British hybrid real estate agency 99Home has announced plans to expand its property listing and marketing business internationally.
The portal, which allows sellers pay to list their property on the major U.K. portals on a monthly or quarterly basis, will be launching its services to British European and South-East Asian customers, allowing them to sell their home, timeshare or fractional ownership of their property. The last two elements will be launched soon.
Vendors can accept, reject or negotiate an offer online using 99Home’s free negotiation assistant service to communicate with potential buyers. Commercial property landlords and sellers from the U.K. or overseas can use the 99Home service on the commercial agent’s part of the website too.
99Home offers a modular, DIY service and fixed fee structure and commission on a “no success, no fees” basis. Clients can sell from just £99 a month or £199 for three months, using its introductory offer to list on all major portals. Its proptech platform was developed inhouse.
Co-founder & CEO Vijay Vashistha said the company has developed a network of local agents in Spain, Portugal, Greece and Italy as well as Sri Lanka, Thailand and India and has also teamed up with some property developers in Europe and aims to expand its presence.
Vashistha said Covid-19 has changed the industry and he thinks digital marketing will be the solution going forward as people invest globally faster than ever. He said 99Home is positioning itself to take full advantage of this fact. To do this the company has set up partnerships with U.K. and European marketing portals and plans to be partnered with more global property listing portals in the future.
“Currently, the biggest problem for property sellers is the hefty price and tie-ins when they list a property on other portals whereas 99home allows you to market properties at an affordable price and with no tie-ins,” Vashistha said.