The real estate market has become much more competitive and complex over the years and the industry needs to evolve with these new challenges. There is an apparent need for a more open and transparent system and we believe online auctions are an exciting new approach that will change the industry for the better. We have experienced firsthand the many drawbacks associated with silent bidding wars. By providing both buyers and sellers with as much information as possible to make a decision, the home selling and purchasing process will become more trustworthy for everyone involved.
This is not a new idea – many markets around the world have been selling homes this way for a very long time. Countries such as Australia, New Zealand and the United Kingdom utilize auctions to sell a large majority of their homes – from one-bedroom condos to high end luxury properties. Online auctions bring a transparent focus to the home selling process and keep the transaction simple. Sellers are given full control to set the terms of the auction and have the option to set a ‘buy it now’ price to sell their home before the auction’s deadline. Buyers are provided with all of the information they need to make an educated decision about their bid amount. Access to a detailed home inspection report, a list of comparable sales along with knowing exactly what other competing buyers are offering, provide buyers with more comfort and confidence with their bid amounts.
As a full service real estate brokerage, our partnership with On The Block Auctions Inc. (link to otbauctions.com) is just one of the many services we offer to our clients. We also sell homes the traditional way and always offer the same top tier service to all of our clients, regardless of the selling approach. We will give your home our full attention throughout the selling process in order to sell your home for the best possible price while making the process as easy as possible for you and your family.
Home buyers will be confident in our abilities to guide you through the process. We don’t just show you homes, we provide you with options, explain the neighbourhoods, educate you on the process and are available to meet with you based upon your schedule.
On The Block exists to improve the current real estate environment, to challenge the status quo and to encourage the industry to make the goals of home sellers and buyers their number one priority throughout the real estate process. Whatever your real estate need, we are grateful for the opportunity to help you and surpass your expectations.