Web Estate
Internet real estate – Wikipedia
An electronic version of the real estate industry, Internet real estate is the concept of publishing housing estates for sale or rent online, and for consumers seeking to buy or rent properties through such platforms. Often, Internet real estate properties are listed and managed by landlords themselves. However, there are few exceptions where an online real estate agent would exist, still dealing via the World Wide Web and often stating a flat fee and not a commission based on the percentage of total sales. Internet real estate platforms surfaced around 1999 when technology advanced and statistics prove that more than 1 million homes were sold by the owners themselves in the United States alone in 2000. [1] Some of the primary Internet real estate platforms include Zillow, Trulia, Yahoo! Real Estate, Redfin and [1]
International e-real estate statistics[edit]
According to Realtor, 90% of home buyers searched online during the process of seeking a property and the percentage of consumers searching for information relating to real estate on Google has increased by 253% over the last 4 years. [2] With an increase of 5. 5% from just 0% of people using the Internet to carry our house sales within the last decade in the UK, figures show that there will be a huge increase to a percentage of 50 by 2018. Figures will hit 70% by 2020, with only a third of the UK population seeking help through traditional methods of real estate agents. [3][4]
Process of dealing with Internet real estate[edit]
The process of the concept of Internet real estate usually begins with owners listing their homes with its quoted price on online platforms such as Trulia, Yahoo! Real Estate, cyber home, The New York Times and even eBay. The greater number of platform owners list their properties, the greater the diffusion of information. [5] As buyers who are seeking a piece of property, search engines are usually their first pit-stop. “69% of home shoppers who take action on real estate brand website begin their research with a local term, i. e “Houston homes for sale” on a search engine”, reports Realtor. [2] Once a potential buyer contacts the seller, they would go through the details of the property – sizing, amenities, condition, and pricing, if not stated. After which, an appointment for the viewing of the property would usually be scheduled and in some cases, potential buyers may request for a refurnish of certain amenities or parts of the property. If terms and conditions are met between both parties, the buyer would usually negotiate for the best offer if interested and a deposit may be requested by the owner. Finally, both parties will agree on a date for full payment, signing on official payment, and the handover of keys to the property.
Design[edit]
Generally, buyers are attracted to Internet real estate due to its accessibility and the range of properties available. [5]
Advantages[edit]
Convenience[edit]
Due to distance decay, personal commitments, and time constraints, many turn to the web to carry out their daily activities – online shopping, online bookings and for communication between parties. Using the web to put out properties for sale and purchasing properties is no exception. The age of technology has aided in reducing time and money within Internet real estate. Users may list their properties or search for them at their fingertips, reaching out to a greater number of people significantly than traditional methods. In contrast, the traditional methods of contacting and meeting up with a real estate agent cost more money (agent and transportation fees) and time. [6]
Direct communications and transactions[edit]
One of the prime differences between traditional real estate and Internet real estate is often the middleman’s absence, known as a broker or a real estate agent. At times, real estate agents may be present, still dealing with customers directly from the web. Real estate agents often profit by absorbing a certain percentage of the final sale or rent price as commission. There are cases where commission percentage hits a figure of 6% in America. [7] Internet real estate reduces the cost of an agent and conserves time spent relaying amongst three parties.
Human interaction[edit]
The use of the Internet has, in turn, the reduced time between human interaction, which buyers do crave at times. [8]
Disadvantages[edit]
Just like any other operations, risks do exist when dealing with Internet real estate. There have been cases where personal details and financial information were copied when cybercriminals posed as sellers who listed their properties. Unfortunately, they published fake information about themselves and their properties and collected deposits and rent for a property of which they had no ownership. Furthermore, using the web to deal with real estate increases the chances of data being encrypted or retrieved. [9]
References[edit]
^ a b Delcoure, Natalya, and Norm G. Miller. International Residential Real Estate Brokerage Fees And Implications For The US Brokerage Industry. 1st ed. 2002. Print.
^ a b Google, The National Association of Realtors®. The Digital House Hunt: Consumer And Market Trends In Real Estate. 2012. Print.
