Geelong agents turn to tech-savvy solutions to keep real estate deals ticking over

Geelong agents turn to tech-savvy solutions to keep real estate deals ticking over nmprofetimg 1650
Auction at 13 Vincent Ave, Geelong  Geelong agents turn to tech-savvy solutions to keep real estate deals ticking over capi acc764c1ef6e99c413648c601e2a1d53 f0ced2467072f4b55af6e3abbf31f413

Many online viewers tuned in to watch as McGrath, Geelong agent David Cortous live streamed the auction of 13 Vincent Ave, Geelong last weekend.

BUYERS still active in the Geelong property market should be reassured homes will continue to trade despite bans on auctions and open homes, agents say.

Virtual inspections and online bidding platforms have come into their own as local agents grapple with strict social distancing measures.

Some got on the front foot last weekend, introducing live streams of inspections and auctions, with buyers able to bid remotely from the safety of their couch.

RELATED:
What to do if your home is on the market

Thousands of Victorian auctions axed

Landlords come to the table as rental stress bites

Many auctions scheduled for this Saturday have switched to private sales, although McGrath, Geelong agent David Cortous said his office planned at this stage to live stream the call of its two auctions from outside the properties, without bidders or a crowd.

Potential buyers have to register with the agency to bid remotely through Auction Now.

Mr Cortous said many peopled tuned in for the first trial of the technology on Saturday.

Supplied Editorial 3 Limeburners Rd, East Geelong for Geelong Advertiser real estate section  Geelong agents turn to tech-savvy solutions to keep real estate deals ticking over capi acc764c1ef6e99c413648c601e2a1d53 1c2cdab8ec5b21c63a62d9c5eed4aee0

Registered buyers can bid remotely for 3 Limeburners Rd, East Geelong on Saturday.

He said the agency would continue to run auctions remotely this way, either from the properties, or an office type location if legislation changed.

“It came across really well,” he said.

“You can bid from your phone and the penciller, who normally has a pen and paper, has an iPad.

“As a bid comes in they actually put it into the system and if someone is at home they can bid.”

Auction of 8 Stephen St, Newtown  Geelong agents turn to tech-savvy solutions to keep real estate deals ticking over capi acc764c1ef6e99c413648c601e2a1d53 20f0a1acc3c468df8f73e6bf9d08947c

Newtown agent Dale Whitford, left, will switch from public auctions to private sales.

McGrath is among many Geelong agencies that have already adopted the online bidding platform Openn Negotiation.

It allows qualified buyers to put forward offers from the first day of a campaign, with all bids visible online for the competition to see.

“The world has changed dramatically very, very quickly but real estate is resilient,” Mr Cortous said.

“We are still listing and we are still selling. Real estate is not a short-term investment, it’s a medium to long-term investment.”

Supplied Editorial 2 Remony Ave, Highton for Geelong Advertiser real estate section  Geelong agents turn to tech-savvy solutions to keep real estate deals ticking over capi acc764c1ef6e99c413648c601e2a1d53 38a6ec9a749603f99020ea6f408d7dfb

2 Remony Ave, Highton was due to be auctioned on Saturday but is now selling privately for $1.1 million.

Realestate.com.au yesterday launched a new digital inspections feature for properties listed for sale or rent.

Newtown agent Dale Whitford said it would give buyers the options of doing a virtual walk-though or they could still arrange a traditional private inspection.

“Properties will still transact,” Mr Whitford said.

Paterson St auction  Geelong agents turn to tech-savvy solutions to keep real estate deals ticking over capi acc764c1ef6e99c413648c601e2a1d53 842a5115a4820c04c1e50d4bcd2c4224

People were out in force at this East Geelong auction earlier this month.

Bellarine Property had promising results after switching its 50 scheduled open homes to live streams last weekend to protect vendors and buyers.

Bellarine Property, Barwon Heads agent Levi Turner said with 40 per cent of its buyers coming from outside the area, the early call made sense.

“Over 550 people watched those and out of that four private inspections have been picked up,” Mr Turner said.