Why is it that estate agents are still based in offices you can walk into?
It seems so obvious to me that apart from valuing the property initially and handing out the keys in the end, none of the rest requires a physical estate agent.
I know, all estate agents these days have web sites that you can use to search for properties, but they’re still spending lots of money of printed property ads, laminated schedules and big inner-city offices with photos in the windows. These costs could be cut by an estate agent that operated solely online.
I’d start up a virtual estate agency myself if only I knew anything at all about that area, and if I could see a solution to the problem of getting enough properties on the book to make it worthwhile for prospective buyers to surf my pages.