Benefits of online bidding - An alternative way to sell or buy
Are you considering selling your property but unsure of the best method? While traditional methods like private treaty sales have their advantages, selling via online bidding can offer a range of benefits that might be perfect for your situation. Here are some reasons why selling your property via online bidding could be a smart choice:
Speed: One of the most significant advantages of selling via online bidding is the speed of the process. Online bidding typically have fixed sale dates, which means you can sell your property quickly without the uncertainty of waiting for offers to come in.
This can be especially beneficial if you need to sell your property within a specific timeframe.
Transparency: Online bidding provide a transparent sales process, allowing both buyers and sellers to see the entire process unfold. Bidders can see who they are competing against and can make informed decisions based on the level of interest in the property.
This transparency can help ensure that the property sells for its true market value.
Competition: Online bidding create a competitive environment where multiple buyers compete to secure the property. This competition can drive up the sale price, potentially resulting in a higher final selling price than you might achieve through private treaty negotiations.
With buyers actively bidding against each other, you have the opportunity to achieve the best possible price for your property.
Certainty: Online bidding offers a level of certainty that private treaty sales often lack. Once the hammer falls, the sale is binding, and the buyer is legally obligated to complete the purchase.
This eliminates the risk of deals falling through at the last minute, providing peace of mind for both buyers and sellers.
Control: As the seller, you have more control over the sales process when selling this way. You set the reserve price (the minimum price at which you are willing to sell), and you have the option to accept or reject the highest bid once the bidding concludes.
This control allows you to dictate the terms of the sale and ensures that you are comfortable with the final outcome.
Marketing: Online bidding provide an excellent platform for marketing your property to a wide audience. bidding campaigns typically involve intensive marketing efforts, including online listings, print advertising, and signage, to attract potential buyers.
This exposure can generate significant interest in your property and increase the likelihood of achieving a successful sale.
Speedy Settlement: Online bidding sales often have shorter settlement periods compared to private treaty sales. This means you can finalise the sale and receive the proceeds from the sale more quickly, allowing you to move on to your next property or use the funds for other purposes sooner.
In conclusion, selling your property this way offers numerous benefits, including speed, transparency, competition, certainty, control, effective marketing, and speedy settlement.
Examples of our recently sold properties via online bidding below:
Baunton - Sold recently at £280,000 and on market for Guide Price £250,000
Witcombe - Sold recently for £420,000 and on market for Guide Price £350,000
If you're looking for a fast and efficient way to sell your property while maximizing its sale price, this could be the ideal method for you.
Get in touch with our team today to explore your options and take the next steps toward a successful sale.