OnTheMarket Software to Launch New Estate Agency Automation Platform

OnTheMarket is set to launch a new estate agency automation platform that the UK challenger says will give agents access to fresh income streams and increase revenue.

Set for launch in Q2, the new platform, dubbed TecHub will join OnTheMarket Software's pre-existing platforms TecLet and TecCRM.

TecHub will allow buyers, sellers and landlords to track the progress of their transaction alongside the agents they work with as well as upload documents and make payments via the platform outside of working hours.

Once the property transaction process is complete, TecHub will revert to being a home management platform on behalf of the agent for the consumer with all documents from the original transaction available. The homeowner can shop for insurance policies, mortgage renewals or utility deals, with notifications and reminders sent to the customer at key moments throughout the lifecycle of owning the property.

The majority agent-owned portal claims that the tool is the first of its kind in the British market with Alan Blockley of OnTheMarket Software commenting.

“Many have tried to create similar platforms in the past, but the key barrier has always been the need to enter large amounts of data. Because TechHub already has all the required information relating to the transaction, the Home Management tool has everything needed. As a result, the customer journey will no longer stop when the sale completes, or the tenant moves in."

OnTheMarket was recently on the receiving end of an open letter from US investor Brett Stone, wherein Stone outlined his plans for OnTheMarket should the Group green-light an investment from him.