1. Innovation in Estate Agency Business
model price structure and charges
Property Owners in Milton Keynes don’t have to be dominated byTraditional EstateAgents.
“Market is still dominated by Tradi-
tional Estate Agents” and “There is
lack of innovation in business mod-
el price structure and charges” These
were the very words used by the OFT
to describe the Estate Agency Market.
The OFT report found “surprisingly lit-
tle innovation” in relation to the tradi-
tional model of selling property.
As above the dominant model was
the traditional estate agent with a high
street shop front presence, retained by
the seller and paid a fee on completion
based on a percentage of the achieved
price. The OFT had expected to see es-
tate agents looking to cut costs by shift-
ing more of their operations online.
Another striking feature of the market
was the homogeneity of the service
offering. Most estate agents offered
broadly the same package of services –
valuation, production and distribution
of marketing material, accompanied
viewings, and negotiation – at broadly
the same price, one to two per cent of
the achieved sale price.
ADVANCE have addressed those con-
cerned findings by the OFT and inno-
vated the Estate Agency and Letting
Agency business model with price
structure and charges by offering lead-
ing an innovation menu of services to
the consumers in Milton Keynes.
One Great Reason to
Sell with Advance:
Referral Commission for
family member, colleague or
a friend:
At Advance, consumers are being of-
fered an attractive business model pack-
age to sell properties. Associated con-
tact of the property owner will qualify
to a referral commission after the sale of
the property. For example: if the spouse
was to refer her husband’s name to Ad-
vance the spouse will qualify to receive
the commission or if another colleague
or a friend of the property owner was to
refer the property to us he/she will quali-
fy automatically for the referral fee.
This above innovation business package
is breaking away from the traditional
business model.
We aspire to go beyond the standards set
by others, and progress forward to raise
the bar of excellence:
We Guarantee to sell
within 6 weeks of
contract start date if
not Compensation is
being offered:
Fixed fee of 0.9%: The fees are being
charged is much more competitive than
any other traditional estate agents as low
as 0.9% compared to 1.5% to 2.5% by
others.
The price and the guarantee to sell,
shows how landlords do not have to
be dominated by the traditional estate
agents, they have a choice now to secure
maximum return on sale of their proper-
ty and sell it fast and efficiently.
ONE Great Reason to sell
with: Advance: £300 referral
commission each time you
refer a property for sale.
Mark Majury– Share
holder & Property sales &
maintenance Manager of
Advance Property, Director
of Mark Majury Plumbing,
Share holder of The Postal
Club.
Mark Majury
The innovation business
model is engineered by:
Mohammed Choudhury
LLB Hons. Director of
Advance Property Ltd,
Independent Business
Consultant of GRM Con-
sultancy, Vice Chair of
Milton Keynes Welfare
Association, Director of
Good Response Ltd.
Mohammed Choudhury - LLB Hons
Please call: 01908 368000
www.advanceproperty.co.uk
NowyouhaveabetterChoice!
Response House, 124-126 Queensway
Bletchley, Milton Keynes, MK2 2RU