After the announcement of the stamp duty holiday last week, which increased the controversial land tax’s threshold to £500,000 for property sales that complete before March 31, 2021, many homeowners will be tempted to sell quickly to take advantage of the measure. The potential to save even more money by using an online estate agency — cutting down on selling fees — is attractive, but is it the best option for your home? Here’s our beginner’s guide.
What are online estate agents?
Online estate agencies have been around for more than a decade, but account for only a small fraction of the property market — less than 8 per cent in 2019, according to TwentyCi, a data consultancy company. There are two types: