propertyfinder.ae, the leading property portal for the United Arab Emirates, has just released a feature that allows users to submit price proposals on listings.
propertyfinder.ae says the new “make an offer” tool is aimed at eliminating the haggling and time involved in buying or leasing a property. The portal has noticed a tendency for some properties to receive a great deal of traffic but few enquiries while others see high turnover, which it attributes to more realistic pricing.
“Most people residing in the UAE pretty much know where they want to live coupled with how much they can afford,” propertyfinder.ae explained in an email to users. “Once this has been narrowed down, the games begin. Both browsers and brokers have their share of frustrating stories that make initial encounters suspicious.”
Now, propertyfinder.ae users can click a button next to the agent’s asking price and submit the amount they are willing to pay. The agent can then consider this offer, however propertyfinder.ae emphasises that bids placed through the “make and offer” tool are not binding in any way.
propertyfinder.ae was part of REA Group’s portfolio until REA sold its 51 percent stake to Swiss Media Group. The portal powers the real estate sections of major websites such as MSN Arabia and Yahoo! community and news portal maktoob.com.