Property auctions online or otherwise, can be hugely beneficial to sellers, buyers and estate agents. Here, we look closer at why you should be considering selling or buying a property via an online auction, and the many advantages it can bring.
Here at Real Auction, our online platform provides security and clarity to both buyer and seller which some traditional methods do not offer. We have a strict time frame for sale completion and secure transaction and security measures in place. Our online auctions provide the clarity that both parties need. As an estate agent, you can be sure to increase the chances of selling your client's home, and more importantly faster than traditional methods.
Tensions and emotions can come into play when it comes to live auctions at in-person auction houses. However, when bidding from the comfort of your own home and with a steady strategy in mind the process becomes more seamless and hassle-free.
Gazundering and gazumping are frequent practices that are not welcomed by either buyers or sellers. Gazundering is when a seller has accepted an offer from a buyer, begins to make plans to move and halts all viewings. However, near the time of contract exchange, the buyer will significantly reduce their offer.
On the other hand, Gazumping is when a seller accepts a buyer's offer, the buyer may then pay for valuations, searches, and instruct lenders, only for the buyer to then notify the seller that they are accepting a higher offer. Neither are desirable circumstances. The good thing is neither are possible with online auctions!