^ Mount, Harry. ‘How The Internet Can – And Should – Destroy Estate Agents’. The Spectator. N. p., 2014. Web. 1 Nov. 2015.
^
^ a b
^ DARLIN, DAMON. ‘The 6 Percent Solution: Skip Real Estate Agents’. p., 2005. 2015.
^ Fobert, J. (2013). Cyber and Data Security Risks and the Real Estate Industry. America.
External links[edit]
Newsweek: Internet for Sale
CNN: Masters of their domains
HOME / AREA GUIDES / The Webb Estate – Purley – ShineRocks
Living in The Webb Estate
The Webb Estate is probably South London’s best kept secret, an unspoilt and private Estate, situated in a protected conservation area close to Purley town centre, a prosperous district in South London, located close to Croydon and within an easy commute of both the City and West End of London. This jewel in the South London crown, can only be described as a very special place to live and bring up a large family in a safe and beautiful environment.
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History of the Webb Estate
The Webb Estate covers about 260 acres to the West of Purley town centre. William Webb, a local estate agent bought the site in 1888 and proceeded to develop it according to his own theories of housing development. He later explained these in his book, ‘Garden First’, published in 1919.
He suggested that ‘the occupiers of houses (should) not only have the enjoyment of their own premises in private seclusion, but that, both from their own upper windows and when passing along the roads, it may appear as if they are in one large garden of which their holding is part. ‘
Webb established the planting of trees and shrubs and the layout of other landscape features well before the first houses were built. His dream of a garden home for city men received a great boost in 1901 when the Croydon Municipal Tramways reached Purley, bringing the Estate within comfortable commuting distance of London.
Upper Woodcote House was the first dwelling on the Estate and was Webb’s own home. Also in 1903 a model village was laid out in the south-western corner of the Estate. The cottages surrounding it were to be occupied by men working on the Estate. Following the creation of the green and its surroundings, the roads of the estate were gradually developed. Certain roads were developed according to a specific planting scheme. RoseWalk was laid out in 1907 in accordance with Webb’s principle of gardens first, the plots were offered for sale in 1911.
Extensive preparation of the soil was carried out, and 6000 roses comprising 400 varieties were planted.
Silver Lane followed and was planted with four rows of Silver Birch trees carpeted with bulbs and wild flowers.
The houses followed only when the landscaping had partly matured. In 1912 the south border was completed with a herbaceous border in front of each plot and over the next eight years or so Furze Hill, Furze Lane, Woodcote Lane and Briar Hill were completed.
After the 1914 – 1918 war, Webb constructed the Promenade de Verdun and planted a line of Lombardy Poplar trees in soil brought from France. At the end of the Promenade stands an obelisk to the memory of the French soldiers who fell in the War.
The fallen British soldiers were given their war memorial of granite on the green. By 1925 the Webb Estate was essentially complete, since when a certain amount of modern infilling has taken place, but this has not affected the attractive secluded character of the area. It still remains the most attractive private residential estate affording not only privacy and enjoyment to all those who live in the area, but also interest and pleasure to those visitors who pass along its roads. The Webb Estate was designated as a Conservation Area under Section 277 of the Town and Country Act 1971 by the council on June 27th 1983. This followed the designation of the Upper Woodcote Village area as a Conservation Area in November 1973 and action by the local residents and other bodies over many years to extend the protection to a greater proportion of the Webb Estate.
Properties in The Webb Estate
Back in 1970, the average selling price of a detached house on the Webb Estate was around £30-35, 000. In December 2006, one of the semi-detached cottages surrounding the green sold for £695, 000. In January 2007 it was still possible to purchase a semi-detached house in Furze Lane from around £600, 000, while detached houses in the Conservation Area started at around £1, 100, 000. The average selling price of a detached house during 2006 was approaching £2, 000, 000. Today, in 2015 semi-detached houses in Furze Lane have been selling between £820, 000 and £1, 000, 000. During 2015 detached houses of varying sizes have sold between £1, 400, 000 for a smaller property up to £3, 000, 000 for a larger property, at this time the highest selling price on the Webb Estate is equivalent to £4, 500, 000.
