An online property auction from SoldOnline replicates a standard property auction normally held onsite or at an auction room – but does it all online. Our platform manages it all: the registration of buyers and sellers, a process for receiving and accepting bids, it even notifies buyers when a property’s reserve price has been reached. At the end of the auction it awards the sale of the property to the highest bidder.
The perfect solution for property sellers
Buyers do not have to be all in the one location to bid on your property, they could be interstate or overseas. Buyers can place bids at any time of the day – and it is all captured on the website with a transparent and open tracking system of all bids for all parties to view. There is plenty of time to consider options, to talk with your agent, your family and friends. Unlike traditional auctions our online auctions give the exclusive right of negotiation to the highest bidder should the reserve not be met. This unique feature creates competition. All this is done in a secure digitised environment with an audit trail that stores all the records for future reference.Property Auctions
Rural irrigation block in Moree
Car space in Taree
Development site Werrington, Western Sydney
Gymea, South Sydney
Development site, Werrington,Western Sydney
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The SoldOnline platform allows potential buyers to bid online from anywhere in the world over the course of days, not minutes. Owing to this extra time, buyers can watch how the auction is tracking, secure extra funds if required or finalise due diligence issues. This is a major benefit that the traditional auction process does not afford.
It also means that you are not forcing your potential buyers to be at a particular spot at a particular time, thus avoiding conflicts that occur with busy lifestyles and locale. By allowing the bidding process to take place online, over a longer period of time, more potential obstacles that stand between the buyer and your property are removed.
Buyers don’t trust behind the scenes haggling of private treaty sales, so the openness and convenience of the SoldOnline platform makes it simple for the buyer.
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"I have run at least 20 online auction campaigns. It works extremely well for buyers, vendors and agents."
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David pours his experience into this insightful guide to setup up for sales success by understanding market mechanics, real estate sales strategies such as the ‘Big Net Theory’ and the closest thing to a foolproof way to sell property. Whether you’re a vendor or a sales agent, you will benefit from this eBook. Enter your email address and we will email you a copy.
The rapid transition to online alternatives has been all pervasive. Property buyers are so familiar and comfortable with the process of researching property online, yet we force them to step out of their comfortable environment when it comes to the all important buying process.
More and more of the real estate transaction is being digitised, such as property marketing, eConveyancing, virtual inspections and settlement - purchasing property online is the next logical step. Stay ahead of your competition and differentiate your sales process using an online auction. Remember, it is only the bidding process that occurs online. The rest of the process such as property marketing, property inspections, contract signing and financial transactions still occur in the traditional way.
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