An exciting addition to Brisbane’s Real Estate Sales Market - Online Property Auctions
Although traditional auctions have not been a main focus in the Brisbane real estate market, recent results have shown that strong clearance rates indicate an increasing demand.
Some property experts, including Domain and BIS Oxford Economics are tipping Brisbane to lead the nation’s property market in 2020 and we think that online property auctions could be a big part of this.
Founder of SoldOnline, David Scholes created the online real estate auction platform following over 30 years as an award winning Australian auctioneer. During this time he averaged over 1000 auctions per year across the country! The platform speaks to increasing movements towards online real estate purchasing and the need to cast the net wide for bidders from all across the world. He designed SoldOnline as an addition to the real estate agent’s offering, alongside traditional onsite auctions, private treaties and other sales mechanisms. SoldOnline includes commercial, rural, industrial and residential online property auctions.
Our portal is simple to use, effective and a transparent way to sell real estate.Click here to view our online auctions in QLD!
A point of difference in the real estate market - Online Property Auctions Brisbane
Brisbane real estate agents are already adding online real estate property auctions to their suite of offerings, to provide their vendors with a competitive edge. The SoldOnline platform gives them a crucial point of difference and the ability to extend reach into the market for their vendors.
In each of our capital cities, real estate agents operate in a relatively crowded industry. Brisbane is no different. A point of difference to the offering of other real estate agents is key to remaining competitive. By including SoldOnline’s online real estate auctions in your suite of tools, your vendors can see that you are one step ahead.
By choosing to list properties for online property auctions, your vendors are provided with a well managed, secure, transparent and effective way to realise maximum sales potential for their property.
Online property auctions in Brisbane have proven successful
SoldOnline has completed many successful online auctions in the residential, commercial and industrial sectors with over 800 listed online property auctions. Vendors are enjoying the increased reach that online property auctions represent.
In many cases, SoldOnline properties in Brisbane have sold well above reserve and attracted engaged bidders internationally.
Truly international - SoldOnline is perfect for Brisbane’s real estate
The benefits of online real estate property auctions are unprecedented in the Brisbane real estate market. Each weekend scores of properties are auctioned via traditional onsite auctions throughout the city, meaning that, in some cases, buyers may have to choose between the auctions they attend. SoldOnline removes this issue.
This is a huge benefit, allowing bidders to be located anywhere in the world during the online property auction.
Consider too, that most onsite auctions last less than 10 minutes. By contrast, SoldOnline property auctions are conducted over a few days. This extra time allows bidders to bid in their own time zone and spend time finalising due diligence, deferring to advisors or confirming the additional financing they may require.
SoldOnline property auctions are overseen by professional auctioneers, such as David Scholes. These auctioneers manage the auction process, can change incremental bidding amounts and assist in the negotiation with prospective buyers. In fact, everything that professional auctioneers do during onsite real estate auctions!
Managed end-to-end Brisbane’s online real estate auctions
From end to end, the SoldOnline approach ensures that vendors, agents and bidders are completely comfortable, secure and relaxed about the online property auction process. Each bidder is registered online through the SoldOnline portal and the bidding is transparent and well managed by our auctioneers.
Brisbane’s onsite auction market has shown steady results, but there is still a limitation to the model, whereby buyers naturally have to be at one place at one time. The ability to take your property auction online is an efficient way to open up a property to bidders who are already savvily looking online as part of the property acquisition process. The opportunity to allow bidders to take part from wherever they are in the world amplifies the scale of your potential audience and increases vendors’ ability to achieve maximum sales prices. It’s an option you may want to consider taking!