The Webb Estate boasts its own Village green and shop “The Lord Roberts”, providing a post office and a good selection of everyday essentials from a pint of milk to the Sunday papers.
FREE INSTANT VALUATION
Schools and other amenities
The Webb Estate is home to the exclusive and private Cumnor House school, with both the girls school and nursery located in Woodcote Lane, while the boys school is located nearby in Pampisford road. Purley and its surrounding area is known for many excellent state and private schools, which also include The John Fisher School, St David’s, Woodcote High School, plus in the surrounding areas: Croydon High School, Old Palace, Whitgift School, Trinity, Wallington Boys and Girls, Wilsons and Caterham School. There are also other nurseries and colleges nearby.
The town centre is located within easy walking distance and features various recognisable high street retailers, cafes and restaurants, as well as independent stores and designer boutiques. In addition, there are plenty of recreational facilities nearby, such as Purley Swimming Pool, Purley Sports Club, Surrey Health and Racquets Club, cinemas, bowling alleys and two golf clubs: Purley Downs and Woodcote Park.
When it comes to exploring the great outdoors, residents of the Webb Estate are spoiled for choice, with a range of open spaces on the doorstep, all perfect for family outings; options include Purley Beeches, Kenley Common, Farthing Downs and Oaks Park.
Croydon town centre is nearby, offering a huge selection of shops and restaurants and coming very soon to Croydon is a brand new Westfield Shopping Centre. Just a short drive away you will find the 8 screen View Cinema on the Purley Way. South Croydon is famous for the quantity and variety of restaurants it offers and the Popular Surrey Street Market situated in the heart of the old town is a market open 6 days a week with a variety of stalls selling a range of produce and products.
If its arts and culture that interests you look no further than the Fairfield Halls within which the Ashcroft Theatre, Concert Hall, Arnhem Gallery and the New Studio offers a fabulous selection of Plays, Ballet, concerts, music, Art and much more.
View Schools
Transport Links
Its close proximity to London makes the Webb Estate ideal for families and commuters – a relatively short drive down the A23 will take you straight in to the capital in under an hour. This exclusive private gated Estate is within walking distance of Purley station, by train you can reach London Bridge painlessly in half an hour or London Victoria in about 40 minutes. The M25 and M23 are less than six miles away, and there’s easy access to Gatwick and Heathrow airports.
Nearby Stations
Looking for estate agents in The Webb Estate?
ShineRocks Estate Agents was founded in Purley more than 20 years ago. As a leading authority both on the area and in the property industry, we’re proud to sell quality homes in the £300, 000 to £3, 000, 000+ bracket, while simultaneously offering the highest levels of service and timely communication to our many valued clients. We provide a range of property services in The Webb Estate.
If you would like us to value your home, please call us on 020 8660 2010 or send an e-mail to
Contact us
Book valuation
Free instant valuation
Internet real estate – Wikipedia
An electronic version of the real estate industry, Internet real estate is the concept of publishing housing estates for sale or rent online, and for consumers seeking to buy or rent properties through such platforms. Often, Internet real estate properties are listed and managed by landlords themselves. However, there are few exceptions where an online real estate agent would exist, still dealing via the World Wide Web and often stating a flat fee and not a commission based on the percentage of total sales. Internet real estate platforms surfaced around 1999 when technology advanced and statistics prove that more than 1 million homes were sold by the owners themselves in the United States alone in 2000. [1] Some of the primary Internet real estate platforms include Zillow, Trulia, Yahoo! Real Estate, Redfin and [1]
International e-real estate statistics[edit]
According to Realtor, 90% of home buyers searched online during the process of seeking a property and the percentage of consumers searching for information relating to real estate on Google has increased by 253% over the last 4 years. [2] With an increase of 5. 5% from just 0% of people using the Internet to carry our house sales within the last decade in the UK, figures show that there will be a huge increase to a percentage of 50 by 2018. Figures will hit 70% by 2020, with only a third of the UK population seeking help through traditional methods of real estate agents. [3][4]
Process of dealing with Internet real estate[edit]
The process of the concept of Internet real estate usually begins with owners listing their homes with its quoted price on online platforms such as Trulia, Yahoo! Real Estate, cyber home, The New York Times and even eBay. The greater number of platform owners list their properties, the greater the diffusion of information. [5] As buyers who are seeking a piece of property, search engines are usually their first pit-stop. “69% of home shoppers who take action on real estate brand website begin their research with a local term, i. e “Houston homes for sale” on a search engine”, reports Realtor. [2] Once a potential buyer contacts the seller, they would go through the details of the property – sizing, amenities, condition, and pricing, if not stated. After which, an appointment for the viewing of the property would usually be scheduled and in some cases, potential buyers may request for a refurnish of certain amenities or parts of the property. If terms and conditions are met between both parties, the buyer would usually negotiate for the best offer if interested and a deposit may be requested by the owner. Finally, both parties will agree on a date for full payment, signing on official payment, and the handover of keys to the property.
