We recently had a Buyer for one of our listings utilize our "Buy Now" feature to avoid being caught in a bidding war. In this particular instance, the Listing Agent listed the home for $285,000 in the MLS. Her CMA came in at $315,000. Our strategy is to list a home in the MLS at roughly 10% below market, and run an online auction of the property approximately 3 weeks after the property is listed. The Seller and their agent can also set a Make Offer range in our system, as well as a "Buy Now" price. In this particular … (2 comments)
make offer: It's Not Easy Being Green
- 04/22/11 03:51 AM
Kermit the frog was right. It's not easy being green. But if we all make an effort to conserve our natural resources, our grandchildren may actually end up with a habitable planet. We're doing our part here at BidOnRealty.com. Our platform includes a paperless Make Offer system, whereby the Listing Agent and Seller can set a range in which offers will be entertained. This feature is typically used to enable buyers to make an offer on a property prior to the start of the online auction. Let's look at an example:
Home is listed in the MLS for $200,000, with the … (2 comments)
make offer: I Want to Buy, I Just Don't Want to Bid.
- 04/21/11 11:08 AM
Some people just don't have the stomach for a competitive auction. They fear that the price will go too high for them, or, they just want to know that they'll get the house right now. For those we offer:
Go ahead, click on it. It will take you to an informative page on our site that outlines how BidOnRealty.com works from a Buyer's perspective. This option is for Buyer's who do not wish to participate in the auction of a property. The Listing Agent and Seller can determine a "Buy Now" price that they are willing to accept, and cancel … (6 comments)
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