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Record saving are being made in estate agent commission by buying and selling property online. First4sale reported that one family sold two properties through them for only £199.98! If they would have sold it through a conventional estate agent they would had been charged the standard commission that is an average of 1.5% that in this circumstance would have cost them £21,458.44. They reported that the first request for viewing came within one hour of having registered their property.
What with the ability to share listing with multiple different online directories, to alert hundreds of prospective buyers through email as soon as the property comes on the market and a fraction of the costs it looks like this may be the future of property market. |
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Wednesday, March 7th, 2007 at 8:27 am
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