New Player, Big Future in Online Real Estate

Perth, Australia, April 17, 2009 --(PR.com)-- Three recent Perth home sales have boosted the profile of geewizauctions.com, Australia’s online real estate auction website. Two successful results were achieved during the five week set marketing period on geewizauctions.com, with buyers outbidding each other in the final hours of the auctions, and the other sold very quickly after the close of auction.

‘The recent successful online auctions on Geewizauctions.com highlights the benefits of this style of auction, including a much quicker sale than the average time taken to sell property,’ says Tony Wiles, director of Geewizauctions. The set marketing period of five weeks is attractive to sellers who don’t relish the prospect of potentially sitting on the market for several months. ‘The countdown to auction close also adds an element of excitement, similar to that at a “traditional” auction,’ said Tony Wiles.

The homes in Canning Vale and Girrawheen were both listed and sold by Supersell Real Estate. Laura Grimes, who listed the Girrawheen property said, ‘I didn’t have to sell the Geewiz Auction idea to my client as he had seen the website and was excited to try something new in a challenging market.’

On geewizauctions.com offers can be made in a comfortable environment rather than in a stressful face to face negotiation, or at a high pressure auction amongst strangers, allowing tentative buyers to take the plunge from the safety of their lounge room or in fact anywhere they have an internet connection. However, the flexibility of the system means that those buyers who may not have computer access or may prefer to make a written offer are not excluded.

Although still relatively small, Geewizauctions.com has a big future ahead as more and more agents take to online selling strategies to meet the demands of sellers and buyers. To find out more about Geewiz go to geewizauctions.com or call them on 9450 7960.

About GeeWizAuctions.com
A stand alone website more than three years in the making, the “Geewiz” model brings a new level of transparency to real estate sales and makes auctions more accessible to sellers and buyers. Instead of a physical auction being held on one day, it runs for five weeks online, taking away the pressure but not the excitement.

Buyers view extensive property information online including disclosures and the terms of sale, allowing plenty of time to assess all the information, view the property if they are local, and place their bid online.

In a forward thinking move Geewizauctions.com allows bids that are cash, subject to finance or subject to the sale of property.

‘Nearly all residential properties suit this type of sale, and it enables sellers to experience the benefits of an auction without the large up front cost. Home owners wanting greater exposure and more control simply contact their local “Geewiz Accredited” real estate agent to get started.’ said Tony Wiles, CEO of geewizauctions.com.

GeeWizAuctions.com uses in-built bidding technology to ensure genuine bidding and a dedicated server allows agents to upload information quickly and easily. Properties can display unlimited photos, virtual tours, a range of documents, google mapping, and even video links to Youtube.com, providing extensive information for buyers not familiar with the local area. A Geewiz auction is definitely worlwide.

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