When it comes to the housing market and the Internet the UK presents a strange situation. All research indicates that 80% of buyers go to the Internet to find their next home. The figures for those selling online are dramatically lower with only 2-5% max selling online. So why the big difference? It could be said that maybe the Brits are very conservative and don't trust online estate agents. Others may suggest that the UK estate agency industry is so strong that new models cannot break into the maket.
I feel that the UK is virgin territory for new online real estate services that will help you sell your home and at the same time provide a service from a realtor.
Online agencies are not for sale by owner operations but more like a centrally based companies that can provide most of the services a traditional estate agent can supply but at a fraction of the cost. Lower overheads and a lack of fancy offices means many operate on a fixed cost basis
Is this model the future of real estate?
See examples of online estate agency in action here : Online Estate Agencies
