The latest insight by eXp UK has revealed self-employed estate agents are going against the wider grain of a sluggish property market, with eXp UK agents helping sellers to move faster over the last 12 months when compared to the other 24 top estate agency brands.
eXp UK’s claims come off the back of data substantiated by independent property market experts, TwentyEA, whose figures show that eXp UK’s self employed agents are helping facilitate faster sales across the board.
TwentyEA defines the top estate agency brands as those with the largest volume of instructions for sale over the last 12 months.
Over the last 12 months eXp UK agents have outperformed the top 25 UK estate agency brands when it comes to the speed of securing a buyer based on the point a property is newly listed to it being sold subject to contract.
FASTER THAN AVERAGE
eXp UK achieved an average time of 47 days in this respect, 42 days faster than the average time of 89 days taken across the top 25 biggest names in estate agency.
But it’s not just the initial task of finding a buyer where eXp UK agents are performing strongly, over the last 12 months the firm has also taken an average time of 123 days to progress transactions from agreed to exchanged. Not only is this considerably faster than the average of 156 days seen across the top 125 estate agency brands, but it’s the second fastest of all 25 companies.
When it comes to the total property selling timeline, it has taken the average eXp UK agent 170 days to complete a transaction from start to finish, the fastest of all top 25 estate agencies, with the average time across the top 24 coming in at 213 days.
DEDICATED INDIVIDUALS
Adam Day, Head of eXp UK, says: “Our agents really are some of the best, most dedicated individuals within the UK property sector and this dedication really speaks for itself when you consider that they are outperforming the biggest employed brands in the industry when it comes to the time it’s taking them to sell – and that’s against a wider backdrop of market uncertainty and sluggish market conditions.
“This speed of sale doesn’t come at the cost of the seller in the form of lower asking prices either, but rather as a result of the drive they have to build their own successful brands within the space.
“Our agents receive the lion’s share of the commission they generate on each sale and this is the driving factor that sees them perform so strongly and consistently both with respect to the price they achieve and the speed at which they operate.
“They all deserve a well earned party at the eXp UK Christmas do, that’s for sure.”
