Seen on eBay – the chance to buy a rental property listing on Rightmove for just £9.99, using PayPal.
The eBay advert is headed: “Landlords advertise your rental property on Rightmove today nationwide UK!!” and allows you to add as many purchases to your basket as you want.
The advert has been placed by Elite Property London which says that the £9.99 will buy a Rightmove listing until the property is rented, with all viewing requests handled, booked and confirmed, feedback from all viewings the next day, and a weekly Rightmove report emailed to the landlord.
The firm says it will also take references and finalise tenancy agreements.
Elite Property London adds: “We cover the whole of the UK and there are no hidden fees or commission to pay.”
After landlords have paid their £9.99 they send details, including pictures, of the property.
It is probably not a first, but what do you think?
Comments (13)
be going to get to go to
the store.” this weak verb construction includes a weak helping verb, a linking verb, a weak participle, and two weak infinitives. yet i see this stuff regularly in student writing.interesting single action verbs in past tense include: “he catapulted…
means visits per day. i’m not talking
about subscribers here, or social media followers. i’m talking about people who actually go and read something on that blog every day.you should now be able to imagine how powerful blogger outreach can be for exposure. if no one has ever
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moderate. sometimes you need to pm posters who aren't interacting in the way you want them to, and accept this might lead to losing a member, but if it helps for a better community overall, the loss of one might prevent
There needs to be a line drawn somewhere. If shelter have their way this company will quickly find themselves in hot water. We could say we can advertise a property for £9.99 if we are shrewd enough to charge the fees elsewhere but how does that promote and open and honest industry?
They are obviously insisting on getting the lucrative 'application fee' side of the business and making the money from the applicants. Not rocket science, most agents do the same by charging less and less for front end marketing now anyway.
Beano
Ward and Partners in Kent are charging buyers 2% plus VAT (min fee £2k) to buy, using 'sale by tender', presumably to list a property and charge no fees to the vendors in this low-stock market.
JM
Interesting, I notice sales agents doing similair via a kind of auction process where the buyer pays a fee. I guess its a natural consequence of the evolution of property supply and demand…. We are of course a country that continues to import vast numbers of new people to house, and its clearly having a knock on effect now.
Gosh – I don't think it will be long before rightmove or zoopla have a Ratner Jewellery moment.
£9.99 deal of the day: 1. a 6 piece bargain bucket from KFC, or 2. let your house out for £9.99 on RM.
Gosh £20 you culd do both, feed your kids and still have a few pence over.
So any agent with 10 properties to let a month it appears ebay and Elite might be a finger lickin good way to save £1,000's per year.
Wont be long before one of the major portals starts to offer £9.99 for anyone to upload a property either direct or via an agency. You can see it now….the costs page looking similar to e bay's cost page;
Basic small listing only £9.99
Subtitle Listing £14.99
Medium Listing (up to 3 internals) £34.99
Large Feature Listing (with up to 6 internals) £49.99
"The full english" EPC, Floorplan,upto 20 internals etc,etc £99.99
Add ons a plenty.eg…we can supply a field agent to do it for you for an extra £50.00, you can buy our e book "how to sell your property" only £4.99.
Of course the list could go on and on.
Flippin' 'eck Wilko – you have just published my business plan – who snitched?
JM
Interesting. I assume they must have permission from Rightmove as the Technical Guidelines & Data Quality Requirements which form part of an agents contract state:
21 Reselling of Rightmove services:
You warrant that You will not without Our written permission directly or, in Our opinion indirectly, sell on or provide access to the services and features of Your Membership to third parties
Commenting earlier today in propertyonthenet.com, Jonny Quick-Buck of the onlinepropertycompany.net said ;
"I'm livid, absolutely disgusted that any company can just set up on the web and claim to be able to charge such a low fee to offer to sell a property".
Jonny went on to say "our one off fee of £250+vat not only offers great value but is also the minimum amount we can charge our advertisers to ensure that I get my yacht at the end of the year, £9.99 will not even be enough to buy a toy boat. Not only does this new offering devalue the service that a traditional online agent offers but it also now means that anyone can simply set up a website claiming to allow people to advertise their property on rightmove for peanuts…we shall be taking this up with Miles Shipside at rightmove to ensure that these cheap "buy it now" companies are banned so that traditional online agency remains".
Miles Shipside was not available for comment.
In the end you normally gets what you pays for….