- Buyers who are do not have a bid approved BEFORE the Final Bidding stage starts, will not be able to participate.
- If you are confident of being Sold/Under Offer at the fall of hammer, allow Observers to watch the negotiation. Then, invite as many people as possible (especially future sellers) to watch!
Tell your seller to invite their friends and family to watch as well. Bidders will see the number of observers/interested people, so a big number enhances the perceived value of the property. Plus, you have a nice list of people to call and offer an appraisal! - If you do not feel confident, do a practice-run in the training environment. Get a sense for how to pause, change the reserve and change the minimum bid increment and experience the auto-increment feature
- The Auto Increment adjustment feature should be used! Click here for details
- Try not to pause too much, but if you do, keep the time to a minimum. Delays take away the excitement and adrenaline
- If a buyer tell you they are 'out', ask them why, and let your seller hear them doing so directly on speaker. This will be very powerful in terms of educating the seller and getting the reserve down
- Don't consider passing in to be a failure if you have met more buyers than you otherwise would have and/or adjusted the expectations of your seller
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Documentation & Contracts
- Listing Documents (Openn Negotiation)
-
Bidder Registrations (Openn Negotiation)
- ACT - Bidder Registration and Terms of Use
- NSW - Bidder Registration and Terms of Use
- NT - Bidder Registration and Terms of Use
- QLD - Bidder Registration and Terms of Use
- SA - Bidder Registration and Terms of Use
- TAS - Bidder Registration and Terms of Use
- VIC - Bidder Registration and Terms of Use
- WA - Bidder Registration and Terms of Use
- New Zealand - Bidder Registration and Terms of Use
- Buyer Terms of Use (Openn Offers)
- Buyer Terms of Use (Openn Tender)
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Using Openn Negotiation
- Preparing for the appraisal
- Pre-Upload
- Uploading
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Web Portal Instructions
- Instructions for managing listings on web portals
- Web portal instructions after each bid is received
- Web portal instructions - before you have a bid
- Web Portal Advertising - Price Field examples
- Web Portal Advertising - Headline examples
- Web Portal Advertising - Property description area text
- How to improve the performance of your advertisement
- Online Auction feature with realestate.com.au
- Online Auction feature with Domain
- Managing buyer enquiries and home opens
- Managing Bids
-
What to do when you have no bids
- What to do at launching a listing, to get your first bid
- What to do when you have no bids, 3-5 days after launch
- What to do when you have no bids, 7 days or more after launch
- Solutions when buyers are not enquiring at all
- Solutions when Buyers are enquiring but not inspecting
- Solutions when Buyers are inspecting but don't like the property at any price
- Solutions when Buyers are waiting to place a bid
- Before the Final Bidding Stage (FBS)
- The Final Bidding Stage
- After the Final Bidding Stage
-
Using Openn Offers
- Pre-Upload
- Uploading
-
Managing Offers
- How to instruct a buyer to place an offer
- How to progress an offer
- How to select the winner in an Openn Offer campaign
- Generating contracts to the winning buyer
- Updating Openn Offer listing to Under Offer / Sold
- Price transparency with Openn Offers
- Seller view in Openn Offers
- Minimum increments in an Openn Offer campaign
- The Final Offer Stage
- Video Tutorials
- Using Openn Tender
-
Video Library
- General Marketing Videos
-
Openn Negotiation Videos
- Video - Benefits for Buyers
- Video - Benefits for Sellers
- Video - Explainer for Buyers (Openn Negotiation demo)
- Video - The most exciting way to buy and sell real estate
- Video - Cyril, an 80 year old seller
- Video - Openn Negotiation Explainer for Buyers (Mandarin / Chinese)
- Video - Cyril’s Openn Negotiation experience as a seller
- Video - Openn Negotiation Buyer Timeline
- Video - Michelle's Seller experience
- Video - Preparing Buyers for the Final Bidding Stage
- Video - Meet Lindsay and Kim, the Buyers who became Sellers
- Video - Michelle's buyer experience
- Openn Offer Videos
-
SMS & Email Templates
-
Openn Negotiation / Auction
- Buyer price enquiry response (email)
- Confirm appraisal and prepare to discuss Openn (SMS)
- Following new bid on property to registered interest / unqualified buyers (SMS)
- Convert a listing to Openn after receiving a low offer (SMS/Email)
- Buyer price enquiry response (SMS)
- Reminder to interested buyers following enquiry (SMS)
- Confirm appraisal and prepare seller (Email/SMS)
- Instructions on how to bid (SMS/Email)
- Convert a stale listing to Openn (SMS/Email)
- Reminder to non-qualified bidders to register before FBS (SMS)
- Confirm bidder is now qualified to participate (SMS/Email)
- Have your seller help to get a better price (Email)
- What to do when you have no bids (SMS/Email)
- Preparation instructions for bidders before FBS (Email)
- Follow up on email sent to prepare Bidder for FBS (SMS)
- Preparing for the Final Offer Stage (Email)
- Openn Offers / Private Treaty
-
Openn Negotiation / Auction
- Resources
- Tutorials & How To
Key tips for the Final Bidding Stage
Modified on: Wed, 17 Aug, 2022 at 11:05 AM
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