Housing Market Boom In For Sale By Owner Property

With the UK’s property market still looking a little gloomy, it seems there may be a glimmer of hope peeking through in the For Sale By Owner (FSBO) property market. NetMovers, the UK’s leading commission free property portal who let people property for sale, have announced a larger growth this year than in any of their eight years of trading, in the ‘for sale by owner’ market.

NetMovers suggest that more people are searching for property on the internet, by using ‘for sale by owner’ search terms, rather than searching for ‘estate agents’ or ‘property’, which is backed up by Google Trend’s latest figures. From 2004 to 2009, searches for ‘property’ and ‘estate agents’ show a steady decline while ‘for sale by owner’ searches soared at the beginning of 2009 and continue to remain high. NetMovers say as more vendors realise how easy it is to sell property online, demand for FSBO services is increasing.

This trend clearly shows a massive increase in this way of selling property and it seems homeowners are willing to sell property online by themselves, instead of using traditional estate agents. NetMovers believe this ‘boom’ is down to people being more receptive to the concept of controlling the sale by themselves and thus reducing cost.

NetMovers has adapted to allow both estate agents and individuals to take advantage of the cost effectiveness of its service and ease of being able to sell property online. This means as the NetMovers website grows, it attracts more users who have the ability to view both estate agent property and FSBO property. NetMovers have continued to grow through the recession and clearly hope 2010 will be the year in which more and more vendors look to them to sell property online.