As spring strikes again and bird nests fill the trees, a leading UK online estate agent is helping homeowners sell their brick-and-mortar nests on the ground. Urban.co.uk, based in Royal Tunbridge Wells, Kent, is now equity crowdfunding on CrowdCube, a leading investment crowdfunding platform, with minimum share buy-ins starting at £10.
Urban.co.uk has sold more than £90 million worth of property and saved landlords in excess of £7.5 million since 2005, according to the company’s CrowdCube campaign page. Currently, urban.co.uk has raised £101,020 of its £400,000 target for 8.00% equity offered. Backers of the company include Hash Ladha (COO of Oasis) and Gideon Lask (CEO of Buyapowa), leaders in E-commerce and retail. The campaign has 28 days to go, and is accepting UK payments only. The share types are A (£20,000), B, with EIS tax relief.
Here’s how it works: Customers choose a service package and any extras. Then, they share details about themselves and their property. The property is then advertised on sites such as Rightmove, Zoopla and Primelocation. Urban.co.uk manages enquiries and the customers show potential buyers and tenants. Finally, the company’s NAEA and ARLA qualified staff are on hand to handle offers, negotiate on customers’ behalf and then progress their sale or letting to completion.
Urban.co.uk co-founder and CEO Oliver Atkinson points out that “online estate agents can keep costs down because they work from one location rather than an expensive high street office,” according to a story in the Financial Times. The company was also rated “Top Online Agent” by the Sunday Times.
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