Guild develops iBuyer platform to empower agents

February 18, 2020
Share this Post: 

New iBuyer platform OfferHive by Guild of Property Professionals, is another way to agents to help vendors fight off 'quick sale' operators and counter the online 'agent threat.'

The Guild of Property Professionals is to bring the US iBuyer model of purchasing homes to the UK property market for the first time.

Its initiative was announced yesterday at its packed annual conference in London.

During the presentation by its Group Operations Manager Phillipa Legg she asked the 400 or so delegates what an iBuyer model was, but just one stuck their hand up, highlighting the uphill task the Guild has to persuade UK agents to embrace this very American idea.

Over the pond approximately 5% of homes are sold via iBuyer platforms such as Zillow but in some states up to 40% of vendors consider using them.

Like its US counterparts, the Guild’s new OfferHive platform will enable agents to find buyers for properties whose vendors cannot wait for a buyer via the traditional sales process.

It will also pay agents a fee both when the property is bought via an iBuyer and also when it is later sold on.

Read more here

February 18, 2020

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Board Room
Zoopla Creates Agent Advisory Board to Give Customers a Say on Lettings Policy

British #2 portal Zoopla has launched a Lettings Advisory Board made up mostly of its agent customers as it looks...

Read More
Spanish Proptech Firms
Housfy Gets Funding and Casavo Expands as Spanish PropTech Market Heats Up

The Spanish PropTech market is heating up with two prominent companies in the market announcing positive news this week. Online...

Read More
Leboncoin Op 1
LeBonCoin Launches New Offering to Help Agents Win Sales Instructions

The French classifieds market leader LeBonCoin has today announced the launch of a new package for real estate agents. The...

Read More
Domain Data
Domain Acquires Data Services Provider Insight Data Solutions

Australian portal company Domain has today announced that it has agreed to acquire data services provider Insight Data Solutions (IDS)....

Read More

Popular News