13 is lucky for some: Leading online estate agent has saved over £13 Million in fees for more than 3,500 customers

Hatched is delighted to announce that since launching in 2006, the leading online estate agency has saved sellers over £13 million in estate agency fees.

Announcing this milestone today, Hatched managing director and founder, Adam Day, said: “Even though we have now officially passed the £13m mark, well over £9m of these savings have actually been made in the last two years, which is clear evidence of the growing popularity of online estate agency. Homeowners are clearly wising up to the quality of service and value for money we offer.”

The £13 million figure is the total saving made by over 3,500 successful sellers over the last eight years with Hatched.co.uk. That's an average of over £3,700 (what homeowners will typically pay if using a traditional high street agent) saved for every property sold.

Day adds: “Hatched is now saving clients over £600 every single hour, of every single day; or over £5 million every year.”

The property market in England & Wales is worth around £3 billion per year in relation to estate agency fees charged on house sales. Hatched, together with a growing crew of online cohorts, are successfully gaining an ever increasing slice of the market, with an estimated total of over £100,000,000 in fees being taken out of the pockets of traditional estate agents by online players this year alone.

Furthermore, Hatched states that 75% of its sales are agreed at 99% of the asking price, which compares favourably with a high street agent's conversion of around 65% sold at 97% of the asking price.

Day also goes on to say: “A traditional agency will only make money if they sell the house. I actually believe this is to the detriment of the seller, as an agent who is only paid on selling a house and therefore motivated primarily by securing their own commission, will not necessarily be acting in the best or sole interest of the client when negotiating. With this model, it is inevitable that personal or business interests will influence an agent's advice to clients to 'accept an offer'.

The Hatched model avoids this dilemma by charging customers a fixed fee up front, therefore guaranteeing impartial advice to clients regarding valuations and offers without the 'distraction' of securing potentially huge fees on sale.

Online is currently revolutionising the estate agency industry and with £13 million worth of savings for happy customers to date, a high success rate on sales at asking price and objective advice for clients guaranteed, Hatched believes that an ever increasingly savvy public will embrace these much awaited changes in the marketplace. Offering a clear competitive edge over the prices and practices of traditional high street agents, homeowners are soon expected to sign up to the online revolution in their droves.

- Ends -

Notes to editors:
Adam Day, Director, Hatched.co.uk, is available for interviews, profiles and is also happy to provide expert comment or input for any relevant features covering property and estate agency matters.

Follow Adam: @Hatched_co_uk / www.hatched.co.uk/about/the-blog.asp

For further press information please contact:
James Brooke / Julie Aguilera / Kevan Barber
Rooster PR
www.rooster.co.uk
T: +44 (0)20 3440 8930
E: Hatched@rooster.co.uk

About Hatched.co.uk
Hatched.co.uk is a leading online low cost estate agent with a network of regional offices across England and Wales. Launched in May 2006, Hatched.co.uk was one of the original pioneers of the online estate agency model.

A 'full service' estate agent, Hatched's fees for sales are on average 85% lower than a traditional high street estate agent's. This equates to an average saving of over £3,700. Lettings fees for a fully managed service start from only 6%. 

The Hatched.co.uk team has over 60 year's estate agency experience and are proud members of the National Association of Estate Agents. Hatched.co.uk aims to become one of the leading estate agency brands in the UK.

To find out more, visit www.hatched.co.uk or call the team on 0333 999 7699.