When buying a property in an online real estate auction either on a conditional or unconditional route, you can expect more speed, safety, and transparency than buying from a real estate agent service.
For example, if you are a rule winner of an online real estate auction, you don't have to worry about sellers backing off or shaking at the last minute.
Online real estate auctions allow you to get sales much faster than buying from a traditional real estate agent. You can also find the best real estate auctioneers in Australia.
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Online real estate auctions typically last four to eight weeks, while traditional sales can often take up to six months.
Another benefit of buying through online real estate auctions is the wide variety available to customers, including commercial, residential, land, and investment properties.
In the online tender process, the terms and costs of a real estate auction are very clear from the start and create very equal conditions for an open and transparent bidding system.
Place bids at online real estate auctions
As with a traditional auction, information about the building will be available before the property is auctioned, as well as the opportunity to view the property during a viewing session.
The online real estate auction runs for seven days, although the system extends the time after a bid to 60 seconds to allow the final bid until the highest bid is up for grabs.