Are Rightmove/Zoopla about to go out of business??
Discussion
Rightmove was set up by Halifax, Connells, Countrywide plc (who, you might say...they're the largest UK estate agency) and RSA...they're not going anywhere anytime soon.
As said, Zoopla are vulnerable but since OTM are forbidding the own home seller market I'd say they're on a hiding to nothing save for some of the more exclusive agencies.
Edit: Actually, sorry, that's what i said last night, just with the words in a different order.
As said, Zoopla are vulnerable but since OTM are forbidding the own home seller market I'd say they're on a hiding to nothing save for some of the more exclusive agencies.
Edit: Actually, sorry, that's what i said last night, just with the words in a different order.
Edited by DrTre on Tuesday 27th January 20:04
dave_s13 said:
Ah, I see what you are trying to do here...!!!
To be fair, the shiney suited pricks would do well to factor in a proportion of house valuation tourism into their over inflated fee structure.
Personally, I would have looked on rightmove/zoopla and gauged it from there (what I did when I sold mine) but the in-laws are a bit more old school. They may yet use a physical agent as they still throw rocks at the moon on occasion.
Ok so you looked at Zoopla and Rightmove? You presumably looked at properties being marketed on these sites? Who provides most of the properties on the sites? Ah that will be the "shiny suited pricks" then.To be fair, the shiney suited pricks would do well to factor in a proportion of house valuation tourism into their over inflated fee structure.
Personally, I would have looked on rightmove/zoopla and gauged it from there (what I did when I sold mine) but the in-laws are a bit more old school. They may yet use a physical agent as they still throw rocks at the moon on occasion.
So close down the "shiny suited pricks" overnight who now provides the valuations for the internet based companies so they know what price to suggest? Who provides the prices for the individuals selling?
Just looked on the website for the first time, within one mile radius of my postcode there is one house listed, its a populated area too!
On that basis I won't bother again, at least until its overtaken right move.
Just as a comparison, just done the same on right move and there is 48 houses within a mile.
On that basis I won't bother again, at least until its overtaken right move.
Just as a comparison, just done the same on right move and there is 48 houses within a mile.
sidekickdmr said:
Just looked on the website for the first time, within one mile radius of my postcode there is one house listed, its a populated area too!
On that basis I won't bother again, at least until its overtaken right move.
Just as a comparison, just done the same on right move and there is 48 houses within a mile.
Good idea. Ours:On that basis I won't bother again, at least until its overtaken right move.
Just as a comparison, just done the same on right move and there is 48 houses within a mile.
RM=75
OTM=21
Jimmyarm said:
All we need now is an aggregator website that pulls all the data from them so is poor folk looking don't have to check three websites 
There you are, start one up yourself.....never have to leave your laptop.Sell out in five years for £100m.
Retire to Florida....
(Beats working down the pit)
Wacky Racer said:
There you are, start one up yourself.....never have to leave your laptop.
Sell out in five years for £100m.
Retire to Florida....
(Beats working down the pit)
I'ne never checked to see if it exists, but always thought an app for this very purpose would be great.Sell out in five years for £100m.
Retire to Florida....
(Beats working down the pit)
Monitors all the sites and as soon as a property goes live within your search parameters it sends a push notification to your phone.
Lovely.
I was talking to an estate agent friend of mine today, he said OTM costs him £300 per month for as many listing as he needs, Rightmove costs him £1300 per month for exactly the same, so I can see why so many agents are using OTM. He did say up until now Rightmove was good value as he used to pay £800 per week to advertise in the newspapers.
Sounds about right..
It's about £1k per month per office here for RM, a bit less for Zoopla. Say £5k per month for both all in.
£400 per page in the local rag. We take 2/3 pages per week. Per office. Say £12k per month.
So, £17k per month for three offices just to advertise on portals and in the local papers.
OTM is a lot less a month, but I think there was a lump sum investment to become a member. Also, what is the cost of not being on one of the major portals? One less house sale through limited exposure could be £10,000's in fees.
In fact, looking at those costs I may have to put my fees up...
It's about £1k per month per office here for RM, a bit less for Zoopla. Say £5k per month for both all in.
£400 per page in the local rag. We take 2/3 pages per week. Per office. Say £12k per month.
So, £17k per month for three offices just to advertise on portals and in the local papers.
OTM is a lot less a month, but I think there was a lump sum investment to become a member. Also, what is the cost of not being on one of the major portals? One less house sale through limited exposure could be £10,000's in fees.
In fact, looking at those costs I may have to put my fees up...
Edited by FrankAbagnale on Monday 2nd February 17:16
FrankAbagnale said:
It must depend on the area. It's £400 per page, per week where I am (in the home counties.) Small town but with a very popular paper.
I think it will depend on the area, but I also rather suspect that the internet has severely damaged the local paper stranglehold on property advertising. No bad thing as they were sharks.hornetrider said:
sidekickdmr said:
Just looked on the website for the first time, within one mile radius of my postcode there is one house listed, its a populated area too!
On that basis I won't bother again, at least until its overtaken right move.
Just as a comparison, just done the same on right move and there is 48 houses within a mile.
Good idea. Ours:On that basis I won't bother again, at least until its overtaken right move.
Just as a comparison, just done the same on right move and there is 48 houses within a mile.
RM=75
OTM=21
RM = 96
OTM = 3
We're going through the process of putting our house on the market at the moment.
All the agents are promoting this new option, all seem to be dropping Zoopla.
O/T but how much would people expect to pay an agent to market a bog standard 3 bed semi in a popular area surrounded by loads of other 2/3 bed semis.
All vallued the house at an identical price 125k.
Prices ranged from 1% to 2200+VAT.
All the agents are promoting this new option, all seem to be dropping Zoopla.
O/T but how much would people expect to pay an agent to market a bog standard 3 bed semi in a popular area surrounded by loads of other 2/3 bed semis.
All vallued the house at an identical price 125k.
Prices ranged from 1% to 2200+VAT.
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