Strike chief executive Sam Mitchell has hailed the online agent’s no-fee model after reaching £5 billion worth of sales.
The agency, previously known as HouseSimple, raised eyebrows among the property industry in 2018 when it shifted to a no-fee model.
Its main form of revenue is by selling extras such as marketing boosts, hosted viewings and earning referrals for mortgage advice and arranging removals.
The model was initially trialled in Yorkshire and the north west of England but has gradually spread into southern England.
Three years on, Mitchell told Estate Agent Today that the landmark figure shows the model works.
He said: “We are delighted to reach this pivotal milestone — it not only is proof of how far we've come and what the whole company has accomplished, but it shows that what we are doing is working.
“Our innovative model continues to challenge the status quo and win market share as we continue to grow and expand further south.”
A hybrid agency that charges no fees to vendors but instead...
The boss of new Purplebricks owner Strike has said he has...
Purplebricks has received a media-for-equity investment from ITV. The deal is worth...
Purplebricks has claimed it is returning to its 'disruptive roots' after...
The predictions game can be tricky. Sometimes you just don’t know...
Leading UK property auctioneer Bond Wolfe has broken through the £100...
Uncertainty triggered by the new Labour Government and taxation concerns that...
In today's rapidly evolving property market, the focus on reducing transaction...
.png)
An exciting new collaboration between TVPN, EstateApps and Paul Long is...
By Mike Bilboe, Face For Business Buying or selling a home can...
LSL Estate Agency Franchising is home to one of the UK’s...
.png)
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
.jpg){kind=avatar}
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment