Knock Knock… who? A new hybrid estate agency for premium homes with a unique fee structure

first_imgHome » News » Agencies & People » Knock Knock… who? A new hybrid estate agency for premium homes with a unique fee structure previous nextAgencies & PeopleKnock Knock… who? A new hybrid estate agency for premium homes with a unique fee structureKnockKnockHomes has launched in Surrey and Canterbury and is looking for agents to join its team, who will be able to earn up to £4,000 per sale.Nigel Lewis3rd March 202001,507 Views A new hybrid estate agency has quietly launched, backed by a former Purplebricks high flyer and with two territories already up and running in Surrey and Canterbury.KnockKnockHomes.co.uk says its fixed-price but stepped fee structure and brand is targeted at the ‘prime regional’ sector of the market between approximately £500,000 and £2 million, where fees can reach £10,000-£15,000 for a million pound house.The hybrid estate agency, which describes itself as combining what customers like of hybrid and traditional and therefore are somewhere in the middle, is charging a flat fee of £3,000 to sell a home, plus a further £2,000 if it sells for the asking price and up to a further £1,000 if it’s over.KnockKnock is looking for experienced industry professionals such as senior valuers and branch managers to join its self-employed team of commission-only representatives.After an initial three month set-up period, agents will receive half of each £3,000 fee, all of the £2,000 additional fee paid by the vendor if they achieve asking price and half of the additional £1,000 for going over it.“For too long negotiators in traditional high street branches keep just 4% to 10% of an agency’s commission depending on the company they are working for, but that is not much of an incentive to try and win a higher price for the vendor,” says Stephanie Walker (left), who is advising the company.“Our system offers successful agents the opportunity to earn up to £4,000 per sale.”Before setting up her own recruitment consultancy, Grace and Candour, Walker worked for Purplebricks in the UK and the US.“At KnockKnock we haven’t gone for that volume model where agents are incentivised on listings, but rather on price achieved,” she adds.The company hopes to grow its customer and representative base in the South and South West before rolling out nationally.Visit the site.Read our guide to hybrid agents.knockknockhomes.co.uk Stephanie Walker March 3, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more