Bidding / Auction Listing Options

Bidding / Live Offers Overview

Understanding what bidding / live offers are and how they work is the first step in using it to grow your business.    The below guide and videos walks you through each aspect of the bidding platform from an overall point of view, agent view, seller view and a buyer agent view.

Overview

Bidding is a unique listing option designed to create competition on listings, drive the sales price higher and replace traditional commissions with offer premiums.  

Offer Premium -  is a % set by you and or the buyer agent that replaces traditional commissions.  The offer premium is added to the offer price of the property and is designed to take the place of commissions historically paid by sellers.     For example:  If i create a 5% offer premium and I offer 100k on a house, my offer is actually 105k.    The 5k that is added to the price is typically used for  compensation that the buyer agent and / or listing agent receives.

Within a bidding / live offer property you add unlimited properties and create custom experiences for each.   Each property will have a start date and end date, minimum offer / reserve or no reserve, and offer premiums.  

* The property is displayed on your agent dashboard and displays offers real time.   
* The seller has visibility to the property and offers in their dashboard
* Buyer agents can easily view and place bids and manage their offers in their dashboard.