Most propetry put up for online auction bidding has a reserve set, but the rate may not always be sensible based on market needs and trends
To big a reserve and you will get no sale or let of a property, too low and chances are you could give away the deal at a silly price. So how do you set a fair reserve?
For starters the offer itself needs to be attractive if it is to command a good price and its location and condition warrant it. If the property is unusual, run down or in a remote location it may be both hard to value and even harder to sell or let.
Most online auction sites like www.bidvac.com have auto relist (free) so you can test the waters with a reserve BUT with a LOW starting bid say 0.01 and see what happens.... then see the best bid and assess against your reserve.
Chances are first try will be wide apart so try and narrow the gap - the problem is the bidders do not know the reserve so are bidding blind and could be wasting their time if the max bid still fails to hit the reserve.
Remember LETTING vacation and holiday property for a few days or weeks is EASIER by nature of the value and cost than SELLING which means serious money being asked for and bid.
In law BUYING by online auction is not in itself a binding contract but more of an agreement in principal and subject to paying deposits, doing surveys and using lawyers on both sides. Closing a deal can take many months, more so when buying or selling across country borders.
Its as well BEFORE bidding to BUY you open up an email chat with the seller to get to know each other, could can always close a deal outside the auction in which case the online auction will have proved a great INTRODUCTION SOURCE.... neither side will then of course benefit from a RATING.
Wednesday, 4 April 2007
Using Buy Now when offering deals
The bid turn off when listing properties is to create a BUY NOW option at a huge price and forget the bidding option altogether.
BUY NOW (also known as BUY OUT) works best when normal BIDDING starts low say 0.01 so allowing the bidders to think they may get a bargain.
If you have set a fair reserve at or below the BUY NOW price then you stand a good chance of closing a deal BUT buyers and renters on vacation and holiday property sites want BARGAINS if you cannot or will not offers deals and discounts then you will waste your time and theirs.
There is in truth far more people LOOKING for well priced travel deals across the globe, air fares are cheap so the world is open to everyone who can secure the purchase or rental of a suitable property at a fair price.
If you think web surfers have pots of money to buy up or rent at top dollar think again - you can keep up bookings and make good profits - YEAR ROUND if your prices are good and sensible ----
Most online auction sites like www.bidvac.com offers commission free listings and even if you take advantage of the (optional) listing enhancements and features the cost in minimal...
BUY NOW (also known as BUY OUT) works best when normal BIDDING starts low say 0.01 so allowing the bidders to think they may get a bargain.
If you have set a fair reserve at or below the BUY NOW price then you stand a good chance of closing a deal BUT buyers and renters on vacation and holiday property sites want BARGAINS if you cannot or will not offers deals and discounts then you will waste your time and theirs.
There is in truth far more people LOOKING for well priced travel deals across the globe, air fares are cheap so the world is open to everyone who can secure the purchase or rental of a suitable property at a fair price.
If you think web surfers have pots of money to buy up or rent at top dollar think again - you can keep up bookings and make good profits - YEAR ROUND if your prices are good and sensible ----
Most online auction sites like www.bidvac.com offers commission free listings and even if you take advantage of the (optional) listing enhancements and features the cost in minimal...
Saturday, 17 March 2007
Vacation property owners swapping properties
Vacation property owners swapping properties?
yes, a lot of owners of vacation and holiday property have free periods they want to move and can trade these with similar owners - so both get as such a FREE break.
For more details see our pages which explain the concept in far more detail
http://www.bidvac.com/custompage.php?id=7
yes, a lot of owners of vacation and holiday property have free periods they want to move and can trade these with similar owners - so both get as such a FREE break.
For more details see our pages which explain the concept in far more detail
http://www.bidvac.com/custompage.php?id=7
Why offer vacation property and accommodation by auction?
Why offers vacation property and accommodation by auction?
Well the folk with the property or places to let have a problem - they have no bookings and its running out of time for those periods. Cash flow suffers so a little money is better than no money.
Bidding for these unlet or unsold periods of a few days to a week or more can offer big savings.
Bidding can start for as little as 1 cent - but the advertiser can have set a reserve since clearly they want a FAIR price to cover things like electricity and changing sheets so be fair to them get 50% or even 75% or more off the normal price and you are a winner already - hoping for 99% off forget it.
Since time scales are shorting winning an offer means you could be off in a few days or few weeks at most - so make sure your passport is uptodate and any medical issues covered plus insurance ---- save and enjoy
Post your own offers or look for bargains at www.bidvac.com the place on the web for vacation and holiday auctions.
Well the folk with the property or places to let have a problem - they have no bookings and its running out of time for those periods. Cash flow suffers so a little money is better than no money.
Bidding for these unlet or unsold periods of a few days to a week or more can offer big savings.
Bidding can start for as little as 1 cent - but the advertiser can have set a reserve since clearly they want a FAIR price to cover things like electricity and changing sheets so be fair to them get 50% or even 75% or more off the normal price and you are a winner already - hoping for 99% off forget it.
Since time scales are shorting winning an offer means you could be off in a few days or few weeks at most - so make sure your passport is uptodate and any medical issues covered plus insurance ---- save and enjoy
Post your own offers or look for bargains at www.bidvac.com the place on the web for vacation and holiday auctions.
Thursday, 15 March 2007
Welcome to BidVac's Blog
Hi
I am new to blog spots (does it show that bad?) and I am here to provide online info and dicussion on the matter of trading vacation and holiday home rental space.
For the owners unlet space looses money so by putting them on site for BIDDING they can at least get some money coming in, cash flow is vital. And who knows we may get a referral or return.
For the person or family seeking a lst minute break of a few days or weeks the chance of saving 25, 50 or even 75% is hard to resist.
See me article already on the web about the issue.
http://ezinearticles.com/?Does-Trading-Unlet-Vacation-Property-Periods-Make-Sense?&id=479794
Let me know your experiences as OWNER or RENTER on buying or selling bu auction - or ask questions. My own web site offers FREE listings for property and accommodation so drop in to http://www.bidvac.com anytime.
I am new to blog spots (does it show that bad?) and I am here to provide online info and dicussion on the matter of trading vacation and holiday home rental space.
For the owners unlet space looses money so by putting them on site for BIDDING they can at least get some money coming in, cash flow is vital. And who knows we may get a referral or return.
For the person or family seeking a lst minute break of a few days or weeks the chance of saving 25, 50 or even 75% is hard to resist.
See me article already on the web about the issue.
http://ezinearticles.com/?Does-Trading-Unlet-Vacation-Property-Periods-Make-Sense?&id=479794
Let me know your experiences as OWNER or RENTER on buying or selling bu auction - or ask questions. My own web site offers FREE listings for property and accommodation so drop in to http://www.bidvac.com anytime.
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