Estate Agents are now buying houses to speed up transactions

There’s going to be a huge shake-up of the property market and Emoov is pioneering that change. Online estate agency, Emoov and it’s customers are sick of chains breaking in property sales and have decided to do something about it.

Buying and selling residential properties in the UK is notoriously an inefficient process, whilst taking 15-25 weeks to complete on average, 1/3 of all housing transactions fail every year.

In a new survey conducted by Emoov, it was revealed that 80% of recent homebuyers were concerned that their transaction would fall through.

1/3 of all housing transactions fail every year

69% of those that fall through are caused by buyer related chains breaking

25% of sellers waste £1k and above (£5k+ for one in 10 sellers) due to failed transactions.

Costs the UK consumers £270 million a year on obsolete surveys on houses they are unable to buy

80% of recent homebuyers were concerned that their transaction would fall through

What can help keep transactions in chains moving?

Well in order to tackle this issue and to keep transactions moving, Emoov is now offering the UK’s first instant residential property buyouts.

Schemes such as these have been helping property buyers and sellers in other countries for a few years now, but Emoov is bringing this to the UK property market.

Currently, the only alternatives available are quick cash-now buyers, charging on average 20% of the property value for a fast sale or bridging loan providers, costing buyers stuck in chains up to 25% per annum.