Your agent uploads your property to the Openn Negotiation platform and any other browsing portals to begin the campaign.
Note: If your real estate agent is not certified, have them contact our team to get trained in as little as 48 hours as only trained agents can list on the Openn Negotiation platform.
Interested buyers will enter their starting price and submit their terms and conditions for the Seller's consideration and approval.
Once you've signed the documentation, their pending bid comes a live bid and they're qualified to participate in the Openn Negotiation.
Now you can sit back and watch the process unfold from your device in real time! You'll be able to see how long until the Final Bidding Stage begins and stay informed on how the campaign is progressing.
The Openn Negotiation process has two stages:
Only qualified buyers, approved by the seller can participate in the Final Bidding Stage. The Seller can choose to change the reserve price and Final Bidding Stage date throughout the Campaign Bidding Stage.
There is a $400 (plus GST) fee for conducting an Openn Negotiation through the Openn platform.
If the property doesn't reach the reserve price and the Seller does not want to reduce the reserve, the property can pass in and the agent can begin to negotiate with an interested party.
If the bid is above your reserve price, the property must be sold to the highest bidder at the completion of the Final Bidding Stage, on the agreed terms.
Openn Negotiation can be downloaded to your mobile device via the App Store or Google Play. Search for the mobile app from your mobile device, or click on the store links at the bottom of this page for more details.
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Real Estate agents have to be
officially certified as an Openn
Agent to use this system. If you’re
looking for an approved agent,
we have them all here, so you can
choose the right person for you.
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