As digital platforms and online portals become more sophisticated, the relationship between sellers, agents, and buyers have shifted as well… But to what degree? 

How are buyers’ data and information being treated in the online space? Is your privacy as a buyer compromised? Should you consider buying property in an online portal? 

Today, we are joined by Simon Hope, General Manager of Product for Residential at REA Group, to help us understand the nuts and bolts of search engines, online property portals, data collection, and loads more! 

If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!

See you in the episode!

 

Episode Highlights:
REA’s grand vision [02:10] 
Are real estate agents creating friction between buyers and sellers? [05:35]
The property pricing problem with agents [08:11] 
How REA is addressing real estate pricing and trust issues [11:30]
What information do online platforms collect from buyers? [14:07]
How REA helps agents and buyers [18:06]
The shifting conditions of online privacy and behaviour [21:23]
Who owns the data buyers enter in online portals?  [23:52]
REA’s answer to cybercrime and off market sales [26:44]
Buying property on vs off portal [32:00]
Will online portals replace real estate agents in the future? [37:27]
REA’s plans on domestic market expansion [38:49]
Navigating and embracing innovative property solutions [43:37]
Should there be concerns over the amount of data online portals hold? [47:01]

 

Links from the Show:
REA News: Vendors selling their homes off-market could be costing themselves plenty
REA Website

 

Connect with Us:
Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
Work with Veronica: https://linktr.ee/veronicamorgan
Looking for a Mortgage Broker? www.wealthful.com.au
Work with Chris: hello@wealthful.com.au 
Send in your questions to: questions@theelephantintheroom.com.au
 

Find this episode on our website:
https://www.theelephantintheroom.com.au/podcasts/221 



If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!

As digital platforms and online portals become more sophisticated, the relationship between sellers, agents, and buyers have shifted as well&hellip; But to what degree?&nbsp;
How are buyers&rsquo; data and information being treated in the online space? Is your privacy as a buyer compromised? Should you consider buying property in an online portal?&nbsp;
Today, we are joined by Simon Hope, General Manager of Product for Residential at REA Group, to help us understand the nuts and bolts of search engines, online property portals, data collection, and loads more!&nbsp;
If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at <a href="mailto:questions@theelephantintheroom.com.au">questions@theelephantintheroom.com.au</a>!
See you in the episode!
&nbsp;
Episode Highlights:
<ol>
<li aria-level="1">REA&rsquo;s grand vision [02:10]&nbsp;</li>
<li aria-level="1">Are real estate agents creating friction between buyers and sellers? [05:35]</li>
<li aria-level="1">The property pricing problem with agents [08:11]&nbsp;</li>
<li aria-level="1">How REA is addressing real estate pricing and trust issues [11:30]</li>
<li aria-level="1">What information do online platforms collect from buyers? [14:07]</li>
<li aria-level="1">How REA helps agents and buyers [18:06]</li>
<li aria-level="1">The shifting conditions of online privacy and behaviour [21:23]</li>
<li aria-level="1">Who owns the data buyers enter in online portals? &nbsp;[23:52]</li>
<li aria-level="1">REA&rsquo;s answer to cybercrime and off market sales [26:44]</li>
<li aria-level="1">Buying property on vs off portal [32:00]</li>
<ol>
<li aria-level="2">Will online portals replace real estate agents in the future? [37:27]</li>
</ol>
<li aria-level="1">REA&rsquo;s plans on domestic market expansion [38:49]</li>
<li aria-level="1">Navigating and embracing innovative property solutions [43:37]</li>
<li aria-level="1">Should there be concerns over the amount of data online portals hold? [47:01]</li>
</ol>
&nbsp;
Links from the Show:
<ul>
<li aria-level="1"><a href="https://www.realestate.com.au/news/sellers-gamble-profits-by-selling-offmarket/">REA News: Vendors selling their homes off-market could be costing themselves plenty</a></li>
<li aria-level="1"><a href="https://www.realestate.com.au/">REA Website</a></li>
</ul>
&nbsp;
Connect with Us:
<ul>
<li aria-level="1">Looking for a Sydney Buyers Agent? <a href="http://www.gooddeeds.com.au/">www.gooddeeds.com.au</a></li>
<li aria-level="1">Work with Veronica: <a href="https://linktr.ee/veronicamorgan">https://linktr.ee/veronicamorgan</a></li>
<li aria-level="1">Looking for a Mortgage Broker? <a href="https://www.wealthful.com.au/">www.wealthful.com.au</a></li>
<li aria-level="1">Work with Chris: <a href="mailto:hello@wealthful.com.au">hello@wealthful.com.au</a>&nbsp;</li>
<li aria-level="1">Send in your questions to: <a href="mailto:questions@theelephantintheroom.com.au">questions@theelephantintheroom.com.au</a> &nbsp;</li>
</ul>
Find this episode on our website: <a href="https://www.theelephantintheroom.com.au/podcasts/221">https://www.theelephantintheroom.com.au/podcasts/221</a>&nbsp; 
If you&rsquo;ve enjoyed this episode, don&rsquo;t forget to like, share, rate and subscribe for more!

Who's really in control when you buy a property?

The Elephant In The Room is where the things that no one wants to talk about, actually get talked about.  

Veronica Morgan, real estate agent, buyers agent and co-host of Foxtel’s Location Location Location Australia & Chris Bates, financial planner, mortgage broker and wealth coach have joined forces to find out what’s really going on in the world of real estate.

Veronica and Chris talk to property owners and buyers every day in their respective lines of business. They’ve observed a wide spectrum of confidence in people’s decision making ability when buying and selling property, often to the detriment of the individuals concerned. They are both fascinated by consumer behaviour and together they’re going to uncover who’s really making the decisions when you buy a property.

In each episode they get into the psyche of buyers, agents, auctioneers and other industry experts to learn the truth about how buyers are influenced and why they do the things they do. In every episode you’ll learn from the mistakes of a “property dumbo” as well as Chris & Veronica’s “elephant rider bootcamp” training session.

The plan? This property podcast has been created to help us all make better property decisions!

We talk about the things no one wants to talk about in the Property Market

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