Re/Max launches digital bidding process
Re/Max launches the digital offer process Dave. This is intended to make pricing in real estate transactions faster, more transparent and more comprehensible for sellers and buyers, the broker network says.
In future, interested parties will be able to submit a binding purchase offer for a property via the online platform Dave. The seller has the choice between two offer procedures: In the closed procedure, any interested party can submit an offer, according to the announcement. The offered purchase price is not visible to anyone until the submission deadline has expired.
In the open procedure, on the other hand, the anonymised bids or the current highest bid will be visible to all bidders. Until the end of the deadline, the parties invited to participate in the procedure can increase their own bid as often as they wish.
Re/Max expects the two online sales processes to reflect the current market situation when determining prices. In addition, this ensures that the seller can decide on the best offer. However, the seller does not have to accept the highest offer. In contrast to a traditional auction, the seller is free to decide which offer to accept. (ah)
