To aid real-estate brokers in their plight amid the coronavirus disease 2019 (Covid-19) crisis, Lamudi offers them to upload on its portal up to 50 ready-for-occupancy (RFO) and rental listings for free until June 30.
This initiative will help the sellers, especially those who have lost the means to spend on a Lamudi subscription, get enough exposure for their properties to be seen by potential buyers and investors online.
In a survey conducted by Lamudi, brokers and agents bared various problems they experienced during the enhanced community quarantine, including difficulties in conducting trippings and experiencing a slowdown in leads.
Such initiative helps them, especially with the latter, allowing property seekers to see their listings when they search online.
Early in May, the demand on such real-estate platform has already recovered 100 percent. With this development, this offering is expected to enable brokers market their listings on this channel that enjoys 1.5 million monthly site visits.
On the other hand, it will allow them to catch high-quality leads from the Philippines and overseas, which will aid in their recovery during the lockdowns.
Since this promo is open for everyone, it also levels the playing field because even new and starting brokers can enlist in the platform where established players are.
To avail this so-called Modified Enhanced Listing Offer, brokers simply need to log in to their Lamudi account or register with a valid e-mail address. Then, they can already start uploading their properties.
Established in 2013, Lamudi is now a popular brand and well-established player globally, particularly in the Philippines, Indonesia and Mexico.
The portal’s estimated consolidated real-estate transactions in these three markets with a combined population of nearly half a billion people, is $55.1 billion annually.
Together, they have a potential commission pool of over $2.3 billion for real-estate professionals.
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