Unreserved, the First Transparent Online Auction Site in Canada
OTTAWA-A startup based in Ottawa is trying to shake up real estate by hosting an online auction for homes. All bids are public and there is a small difference.
Unreserved is the company and they are looking to get a piece in the hot housing market.
Six months ago, Anamika Srivastrava and Ashish Srivastrava emigrated to Canada. Unreserved was used to purchase their first home.
“I thought why not?” “Let’s move on and let go some numbers,” Anamika said.
This is how it works. Buyers can view other bids online so they can make adjustments or increase their bids.
Anamika says, “And that’s what’s the best part.” “We’re going see the numbers on the screen. Then, you’d see that there was only half an hour remaining. We were playing the entire game. It was really fun.
Imagine a scenario where everyone is relaxed and enters numbers on Friday. It began as a game. He says that when you win it, you get a house.” Ashish laughs.
Ryan O’connor, founder and CEO of the company, claims he created Canada’s first transparent online auction site.
O’Connor states that buyers have complete confidence knowing they won’t pay too much $ 50,000 to $ 100,000. It works. We are thrilled that we were able to eliminate the blind bid and give buyers confidence after many buyers pulled out of the market. It is now possible to bring them back.”
The key is to be creative in your strategy and always think of ways to use other people’s money to fund your transactions. They consider the steady income from payment of the principal and interest on notes which is more attractive than cash that would be heavily taxable in the immediate. Ultimately, the afore mentioned mentors have led me to find my passion. What can you estimate the market value of your property to be? That of course doesn’t guarantee that you can actually get that much (or pay that little), but it it does show what your property would sell for if it followed you current market trends. If you’ve ever purchased a home before, you’ve likely heard of escrow