Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

TECH NEWS: Emerging online selling process hits $200m in sales

By Openn Negotiation
18 September 2018 | 1 minute read
180918 Openn Negotiation

Promoted by Openn Negotiation. 

Just 18 months ago a new ground-breaking way to sell and buy real estate was launched in Australia. Today, over $200m worth of property has been sold through the platform.

It was just 18 months ago that a new ground-breaking way to sell and buy real estate was launched in WA. Today, over $3.2 billion worth of bids have been pledged through the platform and it has already reached sales over $200 million. Called Openn Negotiation, it is changing the way the industry operates and the way the customers view us – for the better.

Openn Negotiation was the brainchild of Peter Clements, Director of Mint Real Estate in Perth. Developed to inject life back into a very sluggish WA market, it has created a dramatic paradigm shift in the way buyers, sellers and agents view and navigate buying and selling.

Until now, we have been limited to traditional processes such as Auctions and Private Treaty. These methods generate very little competition or transparency, leaving buyers and sellers confused and frustrated.

Now, Openn Negotiation offers a process that combines the best aspects of Private Treaty, Auction, Expression of Interest and End Date Sale into one open and transparent procedure that is trusted by all parties and is easy to manage. And, importantly, the Openn method is resulting in average sale times of under 30 days.

Peter Clements, the founder of Openn Negotiation said, “it goes to show that the market recognises the need for transparency in property transactions. Openn Negotiation gives them this.”

An early adopter of Openn Negotiation was Natalie Hatton of Ray White, who recently sold the 2/27 Leonora Streetproperty that achieved the $200 million sales milestone, and this is what Natalie says about Openn:

“In my almost 15 years in the industry, I’m loving the fact that the Openn process allows me the opportunity to build genuine relationships and really prove the value I bring to the table for both parties, whilst being open and transparent.”

With most of the early sales coming from WA, where many agents are already using Openn, and with a growing number joining across Australia, Openn Negotiation is fast gaining popularity as an alternative method available for achieving fantastic results.

If you would like to know more, visit our website at www.openn.com.au, or sign up for Openn Negotiation to become an Observer to see the process for yourself.

TECH NEWS: Emerging online selling process hits $200m in sales
180918 Openn Negotiation
lawyersweekly logo
Rankings
rankings
JUST RELEASED
May 09, 2022

REB Top 50 Women in Real Estate 2022

REB is thrilled to present the Top 50 Women in Real Estate 2022 ranking, which sets t ... LEARN MORE

rankings
JUST RELEASED
May 04, 2022

REB Top 100 Agents 2022

Now in its second decade, the REB Top 100 Agents 2022 rankings are the most revered s ... LEARN MORE

rankings
JUST RELEASED
May 02, 2022

REB Top 50 Agents NSW 2022

Even a pandemic has not put the brakes on the unstoppable property market in NSW, whi ... LEARN MORE

rankings
JUST RELEASED
April 27, 2022

REB Top 50 Agents VIC 2022

The COVID-19 crisis has not deterred the property market in Victoria, which has been ... LEARN MORE

rankings
JUST RELEASED
April 25, 2022

REB Top 50 Agents QLD 2022

As the property market continues to roar in Brisbane and Queensland, the REB Top 50 A ... LEARN MORE

Coming up

rankings rankings
Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.