Bidonmyhouse

Bidonmyhouse

30 George street, Hull, North Humberside, HU1 3RT [ Map ]

Tel: 0800 0924047 | Email: Click here | Web: http://www.bidonmyhouse.co.uk

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Bidonmyhouse was formed to provide a bespoke online auction service to all property agents, property professionals and property disposal businesses throughout the UK.
Offering a “live”, unique and continuous online auction, www.bidonmyhouse.co.uk creates a new innovative way to link motivated buyers and sellers, whilst delivering a quick and efficient sales process that is more cost effective and less time-consuming than traditional auction houses.

About Us

Bidonmyhouse is wholly owned and operated by experienced business professionals including a chartered surveyor with over 25 years experience and senior company directors from corporate and enterprise backgrounds. Our mission is to provide the most viable and successful way to sell property in an ethical and dynamic manner via our unique online auction. Bidonmyhouse provides the highest level of service based on straight forward, honest and reliable advice through which customers can manage their objectives and achieve successful results.

How it works

Buying through the online property auction could not be easier for your clients.
Buyers can bid via the internet but if they do not have internet access then we are able to conduct bids on their behalf. Bidonmyhouse property auction is a versatile client-friendly process, based around a fixed timescale but allowing longer periods for exchange and completion to accommodate both the residential or commercial buyer and seller.

Key points of bidonmyhouse online auctions:

• A clearly specified percentage of the final bid amount, as stated in the online property details, is paid by the buyer to bidonmyhouse within 48 hrs of the auction completion. This is a reservation fee (Buyer’s Premium) which is shared, in a pre-agreed proportion, between your agency and bidonmyhouse

• Only 28 days for exchange of contracts to avoid time wasting

• Only 28 days for completion of contracts, provides the agent with a predictable and timely projection on cash flow.

Why should vendors sell through bidonmyhouse online property auctions?
When vendors are considering selling their property there are many options available, but not many methods of sale offer these tangible and quantifiable benefits:

1) Best price in the current market
bidonmyhouse carries out local and national PR and marketing of every property to ensure maximum exposure to potential buyers. Our aim is to achieve, for the vendors, the best possible price in the current market.
2) Option for 0% commission

Vendors can decide not to pay any fees to sell their property and bidonmyhouse will charge the buyer an acceptable reservation fee which covers both the agents and our costs. Alternatively, the vendor can pay the agent the normal agency fee and a smaller reservation fee will be paid by the buyer.

3) Fixed date to sell and move
Upon the close of the auction the buyer will be tied in to a fixed timescale for exchange and completion. This provides complete clarity for all involved parties.
A fixed timescale is often not set when selling a property through the normal property agency route with many sales taking much longer than anticipated.

4) Benefit of a non-refundable reservation fee
On completion of the auction the buyer will pay a non-refundable reservation fee calculated on the final selling price. As the fee is paid on a non-refundable basis we know that the buyer is serious, ready and able to proceed and therefore much less likely to back out of the transaction.

5) ‘Sorry payment’
In the unlikely event that the buyer, after paying their reservation fee, backs out we take into consideration that your vendor may have incurred costs and more importantly know that they will have suffered inconvenience and disappointment. Therefore bidonmyhouse have incorporated a ‘sorry payment’ as compensation and will send them an immediate payment amounting to 30% of the paid reservation fee. The agent gets 35%.

Key benefits for the agent

Bidonmyhouse is an ethical company run by property professionals offering cost effective, efficient, specialised property auction management for property agents, property professionals and property disposal clients throughout the UK.

In these challenging times Agents need to differentiate themselves by offering their clients every possible service to ensure that both seller and buyer achieve their objectives. Agents also have a responsibility to the success of their business by ensuring that they are at the forefront with new and profitable innovations to assist in achieving satisfaction and success for themselves and their clients.

Bidonmyhouse does not charge any fees or franchise costs to provide you, the Agent, with a fully fledged, bespoke and professional auction department on which to build your brand, your business and help increase your business revenues.

Agent benefits
• Increased sales and quicker turn-around
• Increased and predictable revenue through additional properties to sell
• No set-up costs or franchise fees to pay
• Guaranteed to increase valuation conversion rates
• Calls to bidonmyhouse are answered 24/7
• Reduced fall through rates and bad debts

Bidonmyhouse is rapidly expanding throughout the UK and has Area Directors in each region who will be pleased to handle any enquiries from your partners or staff.
Each Area Director is able to explain, in depth, the advantages and benefits of your company joining the bidonmyhouse network. Your staff will also be provided with the support and training required to enable their optimum performance and success.

For more detailed information and to investigate further how this new online service might improve and increase your business success please contact the bidonmyhouse Area Director for your region.

Hours of Business

24/7

Bidonmyhouse is listed under...

Property ServicesEstate Agents

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