A business claiming to be the UK’s only free online estate agency and which says that UK vendors could have saved themselves over £1.87bn in agency fees in the first half of this year is being re-vetted by Rightmove.
OwnerSellers charges 0% and effectively offers free space on Rightmove and Zoopla – whose logos feature prominently on its site.
CEO Rupert Cattell said that he had done the sums based on the July Land Registry average UK sale figure of £2,818 with 557,400 transactions and an average agency fee of 1.3%.
While OwnerSellers is free, floorplans and photos can be bought for £144 and an EPC for £120. For Sale boards are £60.
Cattell said: “Selling a home isn’t cheap and vendors could save themselves thousands of pounds if they market their property online for free.
“Sellers do not need to rely on high street agents for valuation advice as they are fully aware of market conditions and can do their own research online.
“Selling online through OwnerSellers.com means vendors are in full control of the sale – while we advertise their property on key portals such as Primelocation, Zoopla, Rightmove, all for free.”
OwnersSellers describes its service as enabling people to “sell their properties . . . themselves”.
Last month, EYE asked Rightmove and Zoopla about the business’s listings on their respective sites.
Yesterday OwnerSellers had 42 properties for sale on Zoopla and 45 on Rightmove, including those under offer.
A spokesperson for Rightmove said: “They are currently going through our re-vetting process and if they are found to no longer adhere to our terms and conditions they will be removed as a customer.”