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 the auction. This price is typically the full listed price in the MLS (Multiple Listing Service), but it may be higher on a very desirable or already competitively priced home. The Buy Now option may not be enabled by the Listing Agent on all listings. If it is, it's available until a bid has been placed over any Reserve Price set by the Seller. This can be a very attractive option for a Buyer, if they see that the price of a home they are interested in is rising rapidly in the online auction.
It's all about giving Buyers and Sellers, and their Agents, flexibility within the system to arrive at fair market value in a much shorter time than with traditional, paper intensive, back-and-forth negotiations. Speaking of paper-intensive, look for tomorrow's Earth Day Special post to outline how we're doing our part "Keep it Green." Here's a hint:
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