I don't want to bid in an auction!
Traditional auction can sometimes seem intimidating, and we know there are some buyers who see a property advertised for auction and think 'No Way!'
That's why we created Sale Ezy, it's a new type of real estate sale that takes away that intimidation and lack of control for buyers and sellers. It gives you a chance to talk, out loud, with your family before making decisions, and it allows you the comfort of buying from your own home. All this means you can be confident every time you bid or make an offer!
So, how do you make an offer or bid?
With Sale Ezy, the property you are interested in may be offered for sale using one of our two online sales options.
If it offered via best offer, our private online offers system, you may be able to register and make an offer straight away.
Unlike traditional auction, there's no countdown, no shouting, no crowded rooms. It feels just like private treaty, but you have the security of knowing if your offer is accepted by the vendor, you can't be gazumped, the property is yours!
During best offer, when you submit an offer on screen, the auctioneer and property owner can review it, and they can even accept it right then and there -- no waiting!
Other buyers know an offer has been made, but during best offer, no other buyer knows how much you have offered -- we call this our private offers system.
As a buyer, you benefit from binding offers, privacy of your offer, notifications relating to your offer status and when counter-offers are made. Your offer is only valid for 24 hours, after which it is withdrawn, so you can't be held to an offer for an unreasonable period of time!
The property owner may not want to run a binding, private offer sale, in this case, they can offer their property using final call, our online public bidding system... but don't worry, it's also very different to a traditional auction!
During final call, the count down clock is set to around an hour. After you register, you type your bid in on screen and submit, but for this hour, every other bidder can see how much you bid (don't worry, they see none of your personal details at all!).
As the time counts down, bidders can bid as many times as they like to try to buy the property. The owner can watch the bidding, but can't stop it and accept a bid like they can during best offer.
After the hour, if the highest bid is equal to the owner's reserve price, the property will be sold. If it isn't, people can continue to submit private bids in a new best offer period.
Though they don't feel like a normal auction, best offer and final call are conducted under legally-compliant auction conditions, meaning if your offer is accepted, you must proceed with sale -- and so must the owner.
Other than that, Sale Ezy offers a completely different environment and experience to traditional auctions, so buyers no longer need to skip past properties advertised for auction!