Electronic Real Estate Market
There is a new tool being developed for the real estate market which allows home sellers and their agents
to create an electronic marketplace for openly and transparently accepting offers. N-Play allows potential home buyers to submit their offering price openly through the N-Play site. Other potential buys can see those offers and so can the home owner.
There are a few advantages, being that both the seller and buyer can see what current market is for their property. The open nature encourages interested buyers to make as attractive an offer as they can knowing other potential buyers are watching, and competing.
At the same time the system is potentially susceptible to outside influences. Since the offers are non binding (written real estate offers are binding if accepted since they are contracts) there is a potential for outside influence in the form of multiple low or high offers altering the perception of genuine buyers. As a marketing and exposure tool N-Play could generate property interest and help both buyers and seller better understand the current market price for property.
Comments
Life In Queen City » Electronic Real Estate Market
Nov 5th, 2008[...] seller better understand the current market price for property. I look forward to using this in my Cincinnati Real Estate [...]
cinplify.com
Nov 5th, 2008Electronic Real Estate Market…
Here is an amazing new technology that creates a transparent real estate pricing system. It is a unique new concept in the real estate market and could drastically impact Cincinnati home sales….
Finest Real Estate Info » Blog Archive » Electronic Real Estate Market
Nov 5th, 2008[...] Alison Moss wrote an interesting post today onElectronic Real Estate MarketHere’s a quick excerptSince the offers are non binding (written real estate offers are binding if accepted since they are contracts) there is a potential for outside influence in the form of multiple low or high offers altering the perception of genuine … [...]
Safe Real Estate Info » Blog Archive » Electronic Real Estate Market
Nov 5th, 2008[...] Alison Moss wrote an interesting post today onElectronic Real Estate MarketHere’s a quick excerptSince the offers are non binding (written real estate offers are binding if accepted since they are contracts) there is a potential for outside influence in the form of multiple low or high offers altering the perception of genuine … [...]
Real Estate Newbie Info » Blog Archive » Electronic Real Estate Market
Nov 5th, 2008[...] Alison Moss wrote an interesting post today onElectronic Real Estate MarketHere’s a quick excerptThere is a new tool being develooped for the real estate market which allows home sllers and their agents to create an electronic marketplace for openly and transparently accepting offers. N-Play allows potential home buyers to submit … [...]
Real Estate Secret Info » Blog Archive » Electronic Real Estate Market
Nov 5th, 2008[...] Alison Moss wrote an interesting post today onElectronic Real Estate MarketHere’s a quick excerptSince the offers are non binding (written real estate offers are binding if accepted since they are contracts) there is a potential for outside influence in the form of multiple low or high offers altering the perception of genuine … [...]
The Best Real Estate Info » Blog Archive » Electronic Real Estate Market
Nov 5th, 2008[...] Alison Moss wrote an interesting post today onElectronic Real Estate MarketHere’s a quick excerptSince the offers are non binding (written real estate offers are binding if accepted since they are contracts) there is a potential for outside influence in the form of multiple low or high offers altering the perception of genuine … [...]