The ValPal Network, a PropTech supplier working with over 4,000 agency branches across the UK, has calculated the key hour for vendor and landlord leads for agents - and it’s outside traditional office opening times.
The platform has found that 07:00 to 07:59 is consistently the most popular hour for valuation requests – with over 20,000 coming in during this hour in January 2022.
The next most popular hours are 18:00 to 19:59, also just outside traditional agent office opening times.
TVPN has also revealed that each month it receives some 3,500 to 4,000 valuation requests between midnight and 06:59, when most agents are of course likely to be fast asleep.
In total, some 50 per cent of leads are being generated outside of traditional 9am to 6pm agency office hours - prompting TVPN to urge agents to have tools in place to handle such enquiries.
“Agents could be missing out on thousands of pounds in fees if they don’t have the systems and tech in place to capture and respond to these leads” says Craig Vile, director of The ValPal Network.
Vile says TVPN figures show large numbers of instant valuation requests in January and February this year - over 90,000 in each month - with the platform expecting demand to continue into the spring.
Vile adds: “Last spring, we had an average of 77,000 leads generated per month – the highest average for a three-month period over the whole year – and we’re expecting even better results this year. We know how buoyant the market is in a normal spring, and there is still no sign of the market slowing down despite Covid cases increasing again, the ongoing situation in Ukraine, the cost-of-living crisis and other major challenges.”
He continues: “Equally, we can’t afford to get complacent – and agents can’t afford to take leads for granted. The cost-of-living crisis is expected to really bite from next month onwards, so it will be important that agents put themselves in the best possible position to thrive even as the market perhaps dips ever so slightly. Pouncing on leads out of office hours, which is when they’re most common, is a hugely key part of that.”
* The ValPal Network is owned by Angels Media, publisher of Estate Agent Today and other Today industry news website. *
The ValPal Network, which consists of over 800 agency brands with...
Valuation tools provider The ValPal Network (TVPN) has developed a new...
The ValPal Network's (TVPN) services have generated 1.4m leads for agents...
Technology continues to enhance the way estate agents work, from improving...
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...
.jpg){kind=logo}
B-hive Block Management Partners Celebrates Major Milestone With Over 100 Businesses...
.jpg)
Tell us a little bit about National Home Move. We are a...
If you’re thinking about becoming an Estate Agency franchise or converting...
Estate agents and lettings agents have a legal obligation to protect...
You don’t have to simply accept things as they are when...
From the uptick in house sales in January to a house price...
Happy birthday to us….and all members of the The ValPal Network! We...
With a combined value surpassing £7.4 trillion, the UK’s 29 million...
%20-%20IMAGE%20Client%20Accounting%20%E2%80%93%20what%20are%20your%20options.jpg)
The benefits for letting agents to outsource their client accounting is...
When almost all agents and developers use the tried and tested formula...
I think we can all agree that the National Trading Standards...
.png)
As domestic battery storage systems become increasingly prevalent in UK homes,...
.png)
A team from The ValPal Network joined industry Facebook ads expert...
.png)
In this interview, Riccardo Dawson, Chief Operating Officer at Alto and...
%20(002).png)
In today's fast-paced and ever-evolving property industry, it’s essential that forward-thinking...
A client account is essential to your lettings business, but the...
As electric vehicles increasingly populate our roads and the necessity for...
As estate agents, it is important to make sure that your...
Estate agency has changed. No longer is it required to sit in...
Changes to consumer behaviour usually arrive in waves. Most of the...
At iamproperty we are excited to share the announcement of our...
It’s no secret – 2023 is a difficult year for the...
In an exclusive interview with Estate Agent Today, Simon Coaker, Sales &...
2023 has been coined as ‘the year of AI adoption’, and...
%20(002).jpg)
There are a few common questions that arise when the issue...
As a signage company we know we have a serious responsibility...
The Government’s mini budget on September 23 was anything but ‘mini’...
Agent websites have become more crucial than ever in attracting new...
.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...
Join the conversation
Jump to latest comment and add your reply
And?
What percentage of all these valuations actually go on the market? And what percentage actually sell within say 2 years?
very few most enquires are from people who are bored or p++++d
Please login to comment