform.
Called VenGent, it is initially being rolled out in Liverpool and Manchester but, founder Bobby Gee tells The Negotiator, they’ve already had agents from other parts of the country get in contact.
The service helps agents win instructions without having to visit homes in person during the Covid crisis, and also enables vendors to choose from a wider range of agents in their area.
VenGent is free to vendors and enables them to upload pictures and details of their property to the site, which subscribing agents are then able to ‘bid’ on by providing details of their valuation of the property and their proposed fee.
All the offers are then compiled into one short document for the vendor to read including information on each agent’s average selling time (in weeks), the percentage of properties sold or let at the asking price, and also the portals they use.
“Also, vendors don’t have to worry about having multiple estate agents round to view your property during Covid,” says Gee.
“And it saves agents a lot of time and expense of having to attend valuations.
“The feedback from customers and estate agents has been overwhelmingly positive.”
Gee says agents, unlike other comparison sites who often take a slice of the sales fee, VenGent charges estate agencies a monthly subscription of £40 to use the service.
The service is very new – the company behind it was only registered five weeks ago but already has its first properties listed.