Online Auctions Why Estate Agents Are Joining LetsBid

04 June 2020 36899 Views

Lets Bid works in partnership with a variety of Estate Agents across the Uk from big franchise brands like Winkworth / Keller Williams / Remax to small independent agents up and down the country.

LetsBid simply offers a platform that allows all UK agents to become Auctioneers overnight

 

 

Features

• Completely free

• No Buyers fees

• Agents in complete control

• Agents keep all the fee they charge their vendors

• Build their own Auction database

• Get Legal packs for clients with no upfront costs

• Offer traditional and Modern method of Auction

During these challenging times the traditional auction houses have turned to online auctions and seen great success and there is nothing stopping traditional agents the option of venturing into this sector.

There are thousands of Estate agents in the UK selling property via Auction with many charging Buyers fees of up to 5%. LetsBid is designed to not allow buyers fees automatically giving partnered agents the ability to gain a competitive advantage over local competitors as it makes auction a much more financially viable proposition for both buyers and sellers opening up this sector to normal residential transactions not just below market value transactions.

‘In an ever changing market place, agencies need to be able to adapt to the new technologies and services available to them, with the modern method of auction, vendors are able to achieve a great price for their property in a much quicker time frame with less hassle of a standard sale. Not only is the platform fully controlled and observed via the agent, it offers the vendors an insight into the level of interest and bids being made on their property. Legal packs are prepared in advance by registered solicitors so buyers are able to have all the information they or their solicitor needs to act fast and move to an exchange within 28 day’.

Daniel Levine Winkworth

‘Everything is moving online so we need to innovate. The Remax brand is all about innovation so we see this as a good opportunity to do just that’

Raj Dhillon  Remax

‘We are regularly seeing in excess of 40 viewings on some of the properties we are being instructed on, many with multiple offers. It makes the customer and the vendor journey so much better when the buyer can jump straight online and make a bid following a viewing in real time; we don’t waste time and it gives everyone certainty’

Jaz Kaur Kings Real Estate