How does Biddin.com differs from other real estate website
Unlike the typical marketing website, Biddin.com is a 24/7 online marketplace which provides a transparent Biddin transaction system to ensure a fair and optimal pricing for both sellers and buyers based on real-time market supply and demand.
On Biddin.com, you will be able to find the latest and widest range of real estate that suits your needs, be it a home, investment or commercial purposes. We provide comprehensive information on every property listed, for you to make an educated and informed purchase decision.
How do I list my property for sale/rent on Biddin.com?
The appointed real estate representative will ensure that you are properly guided through
Will my property be sold at a very cheap price?
No, you are able to decide on the reserve price. If bids are below the reserve price, the property will not be sold.
What if the winning bidder decides not to purchase the property?
All bidders are verified before the auction and have signed a Bidding Agreement, which contractually binds them to purchase the property if they are the winning bidder.
Will I know the reserve price?
On the bidding page, there will be a notification "Reserve price not met". If the reserve price has been achieved by the last bidder, this notification will not appear.
Do I need an Approval In-Principle before the auction?
As all bids are binding, we suggest you check with your bank or get an Approval In-Principle prior to the auction.
Why do I need to sign a Bidding Agreement?
As our auctions are conducted online, we need to ensure that each bidder is verified and contractually bound to purchase the property if they are the winning bidder. You only need to sign the Bidding Agreement once, to be able to bid on all properties on our website.
Can I change my mind after putting in a bid?
No, all bids are binding offers, and you are contractually obliged to purchase the property if you are the winning bidder.
Can I make an offer to the seller without putting in a bid?
No, we run an exclusive sales process for each property, and all bids are required to be put through the website to ensure transparency for all users.
What if I keyed in the wrong bid?
We have created a fictitious sample property for you to test out bidding first. After you key in a bid, a pop-up will show you the price that was entered, and ask you to confirm. If you still click confirm on the wrong price, please email us with details, and contact the salesperson. It is up to our sole discretion to modify/cancel any bid.
What is a reserve price?
A reserve price is the lowest price in which a seller is willing to sell a property. If bidding doesn't reach the reserve price, the seller isn't obligated to sell.
Why isn't the reserve price published?
The reserve price isn't published because it can be lowered. Depending on market conditions, the seller has the flexibility to adjust the reserve downward in order to sell the property at a price that works for everyone.
What else do I need to participate in one of your online bidding?
All you need to participate is an internet connection and a credit card. A pre-authorization hold will be placed (but not charged) on your credit card for the property you register for and intend to bid on. Please see the bidder registration page for the amount of the hold.