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Estate Agent listings on private property

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4:18 pm
January 3, 2010


Peter-John

Guest

 
1

The reason why I liked the private property website was the  zero commission and it was an alternative to all the estate agents out there.

Allowing estate agent listings kind of moves away from what private property started out to achieve.


Just a thought…….

1:28 pm
January 15, 2010


Guy

Guest

 
2

Yeah Justin Clark

Fortunately for me, I did not give you the complete story so, though you are trying my idea (behind my back) you will not get it to succeed.

9:44 am
February 3, 2010


Barry

Guest

 
3

As an agent myself, I don't agree with the fact that agents can list their rentals on PRIVATE property's site. The website is called PRIVATE PROPERTY not AGENTS RENTALS. There are numerous sites for agents to utilize. Agents, please respect the owners space!

7:55 pm
February 18, 2010


salome

Guest

 
4

Peter-John said:

The reason why I liked the private property website was the  zero commission and it was an alternative to all the estate agents out there.

Allowing estate agent listings kind of moves away from what private property started out to achieve.


Just a thought…….


Hi i am an estate agent from Realnet Vereeniging, we tried Private Property last year and had a lot buyers asking why must they pay us commission when they can buy the property through the seller and cut out the Agent. My answer to the buyer was the following: We the Estate Agents do alot of work for the commission we get on the property, its not just about signing an offer to purchase its what happens after the offer is signed!!! We always get the short end of the stick as potential buyers see us as Sharks in the Market trying to make a quick buck. Its further than the truth, we work 24/7 7 days a week and still sometimes get stabbed in the back by buyers who go behind our back. Its time the  Estate Agent Unite and take back the market with a bang!!! The buyers out there are not aware that we as Estate Agents do not get a salary we work on a commission basis, and if a buyer goes and buys the house behind our back, he is taking away our bread and butter that help us feed our famillies which is not fair. I have started again to market my properties on Private Property and i am going to see how it goes this year. i have also built a good relationship with my sellers not to sell the property privately if a potential buyer tries to buy it behind my back. I as the Agent am pulling out all the stops to try and make it work for me this year. Hopefully i will have good success with private property as i have marketed it as a good tool for seller who are now gatvol of empty promises from other estate agents and of course overpricing of the property as welll.Smile

7:57 pm
February 18, 2010


salome

Guest

 
5

Barry said:As an agent myself, I don't agree with the fact that agents can list their rentals on PRIVATE property's site. The website is called PRIVATE PROPERTY not AGENTS RENTALS. There are numerous sites for agents to utilize. Agents, please respect the owners space!


I agree 100% it should be only used for Sales not rentals!!!ConfusedSmile

10:08 am
March 11, 2010


Jaco de Wet

Guest

 
6

Guy said:

Yeah Justin Clark

Fortunately for me, I did not give you the complete story so, though you are trying my idea (behind my back) you will not get it to succeed.



What are you on about dude? You can't even disclose your name (unless your name is really Guy), how do we even to begin figure out what you are talking about?

10:18 am
April 30, 2010


William

Guest

 
7

As far as I am concerned, I have no sympathy for agents.

Their commission is 8 or 10% irrespective of the selling price, and iiespective of the effort put in to sell a place.

In my opinion, this is a rip off. My take is that to sell a house for R50, 000.00 or 5,000,000.00 takes the same effort, give or take a few R1000.00. So the fee should be relevant.

If agents want to earn more because of some difficulty in marketing or unrealistic price required by the seller, they should keep record of their expenses and charge accordingly, with a 10% or 20% mark up.

Maybe Salome would like to elaborate on on "ALL THE WORK" agents do after signing the offer!

We all know what happens before signing an offer. a few ads, and a few trips to show the place or a show day. A little advice to sellers about making theplace marketable if required. What is the big deal?

Further to that, everyone can choose the type of work they want to do to earn a living, so don't come cry about sellers doing the best they can to benefit their own pocket. If the commissions weren't so exorbitant, they would be more "loyal" to the agent.

I find nothing wrong with everyone having access to Private Property. The terms are the same for everyone, and a buyer can choose to pay the commission or keep looking.

What I do find irritating about PP, is the free ads never used to be restricted, and now they are. Being able to place 1 ad every 60 days or what ever it is, has reduced the popularity of PP.


Good luck to all the "non whingers"ConfusedCoolCrySmile

10:36 am
June 2, 2010


Pat

Guest

 
8

I use PP a lot and I recently bought a property from a private individual and saved R60 000 in "commission" – the estate agents were marketing this property for R60 000 more than the buyer wanted. In effect the estate agents overprice a property or squeeze the seller so they walk away without any profit. In many cases the estate agent can make a deal unaffordable for the buyer. I have a number of properties and as a rule I dont work with estate agents as they are a rip off – an offer to purchase form costs R30 so please tell me were do all the other costs come from??? The rest of the work is done by attorneys. Most properties advertised by agents are shockingly poor in content – private sellers are more open to telling you about the property's exact size, location etc. If you phone agents they are very sketchy about knowlege of the properties they try to sell.

