MSE News: Why selling your home could get harder next week

agrinnall

Quizzical_Squirrel wrote: »

I bet this thread's contents disappointed a few readers after seeing that title!

Maybe, but it won't disappoint anyone who is used to the MSE team's complete overreaction to generally trivial news items.

someone

Seems very unethical, and hopefully backfire hugely on the estate agents joining. If I was right move I would double or triple listing fees for members of this cartel and give non members 50%-80% off giving a huge financial incentive to not join.

Reminds me of the catch 22 that MCX caused big retailers in the USA been unable to take Apple Pay

jamesd

Thrugelmir wrote: »

Where's this been copied from?

Most if it is copied from the Wikipedia page copy of EU law banning cartels, the parts within quotation marks. The rest is me explaining how it seems to apply here.

Thrugelmir wrote: »

Doesn't address the reasons behind my question either.

I addressed your question, If you want to write about your reasons for asking the question maybe someone would address those as well.

sinizterguy

After a week of settling in, this will make no difference.

The average house buyer couldn't give a !!!! whether they go and search of Rightmove and this website or Rightmove and Zoopla or even Rightmove, this new website and Zoopla.

People who want to buy will find a house they want and buy it if they can.

All this is doing is giving the new website more publicity.

When we were looking, we looked at the local agents web sites and obviously contacted them directly to register our particular interests and at Rightmove. Didn't bother with Zoopla - all it had was the same as Rightmove, but less of it.

stator

Stupidest thing I've heard in a long time. First question a seller will ask now:
Do you list on Rightmove and Zoopla?
No? Okay then, bye.
There will still be plenty of estate agents listing on both.
If I worked for a local estate agent I would be delighted. In fact I would be advertising on radio, newspapers. "Selling a house? We list on both Rightmove and Zoopla, the two most popular property websites. Ask your agent if they do".

SplanK

On Wednesday, we instructed a local EA to put our house on the market. Already aware of OTM, I asked them outright about it. He was very honest and explained the situation. I then asked which one they were dropping and again he advised it was Zoopla.


We have been keeping an eye on the market for some time now and are ready to make the move, but in the last 6 months we have been looking at RM only, occasionally using Zoopla to do some digging on property history, I was happy with this.


As of last night, my house is on their own website, as well as right move but not Zoopla. In less than 24hours later we already have 1 viewing booked. The only people who are going to get hurt in this are the smaller/less well known/used sites, it seems Rightmove charge quite high feels to allow EA's to advertise compared to Zoopla, but I can see Zoopla will be the one that's dropped by most. He suggested his business see's ~80% of their portal referrals come from Right move.

padington

It's the end of estate agents as we know them, if the interent does anything well, it squeezes the middle men hard.

6_6_6

"It will add much-needed competition in a market which has been dominated for too long by two large groups which are evidently not serving their estate and letting agents well enough. "
I wonder what part of anti-competitive doesn’t Ian Springett understand.

Definition
“Anti-competitive practices are business, government or religious practices that prevent or reduce competition in a market”

Ian Springett's grasp for the morel high ground, whilst alarmingly ironic, turns out to be more along the lines... well can't beat em don't join em, crush em. That's the spirit, good to see the estate agency industry living up to its obligations.

This doesn’t just disrupt the online market, it seeks to demolish it. This is desperate move by an increasingly irrelevant estate agent industry who, like the music industry, realise the days of their system of things - is coming to an end.

A desperate land grab, a direct attempt to introduce total chaos to what is otherwise becoming rather a fluid and pleasantly transparent endeavour, (that is the searching and finding part) and don’t they know it! Only a few more steps to go and they'll be out of business. People are increasingly seeing them for what they are, an unnecessary middleman, exploiting thousands for very little whist perverting the property industry. People are waking up and estate agents are bricking it (excuse the pun). The sheer efficiency and speed by which online operators are enabling consumers, is rendering them obsolete, so why can’t they die a graceful death? Isn't the world is a sick enough place without them!

So seeing themselves being pushed out, along with all their criminal underhanded trickery and dirty deeds, under the table deals and back scratching antics, this just represents yet another dirty scheme to thwart us. Here we see a nightmare unfold before our eyes, just as the water was becoming clear, this anti-competitive attempt doesn’t just hope to compete and muddy the waters, but dredge the living life out of it and tear us back into the estate agents arms, kicking and screaming.

First, this makes OnTheMarket mandatory by design, that is unless you’re not bothered about the inevitable next man and his 48hr head start on you, yea totally competitive! You do have to hand it to them, the experts in manufacturing false urgency that they are.

So you get to add them to your search endeavours, on face value that doesn’t seem too bad, if only it were that humble.

So, now we have a hostile estate agency industry driven website, OnTheMarket .com, with a temporal monopoly on your time, attention and dream house. Despite the first 48 hrs being the prime time for any online house sale these days, ergo, you wont need right move anymore, thusly, their traffic diminishes and eventually bye bye. The first strike advantage can now well and truly be exploited. They now have your undivided devotion so what weird and wonderful things can they do to achieve their goal which is, to maintain the reason for their existence and put a stop to vendors bypassing them with ever more efficient, cheaper, better and not to mention impartial means to sell your house, land etc (aka fair competition). Maintain their ability to pervert and steer the housing market where the secretive closed door elite lobbyists and [FONT=&quot]leaders [/FONT]in [FONT=&quot]Real Estate [/FONT]want it to be, such as continue to pander to foreign investment and inflate the property market to shore up our GDP, a way to fiddle the UK balance sheets so to speak and of course, continue to earn grossly disproportionate sums for often poor and little work ???

I wonder who can list the many ways in which this website could adversely test your patience, affect your range of choices, steer the direction and honesty of the search results, diminish impartiality and purposely offer reduced features and options for customized searches, and ultimately seek to undermine the kinds of great facilities and perhaps precedent right move and Zoopla [FONT=&quot]et al [FONT=&quot]have [/FONT][/FONT][FONT=&quot]brought you to expect[/FONT]. Ultimately enabling the estate agents grip on your assets for a long time to come ???

If ever came the day where you could take some photos, pop them on right move yourself and have an unbiased independent property valuation performed for under £100 , the housing market might just begin to regulate itself instead of being price fixed and artificially inflated by the manipulative and corrupt estate agency industry.

Heaven forbid, that day is now, the problem is, try telling that to your neighbour. I wonder if OnTheMarket .com will allow you? Rightmove do, zoopla do... Yes they will... go to an estate agent. I wonder how that benefits them?

I fear they will win this war and my heart truly goes out to the first time buyers. For that term will soon be consigned the history books, since no one will be able to buy there own home again, the way these evil scum are allowed to carry on. Dont even begin to mention the sick and bank undermining joke that is - the governments 'loan to pay off a loan' schemes !

In fact, you have to question the kind of lives our children will have as they grow up, living under the thumb of a landlord is all they have to look forward to. But I digress.:mad:

WeAreGhosts

As far as I can see, this benefits no one [apart from the people setting it up in the hope of cashing in]. unless i am missing something ...

jamesd

It also seems likely to benefit Rightmove by reducing the competition from smaller players, increasing its pricing power and presumably prices. That could make the smaller places non-viable, causing more people to have to go to physical estate agents.

In many ways this seems like a move designed to create a duopoly.