How to place a bid and become a qualified bidder

This video contains information about how to place a bid and become a qualified bidder

 

Selling a property by Openn Negotiation still requires professional real estate agents to take normal precautionary steps to ensure buyers subject to conditions have suitable pre-approval.

The agent has a number of ways to help buyers place their first bid on a property

  1. Copy & Paste the share link and post it on social media, or send it via text or email.
  2. Put a ‘make a bid’ button on your website using the button integration feature 
  3. Send an invitation to bid by entering the buyers information into the system and then clicking ‘invite’. This can even include the bid amount.
  4. Instruct them to go to Openn.com.au or download the app, search for the property address, and place a starting bid. This is really easy, and we have a short video here that demonstrates the process as well.

Once a buyer has made a starting bid they will be able to enter their personal details and terms or skip this stage and be assisted by the agent to complete their terms. Once complete they will see the Place a Bid button is replaced with Pending Bid Approval.

 

 

COMPLETING THE PAPERWORK

  • All bidders need to complete and sign the relevant documentation for their state, including their personal information and any offer terms they may want to submit. This can be completed digitally in states where Contract Automation is supported.

All details entered into the Buyer Qualification documentation is binding - make sure it is accurate!

SELLER APPROVAL

  • Once the buyer has signed the paperwork, the Seller needs to approve their terms and also sign (except in NSW). If the seller doesn’t accept the terms for any reason, you should renegotiate on the terms with both buyer and seller to attempt to reach a joint approval 

BUYER QUALIFICATION

  • When the terms are signed by buyers and sellers, the Buyer is now qualified and pending bid is approved by the agent. The pending price will become a live bid and the Bidder will be allocated their own unique paddle number and colour and are now able to improve their bid at any time and participate in the Final Bidding Stage (FBS).

Do not approve a bidder in the app, until all their contract documentation is signed and your Seller has approved their terms.


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