The agent – which scrapped all fees for vendors earlier this year to focus on offering a free service in Yorkshire and parts of northern England – is now offering its services to home owners in Nottingham postcodes.
Those living in postcodes NG1 to NG8 can now book a free home valuation ahead of the official launch on December 27.
Since trialing its free service in January, Housesimple said it has helped more than 5,000 people sell their homes, saving an estimated £7 million in total fees.
Rather than charging commission or upfront fees for selling homes, Housesimple earns referral fees from no-obligation selected services provided to sellers and buyers such as mortgage, conveyancing and insurance advice.
EYE asked how much has been earned from these services but chief executive Sam Mitchell declined to comment on financials. He said:
“Since announcing our free service earlier this year, we have increased listings fivefold and as a result we’ve also seen a significant uplift in the use of the additional services we provide to customers.
“This sits in line with our targets for the model and we’d expect to see this trend continue as we now expand into the midlands.
“To give an example, our own mortgage business has grown from scratch to 20 people since the start of the year in response to the increased demand.”
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