Benefits of the Home Bids Program Method of Marketing for Seller
Maximizes Sale Prices More offers means more competition, which ultimately drives sale prices higher. Home Bids ensures every homeowners sells for True Market Value.
The bidding method of marketing exposes property to a large number of pre-qualified prospects and creates competition among buyers – at times exceeding the price of a negotiated sale. The bidding process creates an atmosphere of excitement and competition.
Home Bids program benefits a seller in both strong and slow markets. In a strong market, the competitive bidding process provides unlimited upside potential. In a slow market, bidding allows the seller to sell property quickly at current market price and avoid the risk of overpricing and then offering price reduction after price reduction to stimulate buyer interest and catch up with slowing market conditions.
What Is Home Bids
“Home Bids” is a Hybrid between real estate bidding and traditional real estate marketing. We took the best features from real estate bidding and traditional real estate and created a process that works better than any other selling method in any market condition. The Home Bids method of selling real estate gives Buyers and Sellers more options when buying or selling real estate.
With the “Home Bids” option, real estate commission can be paid by the Seller, the Buyer or both. The Buyer’s side of the commission is called “Buyer’s Premium”. (Highest Bid + Buyer’s Premium = Sales Price)
When selling with Home Bids:
•Sellers reserve the right to accept, negotiate or reject the highest bid. (No risk involved)
•Highest bid and bid history transparent. (displayed on the auction website at all times)
•No long term listing contracts
•Bidding process conducted online only
•Buyers approved for bidding manually by the Seller or Seller’s agent, or instant Buyer approval online by credit card.
•No upfront fees required from Seller
•No property inspections required prior to acceptance of the highest bid
•Once the highest bid is accepted by the Seller, Buyer goes into escrow with all Buyers’ contingencies and inspection time frames in accordance with the purchase contract specific for the State where the property is located.
•Property will be available for viewing only at the open house dates (unless agreed otherwise)
Cutting edge Real Estate technology with full Broker representation and professional marketing specialists offer you the most advanced and efficient method of selling Real Estate.
Home Bids Program works in any market conditions and brings multiple offers on a property within 15 days or less in most cases. Sellers will be able to watch the entire process on their computer, from the comfort of their home or office. Sellers have total control and there is no risk involved because the Seller reserves the right to accept or reject the highest bid. Home Bids option reduces the number of showings since the property will be shown at the open house dates only, (unless agreed otherwise). Prospective Buyers are approved through the online system.
Unlike Real Estate Auction, where Buyers have to go in to escrow with no contingencies and non-refundable deposit, Home Bids is simply better. At the end of the bidding process, the Buyer may proceed with a standard Purchase Agreement, with all Buyer’s contingencies and inspection time frames.
The whole process is transparent and convenient, that’s why Sellers and Buyers like it. Why getting bound by 6 months or longer listing agreements, when Home Bids delivers in 15 days or less in most cases? Choose a method that gives results. Think outside the box. Technology is changing very rapidly the real estate industry. Let our advanced technology, online marketing campaigns, and the human touch of a real estate broker sell your property in record time and save you a lot of $$$ in commissions.
By using our state of the art technology doesn’t mean that we don’t pay attention to the human side of the business. We are here for you but we also engage our marketing skills and technology to bring your property on the first pages of major search engines.
Here is an example that happened last month.
A sellers experience with the standard real estate marketing.
I asked them how did you pick your price. I wasn’t surprised to their answer. They contacted 3 Realtors. Each one gave them a different list price. The price ranged for $850,000 to $899,000. Now they all had the same data from the MLS. The question is why the range difference? They price their home too high at $899,000. Now time has been wasted. The market has changed. Their Realtor told them to drop the price. Even after the Realtor told them what their home value was. Whats wrong with this picture. It happens all the time. They Fired their Realtor and contacted us. We have an all cash buyer with our marketing program. In 10 days! Not all Realtors and marketing programs are created equal.
Paul & Ginger Conti
Call to get started 916-677-7446
We Cover all the Bay Area and the Sacramento and Placer Counties 408-691-7700