Anywhere and Anytime
The restrictions of having to attend an auction at a specific location and time are removed with SoldOnline’s online auction process. As we have all seen during Covid times, there’s a lot of uncertainty around physical auctions that SoldOnline removes. Bid safely from anywhere in the world. Once your registration is approved, notifications will keep you updated throughout the pre-auction and auction process too!
A Complete Suite
SoldOnline is a suite of tools designed to help you secure your new property. Enjoy the transparency, updates and flexibility the platform provides. Whether rural, residential or commercial, you’ll have the ability to bid intelligently and watch each auction in real time.
Use Our Experience
Our decades of experience in the real estate auction environment have shown that it’s critical to give buyers enough time to make important decisions. Our online platform means that whilst we encourage lively bidding, we ensure that you know when a vendor bid is placed and have time to defer to your team if you’re in the position of highest bidder.
Get Set for Success
Competing in an auction can be as overwhelming as it is exciting. We have created a system which is transparent and puts intelligent data, such as real time bids, vendor notifications and countdowns right at your fingertips. You’ll feel secure knowing that the platform will remind you of when an auction is commencing, closing or if you have been outbid.
All the tools you need for succesful auctions
SoldOnline makes it simple for you to register. In a few easy steps you can upload all of your critical information (identification etc) within moments. The vendor’s agent will be notified and can approve your registration in the press of a button.
With a SoldOnline auction, you can access all necessary documents (inspection reports, contracts etc) from one central location at your convenience. All of your communication with the vendor’s agent can be done through the portal, keeping track of details, requests and pre-auction offers too.
Sound & secure bidding
The auction will take place in a secure digitised environment. SoldOnline online auctions represent the highest levels of security as you can see vendor bids clearly, watch bids in real time and know that a professional and experienced auctioneer is controlling the process.
It's great to know you have time to make decisions and will never be forced to rush. In our "Final Call" stage which is during the last 3 minutes of an auction, when a bid is made, the countdown clock resets to another 3 minutes. You will be alerted by SMS when significant events occur so you can be multi-tasking and know you won't miss out.
Your bidding profile
It is a requirement by law that you provide all necessary information to the vendors agent before you can bid at auction but once that is done, you remain completely anonymous. When you make a bid, it is only the bidder number you chose that appears on our site. You cannot be approached by other bidders or the property owner and you can rely upon our platform alerts to keep you in control.
Highest bidder benefits
With traditional auctions, you may not know when a vendor bid is exercised, when the reserve is met or have the ability to negotiate as the highest bidder when the reserve has not been reached.
SoldOnline’s auction system means that, in the event a reserve has not been met and you are the highest bidder, you’ll have 60 minutes to negotiate directly with the vendor or vendor’s agent and you will be shown the reserve exclusively and immediately.
NO. All financial transactions including the payment of the deposit are completed outside of the SoldOnline platform.
Registering as a bidder is a requirement of the SoldOnline property auction platform. Simply let the agent know you want to bid and they will email and SMS a link for you to complete your registration. Everything is done online.
NO. All property transactions in Australia are conducted using the Australian dollar as the currency.
YES. Again, this is governed by the usual laws and regulations. If the buyer’s agent has the requisite authority from the buyer, they may bid on your behalf. They will need to register as the bidder and identify themselves with SoldOnline.
YES. If the reserve is reached, that means the highest bidder is deemed the purchaser at the fall of the virtual hammer. If the reserve is not reached, we reward the highest bidder with exclusive negotiating rights.
YES. A great advantage with soldonline.com.au is that you can bid at anytime from anywhere. If you register to bid on a property and provide the requisite proof of identity, you could be anywhere in the world. Our bidding platform is smart device compatible too.
A bid must be given in good faith but there is the opportunity to retract a bid on our platform. However, if a bid is retracted, the bidder will be blocked from any further participation during that auction.
At any time during the auction process, you can consult your financial advisor to reassess whether a property is within your reach and what your final limit is. The wonderful thing about our extended bidding time is that it could mean the difference between owning your dream property or missing out.
When the auction process is complete and you are the successful purchaser, you will need to arrange with the agent to sign the contract immediately and to pay the deposit. SoldOnline has an integrated electronic signing platform that the agent can elect to use.
With soldonline.com.au, we offer the fairest outcome for the highest bidder should the property auction not reach the reserve price. As the highest bidder, when the auction ends, you will immediately have the reserve price disclosed to you and you will receive 60 minutes of exclusive negotiating time to attempt to seal the deal.
Vendors and bidders are able to communicate with the real estate agent at any time during the auction process, and we would encourage this communication. Our system provides a longer period for people to seek advice from their agents and any other advisors. We do have a designated chat feature for bidders to communicate directly with the agent.