Buy property
Products
Fully customisable presentation builder designed for agents
All-in-one digital document signing platform with up-to-date contracts
Integrations
Level 1
Donec id elit non mi porta gravida.
Level 2
Donec id elit non mi porta gravida.
Level 3
Donec id elit non mi porta gravida.
Level 4
Donec id elit non mi porta gravida.
Level 5
Donec id elit non mi porta gravida.
Level 6
Donec id elit non mi porta gravida.
Pricing
SELLING YOUR HOME WITH A TIMED AUCTION OR TIMED SALE

Get a better result with a timed auction or timed sale

So your agent has suggested you sell your property via a timed auction or timed sale. What does that actually mean?

  • Timed auctions and timed sales are a great way for your agent to manage multi-offer scenarios with speed and accuracy.
  • Everything is conducted online, meaning buyers can participate at any time, from anywhere, widening your buyer pool.
  • The process is completely transparent – everyone can see the current highest bid or offer – building trust with buyers.
Buy-Realtair_Timed-Sale_Timed-Auction_Vendor

How does it work?

A timed auction or timed sale is run completely online and to a deadline. A timed auction is overseen by an auctioneer and is unconditional and binding. A timed sale is similar to a private treaty campaign – it’s a conditional sale, overseen by an agent and with a cooling off period. Both are transparent, trustworthy and secure.

Icon_Interface
Your agent will set up a Realtair listing with all the relevant details.
Icon_Timer
Buyers can participate at any time before the timer hits zero.
icon_five minute timer
Bids or offers in the last five minutes reset the timer for five more minutes.
icon_Price gaval
When the timer reaches zero, you'll know who the highest buyer is.
Icon_Interface
Your agent will set up a Realtair listing with all the relevant details.
Icon_Timer
Buyers can participate at any time before the timer hits zero.
icon_five minute timer
Bids or offers in the last five minutes reset the timer for five more minutes.
icon_Price gaval
When the timer reaches zero, you'll know who the highest buyer is.

FAQ

Do I have to sell to the highest buyer?

If it’s a timed auction and your reserve has been met, then yes. A timed auction is run as a standard auction and follows the same legal protocol as one.
A timed sale is a conditional sale with a deadline. At the end of that deadline, it’s still at their discretion who to sell to. Their choice could be influenced by the conditions attached to your offer. For example, the settlement periods, reduced deposits or similar considerations.

How can I tell the buyers are legitimate if everything is online?

Buyers must register online and provide relevant identification in order to participate. Your agent must approve the registration, ensuring they’re real buyers beforehand.

Does the buyer have to proceed with the sale after the countdown finishes?

Timed auctions are conducted under the same terms and conditions as a regular auction, meaning that if your reserve is met, the sale is unconditional and the buyer must proceed.

Timed sales are a conditional form of sale, similar to a private treaty sale. This means the final offer is non-binding until the buyer signs the contract. Likewise, you may choose an offer with more favourable terms.

FAQ

Do I have to sell to the highest buyer?

If it’s a timed auction and your reserve has been met, then yes. A timed auction is run as a standard auction and follows the same legal protocol as one.
A timed sale is a conditional sale with a deadline. At the end of that deadline, it’s still at their discretion who to sell to. Their choice could be influenced by the conditions attached to your offer. For example, the settlement periods, reduced deposits or similar considerations.

How can I tell the buyers are legitimate if everything is online?

Buyers must register online and provide relevant identification in order to participate. Your agent must approve the registration, ensuring they’re real buyers beforehand.

Does the buyer have to proceed with the sale after the countdown finishes?

Timed auctions are conducted under the same terms and conditions as a regular auction, meaning that if your reserve is met, the sale is unconditional and the buyer must proceed.

Timed sales are a conditional form of sale, similar to a private treaty sale. This means the final offer is non-binding until the buyer signs the contract. Likewise, you may choose an offer with more favourable terms.

“A timed auction removes pressure on the day. The agent can spend that effort and energy negotiating with buyers, supporting them in their decisions and getting the best result for the vendors."

Oscar Nicholls
Senior Sales Agent, Raine & Horne Lower North Shore

Get the best result with a timed auction or timed sale

Need help? Get in touch

Get the best result with a timed auction or timed sale

Need help? Get in touch