Online auction website, Openn Negotiation, has carved its way into the property sector in just two years since its launch.
Responsible for $447 million of property sold in Australia, 1654 properties listed, 9495 bids pledged, 14,000 registered users, 4547 qualified buyers and $6.2 billion in total bidding value since its launch, the app facilitates a unique bidding process.
It invites buyers who are pre-contracted and approved by the seller to openly negotiate on price, with the advantage of knowing exactly how many competing buyers there are.
“We partner with real estate agents,” Openn Negotiation Managing Director Peter Gibbons told West Real Estate.
“The Openn Negotiation technology provides a method and sale process which the general public can trust. This is because Openn Negotiation is independent and does not take or receive any portion of the agent’s commission.
“As well as giving buyers an easy and transparent look at acquiring real estate, the Openn Negotiation platform helps sellers make an informed decision by signalling the true market price of their property with real-time updates on bids and buyer interest.
“The seller can personally watch the process unfold to reach true value, the buyers can bid confidently without missing an opportunity and the agent acts as a professional facilitator.”
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