Making Private Sales Simple

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Hekktor

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Topic # 235937 10-May-2018 13:32

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Hi Guys,

Just launched a new website - https://listed.co.nz/

Check us out and let me know any problems or issues you see. I am waiting on my Adsense account to be approved.. anyone know how long that can take?

From our about page:

"We simplify the process of selling and buying real estate privately. We automate many of the time consuming and manual tasks associated with a private sales and bring all the tools and services you may need together in one place.. saving you time and money by using our potential buying power to get you best deal possible! Check out the “How We work for Sellers” and “How we work for Buyers” for more detailed information."

P.s. I am working on getting qoutes for an explainer video.. anyone got any recommendations for that here?

Cheers,

Ryan

eracode

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Reply # 2013597 10-May-2018 21:08

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Great idea and best wishes with this.

I’m sure you are aware that if a property is sold without a Real Estate Agent being involved (i.e. by Private Treaty), any bank lending against the property will require a Registered Valuer’s Report to confirm the market value of the property. The cost of the Valuation will be borne by the borrower - still way cheaper than Agent’s commission but a bit of a hassle nonetheless.

networkn

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Reply # 2013600 10-May-2018 21:12

Hi, and Welcome. Fiverr.com is a decent place to find people for that stuff.

muppet

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Reply # 2013604 10-May-2018 21:15

I was very disappointed when I did "curl -I https://listed.co.nz" and was not greeted with some sort of witty X-header.

Hekktor

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Reply # 2013641 10-May-2018 21:39

muppet:

I was very disappointed when I did "curl -I https://listed.co.nz" and was not greeted with some sort of witty X-header.

Sorry to disappoint you.. I'll fire my developer!

Hekktor

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Reply # 2013642 10-May-2018 21:40

networkn:

Hi, and Welcome. Fiverr.com is a decent place to find people for that stuff.

I have used them for a logo a few years ago. Do they do explainers for $5? seems cheap! lol

Hekktor

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Reply # 2013649 10-May-2018 21:49

eracode: Great idea and best wishes with this.

I’m sure you are aware that if a property is sold without a Real Estate Agent being involved (i.e. by Private Treaty), any bank lending against the property will require a Registered Valuer’s Report to confirm the market value of the property. The cost of the Valuation will be borne by the borrower - still way cheaper than Agent’s commission but a bit of a hassle nonetheless.

While not yet available on the site we have a relationship with an (almost) nation wide valuation company that services pretty much all major banks and lenders. Any required valuations will be able to be ordered via our site which is where we will make a small fee providing such services (as most of the site is free otherwise). We feel by offering a basic level of our services for free we will earn our customers loyalty and in return they will want to support us buy purchasing there services through us at no extra cost to them anyway..

With regards to that burden falling on the buyer in a private sale... not really an issue for us as if the seller is wanting to sell privately their not going to switch to an agent just for a buyer, and if the buyer wants a house.. they will do what they need to and they can negotiate that cost in with their price.

But thanks very much, I was aware but I like to be tested. Please keep the questions coming as its a great way for me to flesh out any other areas I have not addressed.

Ryan

Wheelbarrow01

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Reply # 2013877 11-May-2018 10:36

Hekktor:

eracode: Great idea and best wishes with this.

I’m sure you are aware that if a property is sold without a Real Estate Agent being involved (i.e. by Private Treaty), any bank lending against the property will require a Registered Valuer’s Report to confirm the market value of the property. The cost of the Valuation will be borne by the borrower - still way cheaper than Agent’s commission but a bit of a hassle nonetheless.

While not yet available on the site we have a relationship with an (almost) nation wide valuation company that services pretty much all major banks and lenders. Any required valuations will be able to be ordered via our site which is where we will make a small fee providing such services (as most of the site is free otherwise). We feel by offering a basic level of our services for free we will earn our customers loyalty and in return they will want to support us buy purchasing there services through us at no extra cost to them anyway..

With regards to that burden falling on the buyer in a private sale... not really an issue for us as if the seller is wanting to sell privately their not going to switch to an agent just for a buyer, and if the buyer wants a house.. they will do what they need to and they can negotiate that cost in with their price.

But thanks very much, I was aware but I like to be tested. Please keep the questions coming as its a great way for me to flesh out any other areas I have not addressed.

