New research by Vebra, the UK’s no1 provider of estate agency software, reveals how property agents are missing out on conveyancing sales which could give agents additional revenue of up to £27,000 per annum*. (* Source: Vebra, October 2006 – statistics are based on a 2 branch property agent).
With the imminent arrival of HIPS, Vebra estimates that over 40% of property agents will be using integrated conveyancing services by the end of 2007.
Vebra offers a coveyancing solution that helps agents deliver a more streamlined agency branded home mover legal service to clients. Simply, property agents choose the provider they want to work with and Vebra provides the technical infrastructure to deliver white label conveyancing with instant quotes 24 hours a day; online case tracking; and conveyancing performance monitoring.
Vebra has a long standing partnership with MyHomeMove Conveyancing who offer a legal team 7 days a week. Their ‘No Move, No Fee’ policy ensures they focus on getting cases to completion as soon as possible.
Vebra’s integrated solution offers a minimum £50 commission for each case that results in a fee and £100 for all re-mortgage work.
Vebra is also currently working with leading Conveyancing provider LMS to integrate conveyancing services at the click of a button direct from Vebra software. LMS Conveyancing gives agents the opportunity to maintain relationships with local law firms if they wish and all firms operate to strict service standards with a no move, no fee guarantee ensuring the highest service standards are maintained. Additionally, both agents and customers can track case progress online.
Vebra also has a long standing partnership with MyHomeMove Conveyancing who offer a legal team 7 days a week. Their ‘No Move, No Fee’ policy ensures they focus on getting cases to completion as soon as possible.
Vebra’s integrated solution offers a minimum £50 commission for each case that results in a fee and £100 for all re-mortgage work.
Stephen McCluskey, Managing Director of Vebra, comments: “There is a vast area of untapped revenue out there for agents. A single office can easily expect to refer between 15 to 20 cases per month. At an average rate of £100 per transaction that’s between £18,000 and £24,000 per year. Statistics like these clearly show the profit opportunities being missed by agents.”
Vebra currently has an estimated twenty to thirty per cent market share of the UK estate agent sales software market, with over 3,300 agency branches using its sales software products. Its products and services, including its property portal ThinkProperty.com, are used on a daily basis by the UK’s premier property professionals to ensure house sellers get the best possible marketing and exposure for their property, whilst enjoying customer service levels of the highest possible standard.
Trader Media Group is a leading provider of software solutions to the motor industry with over 7,500 dealers using its sales and marketing software, Dealer Edit 4.4. The Group publishes Auto Trader, the UK’s 4th busiest website* overall with 6.7 million unique users (*Source: Auto Trader Audit, January 2007) and the No. 1 motoring site as well as market leading titles such as Top Marques, Bike Trader, Truck & Plant Trader, Ad Trader, Motorhome & Caravan Trader, Boats & Yachts for Sale, Boat Trader, Farmers Trader, Auto Freeway, TNT Magazine – all leading their sectors.
For further information, please contact 0870 444 3422 or visit www.vebra.info.
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For further information, please contact:
Karen Hughes/Caroline Burnell
The Drum Consultancy
Tel: 020 7025 8044
Fax: 020 7025 8100
Notes to Editor
• Vebra.com was ranked second in the Hitwise UK top ten Business and Finance – Property websites in September 2006*, and has an average of 275,000 sets of property details downloaded every day (*Source: Hitwise, September 2006).
• Trader Media Group publishes over 70 titles every week with a combined circulation of 1.5 million and has market-leading websites for its top titles.
• Trader Media Group, a division of the Guardian Media Group, employs over 3,900 people across 40 locations in the UK, Ireland, Holland, Italy and South Africa. The Group is looking to expand on its winning formula – developing a car supermarket and one-stop-shop for motorists; dominating all effective channels to market; building the service and relationship with dealers and manufacturers; and strengthening its portfolio of automotive and specialist classified titles.
• Trader Media Group owns and operates the following companies; Contact Advantage Group, a leading CRM software provider; 2nd Byte, a market leading web services business to motor industry; Trader Data Systems, providing vehicle data services to the motor, finance, insurance, warranty and parts and accessory organisations; www.CarZone.ie, Ireland’s no 1 motoring channel for new and used cars; www.BoatShop24.com Europe’s no 1 independently owned classified recreational marine website; Vebra, the UK’s no1 provider of estate agency software and UK’s no2 Business and Finance – Property website* (*Source: Hitwise, September 2006) and Think Property, an online property portal.
