Former Foxtons agent creates portal exclusively for first-time buyers

September 15, 2019
Share this Post: 

An ex-Foxtons real estate agent has embarked on her own endeavor, setting up a property finding service for first time buyers only

Property finders frequently describe themselves as being for all sectors of the market, including first time buyers, but their client profiles suggest they are more usually instructed by wealthy older purchasers, or affluent buyers who are unable to visit the area where they wish to obtain a property.

The new company is called FoundIt London and operates only in Greater London and north east Surrey within the M25; it says the typical FTB in these areas pay £500,000 to £750,000.

It has been launched by Rebecca Stott, who has worked for five years at Foxtons followed by four years in another London-focussed agency, Haus.

The fees on its website says the initial consultation is free of charge but instructing the firm on a sole contract involves a non-refundable upfront fee of £1,000 - deductible from the final bill if a property is found. 

The website does not say how much the full service costs, but says: “We understand that every search is unique and each client has different requirements. Please give us a call, we will discuss our range of services and then put together a bespoke quotation to suit you and your needs to find your first time purchase. We only charge this if we have found your property and you actually exchange contracts on the sale.”

Additional charges listed on the site include £100 for an area guide (“information about the local area … breakdown of reasons why first time buyers are buying here and why) and £100  per property for a comparable analysis.

Read more here

Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.

Blue Banner 899 Euros Madrid Ppw 2019

September 15, 2019

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Propertyguru Board Room
PropertyGuru Appoints REA Group CEO Owen Wilson to Board of Directors as a Non-Independent Director

Southeast Asian property portal operator PropertyGuru has announced the appointment to its board of REA Group CEO Owen Wilson. Wilson...

Read More
La Haus Queretaro
La Haus Growing Fast and Looking to Add Financing Products

Colombian PropTech startup La Haus has expanded to another Mexican city and is looking to increase the financial solutions it...

Read More
Rae Group Mortgages
REA Group to Consolidate Mortgage Brokerage Offering Under One Brand

Australian portal operator REA Group has announced that its mortgage brokerage business will operate under one brand. In 2017 REA...

Read More
Zillow No Sale
Zillow Pauses Homebuying Citing "Operational Capacity" Issues

Zillow has paused its home buying activities as its iBuying division works through a backlog of homes already on the...

Read More

Popular News