There were times when real estate auctions engaged only investors. Nowadays it’s a perfect spot for a median consumer to look for property, which price and quality corresponds to each other. Lately real estate auctions have been taken to the next level. Its online performance became possible, which made real estate auctions more accessible and popular.
Thus, as it becomes so marketable, the order of the day is the subject: How to create a website for online real estate auctions.
Our Dinarys team summarized the basic auction website facilities that should be available both for seller and bidder to significantly benefit from your business:
Account registration. It’s the first stage for every user to evaluate all your website possibilities & content and to start taking advantage of it. In fact, there are certain real estate portals, which strictly require an appropriate license to take part in their auction activities. So this feature is even more crucial for auction websites with such rules. A standard account registration form should contain email address and/or site login, address, zip code, phone number, optionally links to guest’s social media and so on. This process should be easily and quickly customizable to let impatient users see what’s inside. Payment info is one more thing to fill out, so there’s a necessity of integration of payment gateway to process financial transactions.
Adding property. It’s an obvious facility, as sellers should have the opportunity not only to represent their property, but also to add all needed details concerning a lot as well as real estate pictures, desirably qualitative and recently made. By the way, consider a 3D visit feature, it aims to increase buyers interest, and the retailer will be endlessly grateful to you.
Bidding process. What features can be implemented to make a bidding process comfortable and accurate:
- A bidding countdown clock. It’s a timer that sets the time, during which a bid must be increased. In case it’s not done in time, the last bidder wins the lot;
- Automatic bidding is a useful innovation for users to stay anonymous and to entrust their participation a proxy software, which role is to regulate auction flow automatically;
- Buy It Now function. It allows sellers who agree to set a fixed price for their property to finish the deal at once.
Schedule. All bidders must be aware of every upcoming real estate auctions that could be actual for them, as it’s a responsible moment not to lose their favorite lot. Also a brief summary comes in handy, so users can estimate other users’ behavior related to a common lot. This data is very useful to decide what step to take next and probably to enlarge the excitement around the wanted property. This point is into the hands of retailer too!
There are even more hints, revealed in the article called “How to Build Online Real Estate Auctions”. As soon as you are informed about all the thinness and tendencies of the creating and maintenance process, you will manage to run a successful online real estate auction business and make your website be always in trend.