House auction during lockdown?

Discussion in 'The Buying & Selling Process' started by tonyvooz, 22nd Mar, 2020.

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  1. tonyvooz

    tonyvooz Active Member

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    How do you reckon auctions are gonna be conducted during lockdown? Online, over the phone, switch to private sale or cancel it all together? RE agents can be very creative so what will they come up with?
     
    tonyvooz, 22nd Mar, 2020
    #1
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    • Dutch auction?
    • Silent auction via email bidding?
     
    Scott No Mates, 22nd Mar, 2020
    #2
  3. The Y-man

    The Y-man Moderator Staff Member

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    Online with zoom or some other web conf platform - damned if I know how they verify the "blow in" bidder!!

    The Y-man
     
    The Y-man, 22nd Mar, 2020
    #3
  4. Lacrim

    Lacrim Well-Known Member

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    It really depends how long this lockdown will last...or how long we can afford it to last. If the potential treatments are deemed effective for the majority of cases (and we'll know in a few weeks), things will go from downright negative to reasonably upbeat overnight.
     
    Lacrim, 22nd Mar, 2020
    #4
  5. The Y-man

    The Y-man Moderator Staff Member

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    Maybe we just sell houses on Ebay or Gumtree.....

    The Y-man
     
    The Y-man, 22nd Mar, 2020
    #5
  6. tonyvooz

    tonyvooz Active Member

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    Agents have to vet all potential buyers beforehand and only give out meeting code to those who qualify. But yes, there will be lots of work and will put off many buyers
     
    tonyvooz, 22nd Mar, 2020
    #6
  7. TMNT

    TMNT Well-Known Member

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    isnt real estate agents, not part of essential business, so closed?
     
    TMNT, 23rd Mar, 2020
    #7
  8. tonyvooz

    tonyvooz Active Member

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    It's not part of essential service, but also not included in non-essential services list according to this announcement:

    Statement from the Premier - Coronavirus response
     
    tonyvooz, 23rd Mar, 2020
    #8
  9. FredBear

    FredBear Well-Known Member

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    Soon listing my PPOR for sale in Sydney, and today:

    Agent A called and informed that his agency (part of well know chain) have made the decision to cancel all on-site meetings so I would have to come to their office to meet from now on.

    Agent B called 1/2 hour later (also part of another well know chain) called and invited to view several open for inspections nearby this week.

    So what is open, what is closed in the real estate business?
     
    FredBear, 23rd Mar, 2020
    #9
  10. tonyvooz

    tonyvooz Active Member

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    An agent just called to invite me to auction of a property that I inspected few weeks ago. He said that auction is still going ahead and if I wasn't comfortable being there in person I can bid through GAVL app, which requires ID verification before bidding
     

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    tonyvooz, 24th Mar, 2020
    #10
  11. tonyvooz

    tonyvooz Active Member

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    tonyvooz, 24th Mar, 2020
    #11
  12. tonyvooz

    tonyvooz Active Member

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    Attached Files:

    tonyvooz, 24th Mar, 2020
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  13. FredBear

    FredBear Well-Known Member

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    Did anyone have any success viewing an on-line auction over the weekend? I tried to watch on www.openn.com.au, www.gavl.com and others just to see what it was like but experienced lots of tech gliches. I wouldn't trust bidding this way. NBN coming in my street in a couple of months, that might improve things.
     
    FredBear, 29th Mar, 2020
    #13
  14. tonyvooz

    tonyvooz Active Member

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    i watched 3 live auctions on GAVL app and found it to be good and smooth, no issue so far
     
    tonyvooz, 30th Mar, 2020
    #14
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