Design[edit]
Generally, buyers are attracted to Internet real estate due to its accessibility and the range of properties available. [5]
Advantages[edit]
Convenience[edit]
Due to distance decay, personal commitments, and time constraints, many turn to the web to carry out their daily activities – online shopping, online bookings and for communication between parties. Using the web to put out properties for sale and purchasing properties is no exception. The age of technology has aided in reducing time and money within Internet real estate. Users may list their properties or search for them at their fingertips, reaching out to a greater number of people significantly than traditional methods. In contrast, the traditional methods of contacting and meeting up with a real estate agent cost more money (agent and transportation fees) and time. [6]
Direct communications and transactions[edit]
One of the prime differences between traditional real estate and Internet real estate is often the middleman’s absence, known as a broker or a real estate agent. At times, real estate agents may be present, still dealing with customers directly from the web. Real estate agents often profit by absorbing a certain percentage of the final sale or rent price as commission. There are cases where commission percentage hits a figure of 6% in America. [7] Internet real estate reduces the cost of an agent and conserves time spent relaying amongst three parties.
Human interaction[edit]
The use of the Internet has, in turn, the reduced time between human interaction, which buyers do crave at times. [8]
Disadvantages[edit]
Just like any other operations, risks do exist when dealing with Internet real estate. There have been cases where personal details and financial information were copied when cybercriminals posed as sellers who listed their properties. Unfortunately, they published fake information about themselves and their properties and collected deposits and rent for a property of which they had no ownership. Furthermore, using the web to deal with real estate increases the chances of data being encrypted or retrieved. [9]
References[edit]
^ a b Delcoure, Natalya, and Norm G. Miller. International Residential Real Estate Brokerage Fees And Implications For The US Brokerage Industry. 1st ed. 2002. Print.
^ a b Google, The National Association of Realtors®. The Digital House Hunt: Consumer And Market Trends In Real Estate. 2012. Print.
^ Mount, Harry. ‘How The Internet Can – And Should – Destroy Estate Agents’. The Spectator. N. p., 2014. Web. 1 Nov. 2015.
^
^ a b
^ DARLIN, DAMON. ‘The 6 Percent Solution: Skip Real Estate Agents’. p., 2005. 2015.
^ Fobert, J. (2013). Cyber and Data Security Risks and the Real Estate Industry. America.
External links[edit]
Newsweek: Internet for Sale
CNN: Masters of their domains
Frequently Asked Questions about web estate
Where is the Webb estate?
The Webb Estate is probably South London’s best kept secret, an unspoilt and private Estate, situated in a protected conservation area close to Purley town centre, a prosperous district in South London, located close to Croydon and within an easy commute of both the City and West End of London.
What is cyber real estate?
An electronic version of the real estate industry, Internet real estate is the concept of publishing housing estates for sale or rent online, and for consumers seeking to buy or rent properties through such platforms. Often, Internet real estate properties are listed and managed by landlords themselves.
How does online real estate work?
Online real estate agents usually work with clients who have no ability or no need to visit the property in person before buying it. … This job title refers exclusively to real estate agents who only work online, not agents who just have an online presence or post listings on the internet.
