A year after it converted from being a private sales site to an online agent and as competition hots up, Tepilo is offering £100 to anyone who can recommend a friend.
TV presenter Sarah Beeny wrote yesterday, saying:
“Hi, a while ago you registered with Tepilo – the modern way to sell your home. As a quick reminder, we’re the online estate agent where you can sell your property for as little as £495 +VAT.
“We want to spread the word, and need your help! If you recommend a friend who’s selling their home, then when they take up our Option 2 package, as well as saving £thousands on traditional estate agent fees they’ll also get a free premium listing on Rightmove and a free For Sale board saving them over £100!
“We’ll also give you £100 to say thank you. Everyone wins!”
The option two package costs £495 upfront.
According to Rightmove yesterday, Tepilo has 249 properties for sale, at up to £2m, and eight rental properties.
Beeny’s Tepilo originally provided a free listings service for private sellers. It converted last September to become an online agent, saying that it had been a disadvantage for sellers not to be able to list on Rightmove.
Actually whoever wrote this article made the usual mistake of not unclicking the SOLD STC tickbox. Actually they only have 185 properties for sale. A big worry for them – no doubt.
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Hmmm…. dunno about a big worry for them, WillB – you have just alerted the public to the fact that TeipidLow have a current success rate of 25.7% – which, while I can't comment about where you are, that is higher than a good percentage of Estate Agents in my patch… Not to mention the fact that if they've managed to squeeze half a grand out of each of those 249 properties they have a register showing that has already earned them var-nigh £125k… and there's been a years' worth of successes and failures no longer listed to add to that. I hate to say it – but she's actually been a bit successful.
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1 in 4? Eeek, 75% of your customers not happy. Looks like a big worry to me.
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Well… I've just had a wee look-see at "Surrey" on good old RM, 'surrey1', as it always seems you chaps and chapesses say you sell 'em the day before they are listed. First big company I come across have 25% sstc; next one 22% – that being said I then did a random trawl of a further 8 Agents and found one with a hugely impressive 83% sstc ratio. In all, the average was 51.86% – 251 sstcs out of 484 units in total. Please, however, believe that your end of the country isn't typical of what happens north of… well… north of pretty much anywhere, really!
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Not quite managed to sell them all before I list them sadly. We do convert about 80/85% of them though. Very low volume market though, 20 instructions would be a large register.
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So, does it come to this: If I give Sarah £600 I will have a one in four chance of selling my property – with her not caring whether I do or don't?
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