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Zoopla.co.uk launches live property auctions
Zoopla has just launched what it believes is a very exciting and innovative new section to the Zoopla.co.uk website - live online property auctions with its partner Real Estate Disposition Company.
From today, house hunters will be able to search properties for sale several weeks in advance at Zoopla.co.uk/auctions, arrange viewings with the relevant estate agents and then place online bids during the live four day auction period. At the end of the live period, the successful bidders will exchange contracts online.
The first online auction of approximately 150 homes will begin on February 11 and end on February 14. Thereafter live online auctions will take place regularly running from Thursday afternoons to Sunday evenings.
Zoopla sees online bidding as the future of property auctions not only for the buyer, but also for the seller. For buyers - online bidding gives the buyer the chance to purchase property from motivated sellers in a simple, transparent way with certainty of outcome. For sellers (through estate agents only) - ability to set a reserve price and market via auction as well as the traditional route to achieve the best sales outcome in terms of exposure, price achieved and speed of sale.
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