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LocalAgentFinder/OpenAgent/etc

Discussion in 'The Buying & Selling Process' started by Jennifer Duke, 29th Sep, 2016.

  1. Jennifer Duke

    Jennifer Duke Well-Known Member

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    23rd Oct, 2015
    Posts:
    346
    Location:
    NSW » Sydney
    Hey guys,

    I'm writing a story for Domain (yep, another one). I'm looking to find out whether anyone used those agent comparison sites e.g. LocalAgentFinder and your experiences. Looking for a user view (e.g. seller or investor choosing a property manager) as opposed to an agent themselves at the moment.

    Hoping to chat for the piece. [email protected] ...

    Let me know :)
     
  2. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    Location:
    Melbourne, Nationwide
    Jennifer it would interesting to ask how much agents pay to appear on these sites, or if they pay per lead. How the site is funded?

    The most successful service providers don't appear on comparison sites because (1) they don't need to pay for leads and (2) they generate so much business through referrals that they don't waste time on people who are shopping them and 5 others.
     
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  3. Jasmine

    Jasmine Well-Known Member

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    Location:
    Melb
    Also, consider an article regarding the new player Purple Bricks and user experiences with them.
     
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  4. Big Will

    Big Will Well-Known Member

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    Location:
    Melbourne, Australia
    IIRC they take a 0.5% commission of the total sale price.

    So on a 500,000 sale they take $2,500 from the REA, now either the REA takes the hit or they increase their rate to absorb it.
     
  5. Jennifer Duke

    Jennifer Duke Well-Known Member

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    Location:
    NSW » Sydney
    I'm looking into all of this :)
     
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  6. Jennifer Duke

    Jennifer Duke Well-Known Member

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    Location:
    NSW » Sydney
    For OpenAgent it's 20pc of the commission.
     
  7. D.T.

    D.T. Specialist Property Manager Business Member

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    13th Jun, 2015
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    Location:
    Adelaide, SA
    For rentals, they take 1 weeks rent.
    Very much this :)
     
  8. Agent30yrs.

    Agent30yrs. Well-Known Member

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    19th Jun, 2015
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    Location:
    Brisbane
    Hi Jennifer, here is a recent post of mine FYI

    Local Agent Finder or Local Agent Failure
     
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