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Agent wanst $500 to list my property on website

Discussion in 'The Buying & Selling Process' started by Aque, 12th Feb, 2016.

  1. Aque

    Aque New Member

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    2nd Jul, 2015
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    Location:
    Brisbane
    Hi

    I am thinking of selling my property and the agent indicated $500 to list my property on website. I thought they pay a monthly subscription fee so it should be free for me.

    Am I right?
     
  2. D.T.

    D.T. Adelaide Property Manager Business Member

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    Adelaide, SA
    Realestate.com.au charges a monthly subscription plus per listing. So they're on charging their listing component.
     
  3. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    They may pay a monthly subscription. They're entitled to pass that onto their clients however. Most real estate agents charge something for marketing.
     
  4. Xenia

    Xenia Adelaide Property Manager Business Member

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    The agent is correct, in addition to the monthly subscription there are fees - usually $500 that re.com.au charge per property to list it, then charge it again to keep the listing on page 1.

    Charges can be upwards of $2000 to keep properties on page 1 with boarders around them etc so they can stand out.

    The fees for subscription are always increasing and the benefits recieved for the fees are going down.

    We used to get 5 feature listings for free then we got a call saying prices will go up and you get nothing for free ....

    No other business can get away with that.
    BUT - 90 % of our lead generation comes from that website so the benefits still outweigh the fees!
     
  5. Aque

    Aque New Member

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    Location:
    Brisbane
    Thanks for all your comments
     
    Xenia likes this.
  6. D.T.

    D.T. Adelaide Property Manager Business Member

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    Adelaide, SA
    Worth noting that each suburb has a different charge too. And rental listings are less than sales listings. The actual numbers depend on what level subscription they're on.

    The joys of monopoly? We should start using another and see if they bring their fees down to compete!
     
  7. Scott No Mates

    Scott No Mates Well-Known Member

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    Try duopoly. You can always use the newspapers. Oh! That's right, they own them too!.