Ep. 72 - Empowering Buyers and Sellers with Knowledge: The Openn Negotiation Approach

Help Shape The HMO Property Show! Tell us what you love, what you'd change, and what topics you want next. Take our quick survey here: https://wkf.ms/419QNLa In this episode, Neil Gibb and Peter Gibbons discuss how a lack of transparency has traditionally undermined trust in the real estate industry. Our guest, Peter Gibbons from Openn Negotiation, explains how his company is addressing this issue through their innovative proptech platform. Openn Negotiation allows buyers and sellers to see live offers being made on a property as negotiations unfold. This level of transparency removes doubts about whether the best deal was secured. Buyers know they aren't overpaying, and sellers have peace of mind the buyer who values the property most has purchased it. Peter discusses how Openn Negotiation came to be after identifying the key issues buyers and sellers faced. He shares the journey from starting in WA to expanding internationally. Features like tenders and finance conditions make the process seamless. Data from transactions assists valuations and underwriting. Growth so far includes $10B in sales volume across 25,000+ properties. Future plans involve expanding into Asia and rentals. Peter's advice centers around genuinely solving problems and getting early market feedback. Transparency builds trust and leads to better outcomes for all parties. Openn Negotiation is transforming real estate through innovation that empowers buyers and sellers with knowledge. Key points: Openn Negotiation founder Peter Gibbons explains how their platform brings much-needed transparency to the property buying and selling process by allowing buyers and sellers to see live offers. This approach builds trust by removing doubts about whether the best offer was secured. Buyers and sellers are empowered with knowledge of the market value so they can make informed decisions. The platform leads to better outcomes for all parties by ensuring the buyer who values the property most secures it. Data captured also helps with bank valuations and underwriting by demonstrating market demand. Tune in to learn more about how Openn Negotiation is transforming the property buying and selling experience through transparency. We discuss their approach, growth so far, and plans to expand into new areas like rentals.  For more information, visit For those that prefer to watch you can also catch us on YouTube. Want help with your investment strategy? Reach out to us for a free, no-obligation initial chat with our team and see how we can help you with your investment journey. Book Now Join the Perth HMO and NDIS High Cashflow Investment Properties Facebook Group.   The HMO Property CoWebsite: www.thehmopropertyco.com Instagram: @the_hmo_property_co FaceBook: The HMO Property Co LinkedIn: The HMO Property Co YouTube: The HMO Property Co TikTok: thehmopropertyco_ Spotify: The HMO Property Show Apple Podcast: The HMO Property Show Living Rooms - https://livingrooms.com.au/ Disclaimer Nothing on this channel should be considered tax, financial, investment or any kind of advice. Everyone should do their own due diligence as only a professional diagnosis of your specific situation can determine which strategies are right for your situation. Our goal is to frequently feature edgy and actionable value, thought leadership and property/investment strategies.