Sellers


Access to larger markets:
 By selling on BidStream you get access to so many different markets. Traditionally, a property auction is held at the property or venue. Your buyer would have to be the venue on the date and at the time your property is due to be auctioned. With BidStream, buyers can bid on your property from anywhere in the world!


Cost saving: A traditional property sale would run through an agent/broker and would attract a sales commission of 5% -7% on the sales price. So, you sell your property for R2mil your commission would be R100 000 to R140 000. This means that you would only get R1 900 000 - R1 840 000 in your pocket. With auctions, the BUYER pays the fees of 10% on top of the selling price. So, if they buy your property for R2 000 000 + R200 000 = R2 200 000. The winning bid is what you get paid.


Top marketing: BidStream has a super-strong marketing team that will tailor-make a marketing strategy for you in order for you to create the maximum amount of hype around your property before the auction. Marketing channels include Website SEO, Google Adwords, 3rd party property portal advertising, Street Pole Ads, Database Mailshots to pre-qualified buyers, outdoor signs, Arial and Ground Photography, Video Production.


Experienced property consultants: BidStream has a team of highly experienced property consultants who will hold your hand throughout the sales cycle. They are always on hand to advise you on the best course forward and assist wherever needed.


Transparent: From the beginning of the process to the last signature you are kept informed if every aspect of the process.


No long negotiation periods: The auction is run over a set time, usually 8hrs. Once the time runs out the deal is done.


No more time-wasters: All potential buyers have to go through our process of vetting. They would have to commit a deposit to participate in the auction as well as provide us with all their FICA documentation before having access to your auction.


Set your reserve price: During your first consultation, we will discuss your pricing strategy. Your consultant will help you come to an acceptable sales price to you. Together with your consultant, you will discuss and settle on the reserve price. On the day of the auction, should the reserve price not be met, the property will not be sold.


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