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Are estate agency practices moving to being online based rather than office based?

Is this the end for the high street estate agent and print advertisments? Or are online portals just another hook to get people into the estate agents?

Asked on Feb 25 2010, General in Bristol | Report content

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  • High street Agents are going to be with us for the foreseeable future, until a really successful business model with a proven and established virtual agent begins to take real market share in our towns. I belive the days of virtual agents will happen, along with the complete demise of The High Street in all retail sectors.

    Answered on Feb 25 2010, Report content
  • Several companies over the years have tried and failed to move the house buying/letting process on-line. The problem they have met is that a good agent needs to have very specific local knowledge of an area to get any valuation right and this is difficult/impossible for an on-line agent. It may eventually be the way forward but for the forseable future a knowledgable local agent with a quality website who puts their properties on the major portals is probably the best of all worlds. A word of caution - ensure any agent you use is properly qualified and members of the relevant professional bodies (TPO as a min plus NAEA/ARLA depending of whether they do sales and or lettings) most on-line agents and a lot of less reputable high street agents are not and should be avoided.

    Answered on Mar 3 2010, Report content
  • I think you will see a split in the market over the coming years. Low fee host websites for some whilst others will still choose the respected and professional high street presence. I do however think many companies will disappear and the focus on those remaining will shift.

    Answered on Jun 30 2010, Report content
  • Whilst I hope High Street agents will still be required (otherwise I'm out of a job) we are heading into a computer can do everything online, date, even online property auctions. So what is to stop us from being taken over from the web?? For now, the answer is simple. We offer local knowledge and a face and enthusiasm to our property stock. Buying and selling property for most people is a very big deal, and rightly so, and they will continue to turn to our professional advice and experience to guide them and help them on their way to their new property. With the market the way it currently is, a good estate agent is worth their weight in gold, and if given the right advice, could save you thousands of pounds. I believe we bring too much local knowledge to our given areas to be taken into the virtual world in the near future.

    Answered on Oct 2 2010, Report content

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