Agent Auction

Agent Auction announced:

AgentAuction empowers New Zealand vendors with a free tool to obtain competitive real estate agent commission quotes and home appraisals online.

At AgentAuction.co.nz home vendors can enter in their property address, see the top performing local agents and choose agents to offer them competitive commission quotes for their property.  CEO and co-founder Andreas Heuser says this is the first genuinely unbiased, free, real estate agent comparison service in New Zealand.

At the core of the website is an auction system. After submitting property details, AgentAuction facilitates an auction between up to five agents who submit “bids” of competitive commission quotes together with home appraisal assessments tailored to that property – all within three business days. Vendors just need to choose their favoured bidder with no obligation.

This seems a great initiative. I’d use it if I was selling.

AgentAuction is the brainchild of economist/lawyer Andreas Heuser and medical doctor Henry Milne. They are driven by a desire to improve outcomes for everyday consumers. CEO Andreas Heuser has a background in economic policy, law and finance, both in New Zealand and Europe, most recently at the New Zealand Treasury.

Heuser says “New Zealand consumers already make great use of comparison websites for power and gas and KiwiSaver. The power of price transparency and competition is enormous and we saw an obvious gap for real estate commissions.”

Again a very good initiative