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Will competition in the online estate agent market reduce costs?

Nicholas Wallwork

Nicholas Wallwork

Editor-in-Chief
Staff member
Premium Member
If there is one industry which was very quick to recognise the potential of the Internet it was the property/real estate market. When it became obvious that the Internet was here to stay, that it would be in homes around the world in a relatively short space of time and in theory it was cost [...]

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S

samanthaflax02

Banned
Upto an extent online estate agent market reduce costs because of this competition.
 
T

totallyproperty

Administrator
Staff member
Do you think that online estate agent cost savings impact the quality of the service you receive?
 
D

dasimond

Member
Well, it depends on the portal that offer such services. Some establish portal can be so greedy knowing they are the most popular in the market.

They actually forgotten that it is the same agent that supported them when they just start up and is the same agent that make it popular.
 
L

Longterminvestor

Administrator
The move to a greater online presence is natural in the current business environment and will reduce costs. However, the property market is very different to any other investment market because customers will still want to visit properties, talk face-to-face with estate agents and seek advice. At the end of the day you get what you pay for, if you pay buttons for a no-frills service then there are risks involved or you can pay a little extra for a more comprehensive service.
 
G

George Gonzales

New Member
Plenty of agents will also cut their fees by finding buyers without advertising your property.
 
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