Methods of Sale
How We Sell Property with clicktopurchase®
Flexibility in the Sales Process
Our network is able to offer the flexibility to conclude a sale by private treaty, best offers or digital auction, at any point during the sales process.
Buyers can participate from anywhere in the world, safe in the knowledge that their offer, be it private treaty, best offers, or at an AI-controlled auction is safe and secure, accountable and fair.
Selling with clicktopurchase® Private Treaty
A clicktopurchase® offer is a legally binding commitment by a purchaser which, if accepted, results in an instant online exchange of contracts.
After a purchaser is verified, they can make an offer that can be accepted instantly. Private Treaty is the standard method of sale within the clicktopurchase system.
KYC and Anti-money laundering checks are done as standard.
Contract amendments, if required, will be fast and easy by either amendments to the General Conditions of Sale and Particulars of Sale, or by way of an Addendum.
Selling with clicktopurchase® Best Offers
If selected, a sale can be concluded by an online binding “Best Offers” tender.
When a property is placed on the market, you can select to offer it via our Best Offers sales method at any time. This has an expiration date for accepting offers and the highest offer wins. All offers are included in our Audit Trail for full transparency.
KYC and Anti-money laundering checks are done as standard. The offer is accepted on the instructions by our seller.
You will need to submit your clicktopurchase® offer by the published time and date. Offers will not be capable of submission beyond the deadline.
Selling with clicktopurchase® Auctions
Even though we are not an auction business, we have built a fantastic auction within our clicktopurchase® system as another method of sale.
- Our auctions emulate the “traditional” auction process but online
- Bidders can interact with the auctioneer, live
- We provide the option for auctions to be conducted by “gAbI”, our artificial intelligence auctioneer
- All bids are recorded in an electronic audit trail
- Legal exchanges on acceptance of a bid generate electronic contracts with digital signatures
- The audit trail is recorded in Blockchain
What is The Difference Bidding Against the Agent or the Artificial Intelligence Auctioneer? None!
Important Notice to Auction Bidders
Please visit the clicktopurchase® Knowledge Base for Auctions which contains important information you should review if you are intending to bid in a clicktopurchase® auction. Note: we are not responsible for your failure to adequately prepare for auction.
What Happens When an Offer is Accepted?
When a clicktopurchase® offer is accepted by the selling agent,
- A binding contract of sale is formed
- A contract note is generated with digitally encrypted signatures attached
- All related parties are notified of the sale
- The property is marked as “sold”
- The sale is recorded in the clicktopurchase® Blockchain ledger
