Now every agent can organise an online real-time auction
In October, the world of property auctioning witnessed a significant development, care of clicktopurchase®, with the first property sale being concluded by an Artificial Intelligence auctioneer. The property in question was a house in Sweeney’s Terrace, Dublin, being sold by Allen & Jacobs. Offered at a guide of €250,000, the property sold by way of a clicktopurchase® auction, monitored by “gAbI” at €345,000. See here
Now, the same unique auction platform has been used by London investment agency, Singer Vielle, to sell a commercial industrial property in Calne, Wiltshire. See here
With the guide price of £400,000, the property sold at online clicktopurchase® Artificial Intelligence auction at £475,000, nearly 20% above the guide.
So what makes the clicktopurchase® platform unique and capable of achieving such impressive results?
• The only platform enabling legal conclusion of the sale process by online private treaty, “best offers”, or auction,
• The auction provides the option to be conducted by “gAbi”, the Artificial Intelligence auctioneer
• Auctions in real time, live, emulating the “traditional” ballroom experience
• Fully electronic audit trail
• Contract and audit trail recorded in Blockchain
“Every agent is now able to offer such a sales conclusion, and every buyer can purchase from anywhere in the world easily and without the intimidation of the auction room. With bidders still able to participate in competitive bidding but in the knowledge that it is totally secure and transparent, I have no doubt that the live ballroom will soon be a thing of the past. “Neil Singer, CEO clicktopurchase®
The online platform is proven to bring for all parties in the sales process the attractions of speed, certainty, accountability and transparency. Using advanced technology, clicktopurchase® enables legally binding offers to be submitted, where acceptance creates digital contract notes with legally binding encrypted and hashed signatures, whether by private treaty, tender of auction.
Clicktopurchase® became the first platform recording audit trails and property executions in a Blockchain ledger back in October of last year where it delivering additional security, transparency and comfort for all involved.
SOURCE Artificial Intelligence Auctions
Edited by V. Haviland
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