Agent Not Needed is a soon-to-be-launched website that helps people conduct real estate transactions without a real estate agent. The company describes itself as a “peer to peer property marketplace that allows you to sell, bur, or rent a property with the need for an agent.”
What Is Agent Not Needed?
According to the company’s website, Agent Not Needed will officially launch the second quarter of 2018. At the moment, some parts of the website are only in demo mode. However, you can set up an account with Agent Not Needed so you’ll be notified when the site goes live. The company has offices in Stockton-on-Trees, England. Presumably, it is only available for people selling property in the United Kingdom.
Agent Not Needed was co-founded by Anthony Pentland and Petros Georgiou. According to his LinkedIn profile, Pentland has a history of building businesses from the ground up. Meanwhile, Georgiou describes himself on his LinkedIn profile as a “serial entrepreneur” and “blockchain & crypto specialist.” He is listed as the founder of several businesses.
How Agent Not Needed ANN Tokens To Buy/Sell Real Estate Works
On the surface, Agent Not Needed looks akin to many of the other real estate sites like Zillow or Trulia. Those who are selling property can list it while those looking to buy property can peruse listings. However, Agent Not Needed takes things one step further by trying to directly connect buyers with sellers rather than going through real estate agents.
Instead of hiring a real estate agent to sell a home, Agent Not Needed will market your home using social media to help draw attention from prospective buyers. The site also allows interested buyers to communicate directly with sellers as opposed to having all communication go through a real estate agent. This allows buyers and sellers to set up viewings on their own and then negotiate a price one-on-one.
When the two sides agree to a deal, Agent Not Needed takes the sale to a third party solicitor and conveyor to complete all legal aspects of the trade. When a sale is successful and official, the seller pays Agent Not Needed £500, which is roughly equivalent to $690. Agent Not Needed also offers sellers additional services like being on the website as a “featured listing” for an additional fee. Similar services will also be available for rental properties.
Agent Not Needed Materials
Like most other real estate sites, Agent Not Needed includes information about each home listed on the site. In addition to pictures, prospective buyers can also see a description of the home, its location, the home’s features, room information, floor plans, EPC (energy, procurement, and construction), and sometimes video of the home. On each home’s page, there is also an option to either “Book A Viewing” or “Make an Offer.”
In addition to listing homes, Agent Not Needed provides a few other services, although not all of them have gone live yet. Both buyers and sellers can access a link for a “mortgage quote” and “conveyancing quote.” Sellers can also click on a link for an “instant valuation.”
Agent Not Needed ANN ICO Details
Agent Not Needed has stated their initial coin offering for their ANN token. The token sale will end on March 31st. You can invest in the ANN token using ETH, BTC, BCH, LTC, BNB, Bank Transfer, Debit Card.
Is Agent Not Needed Right For You?
If you expect to either buy or sell a home in the near future, Agent Not Needed is an avenue worth exploring. Not having to pay for a real estate agent will certainly help to save money. It may also be easier at times to speak directly with the other party so things aren’t lost in translation. That being said, there are reasons why people hire real estate agents to handle all the legwork. Forgoing a real estate agent could leave you with a lot more work to do. If you already have a busy schedule, going through Agent Not Needed may not be in the cards.
Agent Not Needed Final Thoughts
As Agent Not Needed points out on its site, working with real estate agents can slow down the process of buying and selling a home. It can take many months to sort everything out, in part because if each party has an agent, there will be two middlemen. Aside from saving money from not having to pay a real estate agent, the biggest benefit of Agent Not Needed is speeding up the process by arranging viewings and negotiating a price directly. Sellers will also have more control over what they write on their listing to attract attention to their property.
However, the downside of Agent Not Needed is that you’re almost entirely on your own while trying to buy or sell a home. Real estate agents have experience going through the process and in negotiating a good price on your behalf. They are experts in the field and often times good to have on hand as a consultant. Giving that up is something to think about when considering Agent Not Needed.