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How Real Estate Auction-Style Selling Works

   

calendar pageFast selling and leasingAuction-Style Listing and Selling - Leasing Too

Auction-Style selling is much like a live auction except that there is no auctioneer and the bidding is done entirely online. Instead of all bidders having to gather at a specific location for a live auction, the bidding can be done from wherever the prospective buyers are.

Ask your real estate broker/agent to use this Website/Platform to sell your property faster. When you use this system, you don't have to determine the right price in advance. The market will determine the correct price for you.

Bloomberg Luxury reports: Australia turns to auctions as housing revives ...  home sellers in Australia are more likely to try them when the market is strengthening and there’s the prospect of higher prices. And it works in any type of market.

Below is how it works for selling your property on this platform. Timeline for selling is much faster than the traditional way. The closing process is the same as a traditional sale.

Stage One
  • Add your property auction-style listing into the system.
    • Set starting bid, reserve price, and buy-it-now price.
    • Set up open-house dates and times.
    • Enter as much detail as you prefer.
    • Set bidding start and end dates and times.
  • Property details, map, bidding start & finish are posted instantly.
Stage Two
  • Listing is available for bidders to browse and bid.
  • Prepare your property for open-house and scheduled showing.
  • Conduct open-houses.
  • Bidders compete to buy your property.
Stage Three
  • The system extends bidding time until bidding subsides.
  • Auction-style bidding ends and winner is selected.
  • Listing agent and Selling agent/Buyer contact each other to start contract.
  • Seller and buyer sign purchase agreement per terms in listing.
  • Winning bidder pays the earnest money deposit.
  • Buyer and seller prepare for closing on the purchase.
  • Property sale closes (buyer pays Buyer's Fee at closing).

Can You Sell Your Home Fast and for More?


couple in porchAuction-style is the wave of the future in real estateSell Faster for Best Price with this Platform

Normally, the seller and the broker have to guess at the market value of a home before putting it up for sale. If you guess too high you don't sell. If you guess too low you leave money on the table. So what do you do?

There is a better way to do it; let the market set the price for you. You know, the market will eventually prevail anyway. That's what this platform empowers real estate agents to do in an easy, online auction-style sale (or lease).


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How Real Estate Auction-Style Selling Works

calendar pageFast selling and leasingAuction-Style Listing and Selling - Leasing Too

Auction-Style selling is much like a live auction except that there is no auctioneer and the bidding is done entirely online. Instead of all bidders having to gather at a specific location for a live auction, the bidding can be done from wherever the prospective buyers are.

Ask your real estate broker/agent to use this Website/Platform to sell your property faster. When you use this system, you don't have to determine the right price in advance. The market will determine the correct price for you.


Read More

Real Estate Auction Style Bidding Types and Fees

house 9No fee to agents and sellersAuction-Style Types and Fees

There is no listing fee to broker/agent or seller for listing a property on this website, and the buyer’s fee is nominal. 


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Why Choose this Platform?

Full-Featured User-Friendly Platform Delivers Optimum Results for Buyer And Seller.
   

Sellers

  • Fastest method of sale
  • Less carrying costs while trying to sell
  • Easier than other methods
  • Get the best sale price at market
  • List through your favorite broker/agent 

Buyers

  • No looking at over-priced properties
  • Fast buying action and results
  • Streamlined process with no haggling
  • Get best value for the price paid
  • Can use your broker/agent to bid

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Benefits of Selling Real Estate Auction Style

Buyer pays market value, and seller keeps more - a win win process.

With auction-style selling, the buyer pays no more than the best price for the property without haggling; and the seller ends up keeping more money at the end of the process than going the traditional way.
   

Traditional Process

  • Initially, listed for much higher than market value.
  • Property does not sell for months.
  • Listing price lowered somewhat and wait.
  • Repeat process every month or two until sold.
  • Takes much too long to find market value that sells.
  • Every month, pay carrying costs until sold and closed.
  • If you sell it fast, you priced it low in this process.
  • If you price it high, it doesn't sell this way.

Auction-Style Sale

  • Does not need accurate listing price.
  • Market will price it for you accurately and FAST.
  • The fastest way to SOLD at market value.
  • Less time on market means less carrying costs.
  • Less carrying costs means seller keeps more.
  • Always sells fast and at the right price.

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 Please do not contact users of this Platform for any business unrelated to specific listings. 

Property information on this platform has been obtained from sources believed reliable. We've not verified its accuracy and make no guarantee, warranty or representation about it. You are solely responsible for independently confirming accuracy and completeness of any information to your own satisfaction. Projections, opinions, assumptions, or estimates are for demonstration only and do not represent current or future performance of any property. Information affecting the value of any transaction to you should be evaluated by your tax, financial, legal, and other advisers. Please conduct a careful, independent investigation of the property to determine the suitability of the property for your needs.