Open Property Listings?

Discussion in 'PropertyChat Community & Website' started by Simon Hampel, 25th Jun, 2015.

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Do you think a property listing function might be useful on PropertyChat?

Poll closed 25th Jul, 2015.

  1. Yes

    25 vote(s)
    80.6%

  2. No

    0 vote(s)
    0.0%

  3. Undecided

    6 vote(s)
    19.4%
  1. Simon Hampel

    Simon Hampel Founder Staff Member

    Joined:
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    Sydney
    In my original business plan for PropertyChat, I considered the idea of adding a property listings section to this site where people could list properties for sale (either FSBO or linking to a property marketed elsewhere by an agent) - obviously for property targeted at the investor market.

    It wouldn't be a free-for-all, there would likely be a small cost to list a property (or perhaps free for premium members?) - haven't decided on the exact model yet.

    It would be a dedicated section of the site, so listings won't appear as regular threads and clutter up the forums.

    It's not something that will get built in the short term - quite a lot of work involved to get it set up in a useful way.

    Any thoughts or ideas?
     
    Simon Hampel, 25th Jun, 2015
    #1
    Chrispy and oracle like this.
  2. Depreciator

    Depreciator Well-Known Member

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    I think it's a good idea - to offer it and to charge for it.
     
    Depreciator, 25th Jun, 2015
    #2
  3. willair

    willair Well-Known Member Premium Member

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    Very good idea,and something that could be built on in a way with a good revenue growth rate
    that could happen very quickly,good luck..
     
    willair, 25th Jun, 2015
    #3
  4. Rixter

    Rixter Well-Known Member

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    Sounds a worthy plan Sim..
     
    Rixter, 25th Jun, 2015
    #4
  5. Jerry O

    Jerry O Well-Known Member

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    I like the idea Sim.. ;)
     
    Jerry O, 25th Jun, 2015
    #5
  6. oracle

    oracle Well-Known Member

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    Go for it Sim!

    Cheers,
    Oracle.
     
    oracle, 25th Jun, 2015
    #6
  7. KMD

    KMD Well-Known Member

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    Melbourne
    Sounds great Sim.
     
    KMD, 25th Jun, 2015
    #7
  8. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    Sounds good - especially if it appears in a dedicated section.

    Cheers

    Jamie
     
    Jamie Moore, 25th Jun, 2015
    #8
  9. wombat777

    wombat777 Well-Known Member

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    Good idea. Query - are there any regulatory issues you need to navigate?
     
    wombat777, 25th Jun, 2015
    #9
  10. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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    I like the idea. If people are going to have to pay for it, then it needs to be a place to list the property, not necessarily a place for members to critique the property.

    The "Caveat Emptor" section on Somersoft wasn't a bad idea, but any property listed on there immediately received feedback from the point of view of the potential investor. Essentially the purchaser (investor) wants to buy the property for as little as possible; is there anyone here that doesn't want a bargain? Certainly some feedback might be valid, but the objective wasn't to get the highest price for the property.

    If people have to pay to list their property, then they have a reasonable expectation for their interests to be represented, which is to sell the property for the best possible price. The very nature of this community is in conflict with this.

    The idea of listing properties here for a quick sale and to give members assess to sales before they're listed in the wider market is a good thing, but feedback needs to be restricted, moderated or simply not allowed, to appropriately represent the interests of the person paying for the listing, which would probably be the seller.
     
    Last edited: 25th Jun, 2015
    Peter_Tersteeg, 25th Jun, 2015
    #10
    bob shovel, Beelzebub and devank like this.
  11. Banjorellie

    Banjorellie Member

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    Perth
    This seems fair - I think if you paid a fee to make a listing you would want to avoid people commenting on your property for whatever reason which could artificially affect the price (not always for the better :eek: ). You could always allow private messaging for the post.
     
    Banjorellie, 25th Jun, 2015
    #11
  12. Simon Hampel

    Simon Hampel Founder Staff Member

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    Agree - Caveat Emptor on Somersoft was a very different approach and was never intended to be somewhere for people to list properties for sale - indeed, if there was no discussion about the deal, the post was actually against the forum rules.

    I'm more looking at a more traditional listing service - perhaps with "likes" as the only real feedback mechanism.
     
    Simon Hampel, 25th Jun, 2015
    #12
    Peter_Tersteeg likes this.
  13. Gaby

    Gaby Well-Known Member

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    Yes sounds like a good idea, can give other members a heads up and help out the seller at the same time (Y)
     
    Gaby, 25th Jun, 2015
    #13
  14. devank

    devank Well-Known Member

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    That is what exactly I was thinking but didn't know how to put it in a diplomatic language.
    Everyone here would look for 'value'. If it is a good value then not many investors sell them. If I'm selling, I want to sell a property then I want to sell to a person who would buy with their emotion not with their brain :)
    Most likely OTP or H&L packages will be marketed. Not sure if it would lead to some sort of 'conflict of interest' down the line.

     
    Last edited: 25th Jun, 2015
    devank, 25th Jun, 2015
    #14
  15. Chrispy

    Chrispy Well-Known Member

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    Location:
    Melbourne
    A real estate section would be great. Not for comment but simply for sale or lease. We pay to advertise elsewhere so why not include it here now that we can.
     
    Chrispy, 25th Jun, 2015
    #15
  16. geoffw

    geoffw Moderator Staff Member

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    Newcastle
    I wouldn't like it to be a full on real estate listing service though, used by agents to list heaps of properties. Although that would be fine for the business in the short term, it would lead to a cluttered section full of listings nobody reads. Perhaps a quota for a user would limit this.
     
    geoffw, 25th Jun, 2015
    #16