I prefer to do my own resreach on PP and other estate agent sites – the estate agents are normally at the upper limit of the asking price of a property – private sellers are in the middle to lower end.

Personally I think PP has gone backwards by allowing estate agents to bombard their website – PP were the first for the private seller/renter now there are a number of new sites that cater for the private seller/renter so PP will become just another estate agent property site which will be a pity because it really served the private seller/renter well in the past. 

7:52 pm
July 26, 2010


Max

Guest

 
9

Why are agents that top the list of IEASA North outdoor advertising transgressions permitted to advertise on PP?

They don't subscribe to the Code of Conduct and are a disgrace to the industry.

Do you screen agencies?


2:33 pm
September 28, 2010


Alice

Guest

 
10

It is a shame to me that this truly "private property" for sale by owner concept seems to have sold it's soul to the estate agents.   Why not rename/rebrand yourselves?… there is nothing "private" about these deals advertised on your website.  Are you not actually mis-representing yourselves to the market?

12:53 am
October 19, 2010


jabonmoce

Guest

 
11

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2:58 pm
October 23, 2010


Max

Guest

 
12

Max said:

Why are agents that top the list of IEASA North outdoor advertising transgressions permitted to advertise on PP?

They don't subscribe to the Code of Conduct and are a disgrace to the industry.

Do you screen agencies?



Unofficial answer was:

We – that is Private Property (PP) – provide an advertising medium for anybody, private or estate agent, to market property. PP can not police advertisers.


OK, that means that PP is prepared to lower their standards for the sake of making money regardless and pushing numbers. No need for anybody to subscribe to any Code of Conduct. If that is the case, put a warning on your site to that effect. Perhaps other sites will catch on with "All our advertisers subscribe to the Code of Conduct for Estate Agents" and publish a copy of the Code on their site.

Frown

5:16 pm
October 24, 2010


justinclarke

Admin

posts 6

 
13

Max said:

Max said:

Why are agents that top the list of IEASA North outdoor advertising transgressions permitted to advertise on PP?

They don't subscribe to the Code of Conduct and are a disgrace to the industry.

Do you screen agencies?



Unofficial answer was:

We – that is Private Property (PP) – provide an advertising medium for anybody, private or estate agent, to market property. PP can not police advertisers.


OK, that means that PP is prepared to lower their standards for the sake of making money regardless and pushing numbers. No need for anybody to subscribe to any Code of Conduct. If that is the case, put a warning on your site to that effect. Perhaps other sites will catch on with "All our advertisers subscribe to the Code of Conduct for Estate Agents" and publish a copy of the Code on their site.

Frown


Hi Max, it seems we did not get to respond to your comments immediately so please accept my apologies for that. We are an advertising portal and we accept advertisements from both Estate Agents and private sellers. We try to provide the BEST possible content for browsers, and every listing is moderated to ensure quality is acceptable. 

We are not a body to police estate agents and would have no way of knowing who is on what list. I assume these agents have fedility fund certificates and therefore the governing body, the EAAB still recognizes that they adhere to the code of conduct?

We do care about ensuring that agents adhere to the law of the land and would like to know if any advertisers have had their licenses revoked.

Thanks for your comments, we do read and monitor the commentary.

Justin Clarke for Private Property.

5:30 pm
October 24, 2010


justinclarke

Admin

posts 6

 
14

Alice said:It is a shame to me that this truly "private property" for sale by owner concept seems to have sold it's soul to the estate agents.   Why not rename/rebrand yourselves?… there is nothing "private" about these deals advertised on your website.  Are you not actually mis-representing yourselves to the market?


Hi Alice, Private Property has no tie to private selling, apart from that connection that we have made to private selling. In fact according to Wikipedia;

Private property is the right of persons and firms to obtain, own, control, employ, dispose of, and bequeath land, capital, and other forms of property.[1] Almost anything may be private property, such as, real estate, homes, furniture, appliances, computers, factories, automobiles, land, lakes, capital, patents, copyrights, and even pets.

In fact there are as many if not more private listings happening at a fraction of the cost that we used to charge private advertisers. But not only that Private advertisers benefit from the increased traffic that can be attributed to the additional stock that we now offer. 

We listened to what our audience wanted and they wanted more stock, and the estate agents have most of the available houses for sale, so it made so much sense. 

Thanks for your comment.

Regards

Justin Clarke for Private Property 



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