Why use Zump?
We've created Zump to overcome some of the current problems in the housing market and give users a new way of finding houses they love in areas they want to live.
The current problem with buying a house
Anyone that’s been house hunting knows there are issues with the current housing market. You scroll through the same properties on Rightmove day after day. Most aren’t what you’re looking for. Some tick all the boxes, but are too expensive, and the few which are perfect have so much competition that you can’t even book a viewing before it’s sold. It all stems from a lack of supply in the housing market.
This limited supply leaves buyers unable to find what they want on the market. It deters them from continuing their search and listing their own property for sale, a trend which has become self-reinforcing and is getting worse.
Research shows that 42% of U.K. homeowners (7.2m households) are thinking about moving, but only around 900,000 properties are listed for sale on Rightmove.
In Bristol and the BS postcodes, this means there are around 110,000 homeowners thinking about moving house, but only 3,500 properties on Rightmove to choose from. That’s less than 1% of Bristol and the BS postcode’s 455,000 properties. A huge gap between available on market supply and the current demand.
Another cause of this housing shortage is that for those who are on the fence about selling, there are only two options available:
1. Don’t sell
2. Put your house on the market.
The former is an easy option while the latter is a time consuming, complicated and expensive process. You need to find the right estate agent, sign exclusivity contracts, have photos taken, be ready for viewings, all before you even know if anyone’s even interested.
Most estate agents won’t even allow you to book a viewing at the moment unless you are a cash buyer or have at least agreed a sale on your property. But what comes first. Finding what you want, or selling your property to put yourself in a good position.
In short, it’s a hassle that many people avoid. This is why most people considering selling Just don’t bother, putting it off and kicking the can down the road for a bit longer, which then continues the restriction of property supply.
These factors have caused a huge imbalance in the market. When demand outstrips supply so thoroughly, prices increase. This makes houses unaffordable to many and leaves people trapped in their homes, scrolling through the same unsuitable houses on Rightmove.
Zump, a new way to buy houses
We’ve created Zump because we believe there should be another way. Using brand new technology, Zump gives buyers the tools and insights to open up the entire housing market and access more properties.
Instead of being limited to the 3500 properties on Rightmove, with Zump, you have access to over 455,000 properties that buyers can review and interact with. Empowered by this new freedom, buyers can explore the streets and areas where they want to live.
Using the in-app tools and data to find houses that fit their requirements. When users find a property they like, they can connect with it and we will alert the homeowner that they have an interested buyer. When an owner accepts the connection one of our expert property advisors will step in to liaise between the two parties. They are there to support both parties from start to finish and ensure a win win outcome.
Not every Zump sent will be successful, but if you don’t ask the question, the answer will always be no.
Sell your own house with Zump
Zump also helps those potential sellers that are on the fence, by giving them a free platform to test the market. No contracts, no obligations no hassle. Share your property on the map to indicate you’re open to offers, add a few details and even hide the exact location. Once it’s shared you can receive Zumps from interested buyers. Zump allows you to gather interest in your property whilst you search for your next home. Putting you in a strong buying position when you do find the right home.
You can review each buyer’s profile and only accept ones which match your expectations.
When you accept a Zump, one of our expert Property Advisors will be in touch to support the connection through to completion. Our Property Advisors will be your dedicated point of contact throughout the process. Provide all the support of a traditional estate agent, conducting viewings, negotiations, and dealing with all the admin.
Why Use Zump?
We believe that providing a solution which offers more choice and more freedom to buyers and owners is the natural evolution in an industry that has remained relatively unchanged for over 20 years.
Not enough homes for buyers and too many barriers for owners to enter the market passively, including the hassle of listing with an agent, has led to a bottle neck of buyers not becoming sellers because they can’t find what they want.
Our mission is to help more people find and connect with the properties they love! We’ve built our technology to allow this to happen wherever you are in Bristol.
Download Zump and explore off-market houses. Your perfect home, it's out there!