Ryan

I am not sure about now, but a few years ago, many banks were not giving their loan applicants an option on which valuer to use. Core Logic pretty much had a stranglehold on the entire valuation business. I know that both ANZ and BNZ insisted to me that I could not use my own valuer - I had to go through Core Logic who organised a local valuer at random to complete the valuation, and I was not allowed to know in advance who the valuer was. This eliminated the risk to the bank of the customer tainting or influencing the outcome of the valuation. While I agree in principle, it cost me double what my own valuer was charging.

If the state of affairs I have described above is still in effect, and the valuation company you have a relationship with is not Core Logic, then I suspect many of the banks will not accept valuations from that company for mortgage purposes. Of course as I say, things may have relaxed on that front since, as this was 2015 at the height of the buying frenzy.

Hekktor

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Reply # 2013905 11-May-2018 11:22

Wheelbarrow01:

Hekktor:

eracode: Great idea and best wishes with this.

I’m sure you are aware that if a property is sold without a Real Estate Agent being involved (i.e. by Private Treaty), any bank lending against the property will require a Registered Valuer’s Report to confirm the market value of the property. The cost of the Valuation will be borne by the borrower - still way cheaper than Agent’s commission but a bit of a hassle nonetheless.

While not yet available on the site we have a relationship with an (almost) nation wide valuation company that services pretty much all major banks and lenders. Any required valuations will be able to be ordered via our site which is where we will make a small fee providing such services (as most of the site is free otherwise). We feel by offering a basic level of our services for free we will earn our customers loyalty and in return they will want to support us buy purchasing there services through us at no extra cost to them anyway..

With regards to that burden falling on the buyer in a private sale... not really an issue for us as if the seller is wanting to sell privately their not going to switch to an agent just for a buyer, and if the buyer wants a house.. they will do what they need to and they can negotiate that cost in with their price.

But thanks very much, I was aware but I like to be tested. Please keep the questions coming as its a great way for me to flesh out any other areas I have not addressed.

Ryan

I am not sure about now, but a few years ago, many banks were not giving their loan applicants an option on which valuer to use. Core Logic pretty much had a stranglehold on the entire valuation business. I know that both ANZ and BNZ insisted to me that I could not use my own valuer - I had to go through Core Logic who organised a local valuer at random to complete the valuation, and I was not allowed to know in advance who the valuer was. This eliminated the risk to the bank of the customer tainting or influencing the outcome of the valuation. While I agree in principle, it cost me double what my own valuer was charging.

If the state of affairs I have described above is still in effect, and the valuation company you have a relationship with is not Core Logic, then I suspect many of the banks will not accept valuations from that company for mortgage purposes. Of course as I say, things may have relaxed on that front since, as this was 2015 at the height of the buying frenzy.

Thanks again. I will check with our mortgage broker on this as well as the valuation company, however as I understand it the valuation company has a very good relationship with the banks and didn't seem to think it would be an issue when we discussed this last time. This is starting to sound a lot like what has been in the news.. Aussy owned banks playing dirty tricks to get money out of us. I wonder if this should be part of the banking review that needs to happen? If its not still being practiced now I would think it definitely should be part of the review and potential have banks forces to pay back everyone who had to pay 2 x times what the normal valuation would cost.. that seems like price fixing and surely breaks some law out there.

FYI - The idea behind offering our platform for free is that we will build a big user base, then use that buying power to get special deals for everyone. I hope that in time we will build a relationship through our brokers with banks to get buyers through our platform mortgage deals etc.. If I am successful at my quest.. maybe I can help prevent these dirty deals from happening in the future!

Power to the people! haha

dt

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Reply # 2013954 11-May-2018 11:33

are you compressing the image quality of the listings pictures? all the listings photos appear to be quite pixelated?

If you are my feedback would be to reduce the compression a bit to give a bit of a nicer photo to look at

Other than that great idea and good on you, I hope to see you on the news being a booming success :)

Wheelbarrow01

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Reply # 2013977 11-May-2018 12:11

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I see Adsense is definitely working for someone today....

Hekktor

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Reply # 2013992 11-May-2018 12:44

@WheelBarrow01

Lol!! That's amazing.. Glad I am a subscriber so I don't see that! Personally I am not a fan of their colour choice.. nor their misleading "How much is your property worth?" search bar that actually takes you to a core logic plugin...