Getting Online with Auction Property

Posted by Jude Buttle on Friday, July 25, 2008

TheMoveChannel.com is gearing up for its first UK property auction on August 12^th, being held in conjunction with Sutton Kersh Binstock Auctioneers.

Image by je1196

Online bidding is already practiced amongst a number of organizations in the USA, where the benefits to potential buyers - often too busy to travel to the auction location - have resulted in rapid growth in the number of online auctions taking place.

Bidding online is similar to bidding over the telephone, but even better as it also allows you to view what's going on in the auction room via a streamed video webcast.

Webcasts offer real-time audio and video, allowing bidders to listen to the auctioneer, view the event and bid remotely on properties from their home or office.

If the buyer stays online during the auction then they can monitor the progress of the item and increase their bid, either up to a predetermined maximum bid, or to an unlimited value (subject to prior agreement with the auctioneer).

This means that clients do not have to compromise their valuable time travelling to the auction. All that's needed is a pre-registration and an internet connection while the auction is being webcast.

This type of online bidding is slightly different - and more flexible - than the approach offered by a number of other organisations, such as E-Bay. That type of online bidding system sees events go on for weeks, sometimes months, in a process that loses the immediacy of a real-time auction and which therefore usually leads to a lower selling price. A competitive bidding process has been scientifically proven to achieve higher selling prices, not least because emotional buyers can get carried away and jump in with crazy last minute bids to secure the item.

For buyers wishing to avoid such a scenario, there is also the pre-bid option, which allows the buyer to submit his maximum offer before the live event. This amount is registered and if it is not exceeded, the property becomes theirs. This figure is kept confidential from other bidders and the seller.

The next auction will be held on Tuesday 12^th of August 2008 with catalogues readily available approximately 3 weeks in advance. Catalogues can be obtained by requesting a hard copy over the telephone or they can be conveniently accessed online.

For more information please visit: http://www.themovechannel.com/property/auction/

 Print

Comments

Our comments section.

No comments added yet

Add Comment

Name

Email

Country England Scotland Wales Northern Ireland Albania Algeria American Samoa Andorra Angola Anguilla Antarctica Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Balearic Islands Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bosnia and Herzegovina Botswana Bouvet Island Brazil British Indian Ocean Territory Brunei Darussalam Bulgaria Burkina FASO Burma Burundi Cambodia Cameroon Canada Canary Island Cape Verde Cayman Islands Central African Republic Chad Chile China Christmas Island Cocos (Keeling) Islands Colombia Comoros Congo Congo, The Democratic Republic of the Cook Islands Costa Rica Cote d'Ivoire Croatia Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic East Timor Ecuador Egypt El Salvador England Equatorial Guinea Eritrea Espana Estonia Ethiopia Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia French Southern Territories Gabon Gambia Georgia Germany Ghana Gibraltar Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guinea Guinea-Bissau Guyana Haiti Heard and Mc Donald Islands Honduras Hong Kong Hungary Iceland India Indonesia Ireland Israel Italy Jamaica Japan Jordan Kazakhstan Kenya Kiribati Korea, Republic of Korea (South) Kuwait Kyrgyzstan Lao People's Democratic Republic Latvia Lebanon Lesotho Liberia Libya Liechtenstein Lithuania Luxembourg Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia, Federated States of Moldova, Republic of Monaco Mongolia Montserrat Morocco Mozambique Myanmar Namibia Nauru Nepal Netherlands Netherlands Antilles New Caledonia New Zealand Nicaragua Niger Nigeria Niue Norfolk Island Northern Ireland Northern Mariana Islands Norway Oman Pakistan Palau Panama Papua New Guinea Paraguay Peru Philippines Pitcairn Poland Portugal Puerto Rico Qatar Reunion Romania Russia Russian Federation Rwanda Saint Vincent and the Grenadines Samoa (1Independent) San Marino Sao Tome and Principe Saudi Arabia Scotland Senegal Serbia and Montenegro Seychelles Sierra Leone Singapore Slovakia Slovenia Solomon Islands Somalia South Africa South Georgia and the South Sandwich Islands South Korea Spain Sri Lanka St Helena St Kitts and Nevis St Lucia St Pierre And Miquelon Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Taiwan Tajikistan Tanzania Thailand Togo Tokelau Tonga Trinidad Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Tuvalu Uganda Ukraine UAE United Kingdom United States United States Minor Outlying Islands Uruguay U.S.A. Uzbekistan Vanuatu Vatican City State (Holy See) Venezuela Viet Nam Virgin Islands (British) Virgin Islands (U.S.) Wales Wallis and Futuna Islands Western Sahara Yemen Zambia Zimbabwe

Comment:

Verify your request 

Code:

Enter the code: