Openn Negotiation reaches $100 Million Milestone

Openn Negotiation reaches $100 Million Milestone

At the close of 2017, we are proud to announce that Openn Negotiation has assisted buyers, sellers and real estate agents sell an amazing $100 million worth of properties, after only launching in Western Australia in April.

Last September alone, in the slowest property market in the country, 4 properties with 4 different agents sold for over $6 million in less than two hours using Openn Negotiation. Three of these agents are in the Top 10 of WA!

This is quite the landmark achievement, and we expect these numbers to increase significantly when we roll out across the rest of Australia this year. Hundreds of Agents have already signed up, and the amount of listings every month is growing exponentially. Peter Clements, Founder of Openn and Director of Mint Real Estate said, “it goes to show that the market is really beginning to recognise the need for transparency in property transactions. Openn Negotiation gives them this.”

Peter was presented with the Residential Agent of the Year 2017 Award by REIWA and has sold 30 properties via the Openn Negotiation App over the last few months alone.

"It goes to show that the market is really beginning to recognise the need for transparency in property transactions. Openn Negotiation gives them this."

Until now, buying and selling real estate has been limited to traditional processes, many of which don’t encourage sufficient competition or provide clear information, leaving buyers and sellers confused and frustrated. This was creating a negative public perception for real estate agents. However, Openn Negotiation is a revolutionary new way that combines the best aspects of private treaty, auction, expression of interest and end date sale into one fair and open process.

“We’re just glad we can facilitate a better way to bring buyers, sellers and Real Estate agents together,” said Founder Brad Glover. “After all, that’s what it’s all about.” Openn Negotiation has been created by agents, for agents, to help them achieve optimum results for their clients in the quickest possible time.

“It’s no surprise that agents, sellers and buyers alike are embracing this,” said Jonathan Marlow, General Manager of Xceed Real Estate. “It’s what the industry needs after years of distrust. It’s effective and leaves all parties feeling confident about the sale.” We thank everyone for their support in achieving this amazing milestone, and look forward to an even bigger year in 2018.