In most real estate markets, experts suggest that the average residence is shown between 4 and 8 times a week during the first 3 weeks of a listing (excluding open houses). After that, an unsold home goes "stale" -- it gets shown less.
The average home is on the market for many months before it goes to contract. A surprisingly large number of initial real estate contracts never make it to a successful closing -- something goes wrong, and the frustrated seller puts the home back on the real estate market, usually with a new agent.
The No. 1 sellers' complaint is the "showing" process -- the line of people trudging through their home, inspecting their lives, in search of who knows what.
Dozens of serious buyers in 2 days =
Open Bidding brings a lot of serious real estate buyers into your home, over a single weekend. Opportunity attracts them. Emotion captures them. Competition excites them. Their wallets open. Top dollar for your home pops out in an open bidding process that concludes on Sunday afternoon.
You don't have strangers coming through your home, day after day, often week after week, at times which are not always convenient.
Your home must look great -- truly great -- for one weekend only.
Wxperience suggests that the open bid event should occur on Saturday and Sunday, from 2-5 pm. Buyers submit open bids at any time. Bids are revealed on a large Bid Board at 4:45 pm, on Sunday only.
At 5 pm on Sunday, all open bidding stops. On Monday, bidders are verified through credit checks, and the highest legitimate real estate offer (acceptable to the seller) goes to contract, with funds held in escrow. If the real estate deal does not go "hard" in the timeframe acceptable to the seller, you move to the next acceptable bidder.
We have sold dozens of homes this way. The average real estate sale has produced $4,600 extra dollars for every $100,000 of a home's true market value. The average open bid event has produced over 3 offers.
Why does open bidding work? Real Estate Marketing. Massive real estate marketing. And the professional Bid Site Team that handles and secures the open bid event. And a carefully planned and well-disciplined real estate timetable leading up to the event. But it all starts with a massive, well-planned marketing onslaught. Take a look:
If you want to sell your home on Open Bid, commission-free, click on the banner immediately below:
Address: 3755 Mykonos Court, Boca Raton, FL 33487
Office Address: Templeworks Properties, LLC, 3755 Mykonos Ct., Boca Raton, FL 33487
Disclaimer: The information at this real estate site and on this page is believed to be accurate, and it is offered as such, with no guarantees or warranties, implied or otherwise. All prices are subject to revision due to real estate market conditions. Some information may be compiled from FlexMLS, Inc., for the period covered by the open bid web page information. In such cases, the representation is based in whole, or in part, on real estate data supplied by the FlexMLS, Inc. FlexMLS, Inc. does not guarantee or is not in any way responsible for its accuracy. Real estate data maintained by FlexMLS may not reflect all real estate on the market.