When you buy a property in an online property auction, either through the unconditional or conditional route, you can expect greater speed, certainty, and transparency than if you buy used estate agency services.
For example, if you are the winning bidder under the rules of property auction online, you do not have to worry about the seller withdraws or gazumped at the last minute. You can also buy property online via https://www.soldonline.com.au/
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Through online property auctions, you will make the sale much faster than you do with the purchase of a traditional estate agent.
Online property auctions generally takes about four to eight weeks to complete, while the traditional sales can often take up to six months.
Another benefit of purchasing through an online property auction is so much variety available to customers including commercial, residential, land, and investment.
Online bidding process, requirements and costs for property auctions are very clear from the beginning and for open and transparent bidding systems create a very level playing field.
Bidding on the online property auction
Like a traditional auction, the information relating to the building will be available before the auction of the property, as well as the opportunity to view the property through a viewing session.
Online property auction runs for seven days, although the system will extend the time to sixty seconds after a bid to allow the final offer until the highest bid stood uncontested.