Rightmove Building Auction Function for Agents

February 15, 2021
Share this Post: 

Rightmove has announced that it is building a feature that will allow agents to offer vendors the option to sell via the modern method of auction. The British portal is currently working with auctions software provider iamsold to build out the new functionality which will be integrated into the website on property listings.

Rightmove customers who are already registered with iamsold will automatically have the information around MMoA on their listings along with information around the latest bids for each listing fed onto Rightmove's listing page via an API. For those who are not already working with iamsold, they will be offered the chance to do so to expand their options for sellers.

Rightmove’s agency director Dave Anderson told British agency publication Property Industry Eye:

“We want to help give agents more choice to offer their clients, where they think this method would suit their sellers’ needs. We’re excited to be working with iamsold as our first auction provider for this feature and hope that by differentiating these listings on site it will help educate buyers and sellers about the Modern Method of Auction, so that they know there are different purchasing and selling routes available to them from agents."

There has been renewed outrage among agents recently as news filters through the industry that Rightmove is once again raising the prices of its listing packages. The justification from the portal giant has been that it is improving its offering and adding more tools for agents to sell their properties with today's announcement being one such tool.

Rightmove is not the first property portal to look to auctions on its platform. Several auction functionality providers have sprung up in the last few years, and Zoopla signed a similar deal with iamsold back in July 2020.

 

 

February 15, 2021
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Shutterstock 181374380
Slashed Costs and Net Loss Improvement for FangDD in 2022 - But Will it be Enough For Struggling Chinese Portal?

The Chinese real estate marketplace and transaction platform company FangDD has reported on its performance for Q4 of 2022. Notable...

Read More
Zillow And Opendoor
Zillow and Opendoor Further Extend Their Partnership into 3 New Markets

US giant Zillow and Opendoor have expanded their home sales partnership into three new markets. The new markets are Houston,...

Read More
Ke Holdings Decoration
Chinese Leader KE Holdings Sees Net Losses Widen to $203m in 2022 As It Goes "from high-speed to high quality growth"

Leading Chinese real estate brokerage and portal company KE Holdings (aka Beike) has released a report on its performance for...

Read More
Property Finder Boardroom
PropertyFinder hires Frode Nordseth as VP of Product

Dubai-based marketplace Property Finder has hired Frode Nordseth as its new VP of Product. He announced his new role in...

Read More

Editor's Pick