Almost half – 42% – of sellers would use an online agent for their next move, it has been claimed.
New research, from comparison website GoCompare, suggests that 7.3m sellers “would happily do more work to sell their home in exchange for lower estate agents’ fees”.
The press release adds that “35% would now use an online agent such as Purple Bricks, Tepilo, or Emoov”.
However, Tepilo no longer exists and has not done so since the Emoov group of which it was part went into administration last December. Purplebricks spells its name as one word, not two.
The press release goes on: “Online agents charge much lower fees to market properties than traditional estate agents but, home owners are required to conduct viewings and handle negotiations.
“The survey also found that a handful of sellers would cut costs by taking a complete DIY approach to selling their property; 8% would sell privately through advertisements on social media or in newspapers, 1% would even consider raffling their home.
“Traditional estate agents remain the preferred choice of most (57%) home owners, particularly those in older age groups.
“Home owners aged 55 and older were the most likely to make a future sale through a traditional estate agent.
“Older home owners are more likely to be involved in a complex chain of house sales, which might require more time and expertise to keep the sale together.”
GoCompare did its research among 2,004 adults in May.