50% Money Back Guarantee Online Estate Agent Launches

Think Property has launched a nationwide online estate agency, offering a completion fee free house sale service for less than £400 from April 1st.

Related topics:  Legal
Millie Dyson
21st March 2011
Legal
Think property are even offering to convert all of their existing properties for sale on the same basis.

With the firm belief that high street agents will no longer exist in three years, Think Online Property, shortlisted for next months' Estate Agent of The year Award, are offering to protect their client's next property purchase.

Should that purchase fall through, through no fault of their own, they will reimburse up to £500 in mortgage arrangement fees, up to £750 in valuation fees and up to £600 in lawyers disbursement costs.

In addition if the client decides not to continue selling their current home the Think team will even reimburse 50% of the upfront fee of £395.

Breaking the mould of online agents who up until now have not significantly shifted the property market, Think Online Property promises to shake up both traditional and online estate agents with their new offer and 'one-stop shop' system.

With no completion fee, but including continually updated case process reports and text and email message updates, the Think Online team are looking to turn the tables on traditional estate agent methods - with benefits promising to save sellers thousands of pounds in fees and charges.

With the average home move costing £9486 the £395 fee versus the average £3,500 paid by sellers to estate agents in the UK - promises to save thousands - and with 700,000 properties currently for sale in the UK over £2.173 billion could be saved by savvy sellers.

Unlike other online agents who offer a minimal service, the only difference between the traditional estate agent route and this new online service is no presence for the sellers house in the estate agent window, a method rarely relied upon.

The £395 fee includes the valuable listing on all the main property portals like Rightmove.co.uk within 48 hours, which between them is the first port of call for over 90% of people when searching for a new home.

The fee also includes a full set of professional wide angle photos, full floor plans, valuation, negotiation between buyer and seller, full sales progression and a free wealth check and mortgage advice from the in-house IFA team. For clients requiring surveys, a nationwide team of surveyors are also on-hand.

Peter Joseph, Founder of Think Online Property commented:

"As a high street agent we have experience of clients, their needs and wishes and feel that some estate agents have quite rightly earned a reputation for being unscrupulous and not always worthy of their fee.

£Similar to low cost airlines who changed the market with the introduction of online bookings, we believe that online estate agents are the way forward for a number of reasons. I would even go as far to say that the quiet revolution of online agents could kick start the housing market if these lesser fees allow sellers to reduce the prices of their house in order for a speedier sale."

Peter has also offered all of the properties currently on their books for sale in Leigh on Sea, Essex - the same fee - as a pledge to improve the reputation of estate agents and hopes other agents will follow suit.

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