Online agency is first in UK to sell homes for free

Construction projects over the past few decades have become increasingly complex. As a result disputes2 have grown in direct relation to the size and complexity of projects. One recent study reported that the value of the average dispute in the United States is approximately $34.3 million.3 A slightly older survey of claims and disputes determined that in the 2009 Online agency adopts new business model to become the first UK estate agent to sell homes for free. It will be rolled out across the country in the coming months having already been trialled in selected areas. Housesimple, the UK’s fifth largest single brand estate agency, has already trialled the model in Yorkshire and the North West of England and it will be rolled out across the nation. It says that based on the average property price in the UK of £226,798, sellers could save over £3,000 in commission. Chief executive Sam Mitchell believes it will become the most popular way to sell homes. Sellers will continue to receive local expert valuations, photos and floorplan, ads on Rightmove, Zoopla and others, a ‘for sale’ board, negotiations and sales progression, and the support of a dedicated team from valuation through to completion. Rather than charging commission or fees for selling homes, Housesimple will earn referral fees from no-obligation selected services provided to sellers and buyers such as mortgage, conveyancing and insurance advice. 2011 timeframe there were 65 international contract arbitrations in which at least US$1 billion was in controversy.4 The amounts in controversy ranged from US$1 billion to US$20 billion.5 The total value of these 65 disputes was US$174.8 billion with the median value being US$2.73 billion