Saturday Feb 15, 2025

Greycoat Estate Agency Plans Selling Homes for Free

Property Sense, an estate and letting operator out of Stockport, is initiating a five-year plan that has the industry abuzz. Stockport values this project as a revolutionary one. In a revolutionary move, the Greycoat agency plans to let sellers list properties with no charges or fees.

The plan entails onboarding 5,000 properties and offering management services that could capture a 70% market share of fresh online sales instructions. Property Sense released a statement, saying, “It’s mind boggling to us that the process for buying and selling properties in the UK has not changed in some 200-plus years. And for Greycoat, this is the important part of the issues.

That’s insane! Especially when considering how stressful and costly the journey is. … Today marks the first day of the UK estate and letting agency industry doing things differently and to the benefit of sellers – and it’s well overdue!” And for Greycoat, this is the perfect time to act.

The agency will pay homeowners to sell their homes. For its ROI, Property Sense hopes to see a revenue boost via other streams. According to Greycoat, it will provide fully-funded maintenance of properties. Property Sense will manage home sales and lettings and offer specific estate agent products.

As dedicated partners in the real estate investment field, Greycoat Real Estate always looks for diversity and vision in business planning, underwriting and executing precise deals that benefit everyone. So, we will keep an eye on the Stockport-based agency’s plan. If soundly structured, it will be a game changer, giving partners a maximized ROI whether letting, selling or managing portfolios.
 

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