Dedicated to landlords and tenants, AuctionLets, provides landlords with a unique alternative to the way property has traditionally been let, offering the same level of service but with greater control for less cost.
The property finding site, which has combined two tried and tested retailing methods, auctions and competitive bidding, enables landlords to upload their vacant properties whilst potential pre-qualified, referenced tenants can bid on the property they desire. AuctionLets has already had a positive response from industry peers as well as landlords pre-registering for the site. AuctionLets has also confirmed all properties on the site will be marketed by Rightmove.
From a tenant’s point of view, the site enables them to set a price range so that they can only bid within their budget. They also benefit from access to the UKs first portable online referencing, which is valid for 90 days, and can bid on multiple properties until they are successful. To avoid signing up for more than one property, prospective tenants are only able to be the current highest bidder on one property, once they are outbid they can move onto another property.
Properties have a ‘place a bid’ and ‘make an offer’ option, whereby tenants could end up securing themselves a bargain, or some landlord may chose to include the ‘rent it now’ option where tenants can immediately secure a property for the fixed rental amount advertised, automatically ending any bids.
Landlords on the other hand, get the reassurance that the tenants bidding on their properties are quality pre-referenced tenants whilst having the opportunity to maximise their rental income or let their property quickly. Landlords decide the starting bid level as well as control the end time of the auction and move-in date.
Visit www.AuctionLets.com for more information.
