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| The site allows you to calculate how much you would save by selling with them rather than with an agent, so if you were selling your home at
£200k with an agent charging 1% your commission would be £2000, but with 'atatouch' you would pay £1000 at a rate of 0.5%, or would you? As you had to pay a
registration fee of £275 + VAT (currently 17.5% soon to be 20%), this is an additional £323.13, totaling £1323.13, a saving in this scenario of less than
seven hundred. Is this saving worth it? Everyone will have a different view, in my view no. With an estate agent conducting the work, they are responsible when things go right, but more importantly when things go wrong, they have to adhere to policies and comply with laws, they are insured and 'suable' should they provide bad advice or take wrong decisions. Is their any great benefit in using this site, well it gives you control of the sale, but most people are happy to outsource this sort of headache. On a first glance it provides no reduction in other costs such as surveyor, solicitor or banking, only in the sale, but it does include in the registration fee of approx. £323 a professional to help set your asking price but this would still appear bad value for money if you were unable to hold that professional liable for poor judgment or advice. In reality, you would spend at least £323 if you used this service, for even if you decided not to sell you would lose your registration fee, however if you continued to sell your property you would owe an additional 0.5% of the selling price. I am one of those 'fuddy duddys' that don't like call centres, a jack of all trades approach to living, I like professionals who work for and are responsible to the company I am dealing with, as such 'atatouch' would not appeal to me. Likewise, the website holds no contact address even in its privacy policy or terms, it fails to state its company status as a private limited company. For the purpose of this article we had to gain their address from Companies House: ATATOUCH.COM LIMITED, LESLEY EXCHANGE, EAST BRIDGE STREET. BELFAST, BT1 3NR Company No. NI058286 This site appears to be aimed at a modern society, who wants immediate answers, who have little free time, an 'on demand' approach to living and perhaps it will work with that type of professional. On the other hand many busy working professionals want to know that they have passed this responsibility to another party and that all matters are in hand. After reviewing the front end of this site's purpose and functionality I am more interested in knowing whether a single investor from 'atatouch' has sold a property they own, using this method. |
Last Updated: 26th June 2010
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