Some properties are now receiving 2-3 offers on them at the same time and some agents are just merely telling you to put your best offer in (whatever that is?). Some are now going slightly over ($10-$15k) with this particular method because the buyer gets the fear of missing out - fomo !!
I am still believing that Openn Negotiation is the fairest and most transparent way for buyers to participate in buying a home.
1) You are not held to the contract
2) You dont pay a deposit
3) You can still continue to look at other properties
4) Putting your bid in on the property means you will not miss out you have to be contacted on that property if anything changes like the end date is now being brought forward
5) You will not bid past your limit - well we hope you dont or you are in trouble, we do try to find out before the bidding night what is your stop price and if we see you going over that we pause the process to talk to you about that last bid you made.
We are getting resistance from some buyers as they just want the good old fashioned way of simply putting an offer in and getting it countered. Well times are changing my friends and not all buyers share that view anymore and gathering by the amount of successes we have had with the old method (transparent) and the new method Openn Negotiation (on an app - free) this is the new way moving forward.
Bonuses for the buyers is they can see at anytime what's happening on the property (your agent should still ring you though, keeping you updated of course). On the final bidding night you can choose to participate or not and it has no financial impact on yourself as you have not paid anything upfront.
If you have any questions on this particular process please email me at the office and we will send you a flier. gill@viviansresidential.com
MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!
SELLING MOSMAN PARK & THE WESTERN SUBURBS!!
KEEPING IT REAL IS OUR MOTTO!!
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