MultiBID creates an open-bidding environment for buyers. This transparency is the key to using MultiBID and is one the most common reasons buyers do not participate in certain ‘bidding wars’ as the market has called it.
In some cases the current system prevents buyers from bidding what they really are prepared to buy a property for, and sometimes may overpay for a property because they were provided a false sense of demand for that property.
MultiBID was designed to support existing real estate professionals and to create the ultimate platform for both Sellers and Buyers to transact in confidence.
Our Buyer’s Premium is a fractional charge (0.15%) of the final sale price and charged to the Buyer only upon the successful Winning of a Live MutliBID property event. For example, on a property with a final sale price of $750,000.00 the Buyer Premium will only be $1,125.00 plus HST. This is much smaller than any competing sign back that you as a buyer would provide in traditional bidding war scenarios.
MultiBID is designed to be the future of transaction in real property transactions as it creates the ultimate win-win for both Buyers and Sellers alike.
