Revolutionary property bidding platform to transform real estate in SA

eXp Realty South Africa has launched its groundbreaking online property bidding platform, eXp iBid, designed to revolutionise the real estate landscape in South Africa. This innovative platform is set to provide an unprecedented level of transparency, convenience and fairness to both buyers and sellers.

Gawie Rossouw, operations manager at eXp Realty South Africa, expresses his excitement about the launch: “eXp iBid is a game-changer for the buyer, seller and estate agent alike. We are proud to bring this innovation to the South African market, offering a 100% fair price determination, transparent price development, and a clear digital offer process. It’s a win-win for everyone involved. We thank the PropNow team for partnering with us on this new product that will help us better serve our real estate agents.”

Jan Thiel, founder and CEO of PropNow, adds: “Working with such a strong team at eXp, the world’s largest independent real estate network, is an amazing opportunity. We are truly excited to bring our experience in digital offer management to the dynamic South African market and create a completely new customer experience in real estate sales, which benefits everyone involved.”

eXp iBid offers a fair and transparent process for buyers, ensuring they get the fairest price for their dream home. The platform provides a structured and standardised digital offer process, allowing buyers to submit their offers online from anywhere. With automatic notifications and access to relevant documents, eXp iBid is set to redefine the home-buying experience.

Monica Coetzee, eXp Realty’s property practitioner in Gauteng, shares: “I recently had the pleasure of testing the new eXp iBid platform. This innovative platform streamlines the offer-making process, making it a breeze for buyers and sellers. The user-friendly interface ensures a smooth navigation experience, and the features are tailored to meet the unique needs of each property transaction. From instant document uploads to clear communication channels, this platform truly stands out.”

She continues, “In the dynamic world of real estate, time is of the essence. The efficiency and speed with which offers can be made contribute to a more seamless and stress-free experience for everyone involved. I’m genuinely impressed with how this platform enhances the overall buying process. It aligns perfectly with the values of professionalism and attention to detail that we strive to bring to the real estate industry. It’s a high-tech game-changer.”

Advantages for buyers:

• 100% fair price determination.
• Transparent price development, eliminating the risk of overpaying.
• Structured, standardised and clear digital offer process.
• Convenient online submission from anywhere.
• Access to relevant documents for informed decision-making.
• Stay updated with automatic notifications.
• Use of the digital offer platform is completely free – sellers only pay agreed agent commission.

eXp iBid also brings unparalleled advantages to sellers. With options for open and sealed bidding, sellers can choose the process that best suits their preferences. The platform ensures optimal pricing, full market transparency, an accelerated process to save time and money, and the freedom for sellers to conclude the transaction and decide to whom they sell their property.

Advantages for sellers:

• Optimal pricing.
• Full market transparency.
• Accelerated process to save money and time.
• Freedom to conclude the transaction and decide on the buyer.
• Use of the digital offer platform is completely free – sellers only pay agreed agent commission.

Buyers and sellers participating in eXp iBid can expect a seamless process, facilitated by their real estate agents. After the bidding period concludes, the agent will guide the selected buyer through the remaining steps leading up to the contract exchange.

Advantages for agents:

• Massive time savings.
• Faster sales.
• Higher customer satisfaction.
• Better prices + more business = more commissions.
• Unique listing tool.
• No extra costs or fees for eXp Realty agents.