With more than $ 1.4bn invested into real estate agencies , according to Bloomberg , high street estate agents , who have been slow to embrace technology , are in danger of becoming obsolete . The new online estate agents , without the huge costs of paper - based rent and staff , can offer cheaper and more flexible services to consumers , 90 % of whom begin their search online .
With more than $1.4bn invested into real estate startups, according to Crunchbase, high street estate agents, who have been slow to embrace technology, are in danger of becoming obsolete. The new online estate agents, without the huge costs of location-based rent and staff, can offer cheaper and more flexible services to buyers, 90% of whom begin their search online.