Openn reaches $200 million in property sales

It was just 18 months ago that a new ground-breaking way to buy and sell real estate was launched in WA. Today, over $3.2 billion worth of bids have been pledged through the platform and it has already reached sales over $200 million. Openn is changing the way the industry operates and the way the customers view us – for the better.

The brainchild of Peter Clements, Director of Mint Real Estate in Perth, Openn was developed to inject life back into a very sluggish WA market. So far, it has created a dramatic paradigm shift in the way buyers, sellers and agents view and navigate buying and selling.

Until now, we have been limited to traditional processes such as auctions and private treaty. These methods generate very little competition or transparency, leaving buyers and sellers confused and frustrated.

Openn offers a process that combines the best aspects of private treaty, auction, expression of interest and end date sale into one procedure that is trusted by all parties and easy to manage. And, importantly, the Openn method is resulting in average sale times of under 30 days.

Peter Clements, founder of Openn, said, “It goes to show that the market recognises the need for transparency in property transactions. Openn gives them this.”

An early adopter of the Openn Negotiation platform was Natalie Hatton of Ray White, who recently sold the 2/27 Leonora Street property that achieved the $200 million sales milestone. This is what Natalie had to say about Openn:

“In my almost 15 years in the industry, I’m loving the fact that the Openn process allows me the opportunity to build genuine relationships and really prove the value I bring to the table for both parties, whilst being open and transparent.”

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With most of the early sales coming from WA, where many agents are already using Openn, and with a growing number joining across Australia, Openn is fast gaining popularity as an alternative method available for achieving fantastic results.

Want to find out more? If you haven’t yet experienced the Openn process yourself, or would like to get a feel for the current market, why not sign up now and start observing!