Writing a traditional offer you never know if you’re going to win or not, but this new online platform will allow users to bid online and see if they’re winning or losing in real-time.
POLICE OFFICERS DISTRICT-WIDE TOMORROW. BACK TO YOU. ALL RIGHT. THANK YOU, MARK. POTENTIAL HOME BUYERS IN THE TRIANGLE’S HOT HOUSING MARKET MAY BE UP AGAINST SOME NEW COMPETITION. >> ALL NEW TONIGHT, A RALEIGH BASED REAL ESTATE AGENCY IS PARTNERING WITH A COMPANY ALLOWING BIDDING WARS ONLINE WRAL’S. AARON THOMAS JOINS US LIVE TONIGHT TO WALK US THROUGH HOW THIS PROCESS WORKS. SOMETHING ELSE FOR US TO THINK ABOUT AIR. >> YEAH, WE’LL YOU KNOW, IT’S PRETTY HARD NOWADAYS TO FIND A HOME IN A NEIGHBORHOOD LIKE THIS ONE, THE TRADITIONAL HOME BUYING PROCESS. YOU DON’T REALLY KNOW IF YOU’RE WINNING OR LOSING ON A BID FOR THIS. ALL MY PLATFORM THAT WE’RE TALKING ABOUT A LOUSY TO BID AND YOU’LL KNOW IF YOU’RE WINNING OR LOSING. >> AND REAL TIME. >> SEARCHING FOR THE PERFECT HOME CAN BE A LONG AND FRUSTRATING JOURNEY TO ROME. HUDDLESTON SEASON OVER AND OVER AGAIN WITH HIS CLIENTS IS TAKING A LOT OF DRY. HE WALKED US THROUGH THIS HOME, LOCATED IN ARCHER LODGE AND WALKED US THROUGH A NEW WAY TO PURCHASE IT THROUGH A PLATFORM CALLED DORSEY FOR BUYERS. REALLY? WHAT IS GOING TO BE IS THAT YOU KIND OF THE OFFER DETAILS UP FRONT. YOU KNOW, THE SELLER’S ASKING YOU CAN SEE THE BIDS OF THE OTHER BUYERS, THIS 4 BED 3 AND A HALF BATHROOM HOME IS THE FIRST HOME WITHIN THE TRIANGLE HOUSING MARKET THAT OPEN FOR BIDDING ON THE WEBSITE. USERS REGISTER FORBIDDING BY SUBMITTING A PREAPPROVAL LETTER OR PROOF OF FUNDS. THE BETTING WINDOW OPENS FOR 3 TO 5 HOURS WAS THE HIGHEST BID IS PLACED THERE IN THAT WAS GIVEN TO THE LISTING AGENT THE AGENT AND THE HIGHEST BIDDER WILL WRITE AN OFFER AND SUBMITTED TO THE LISTING AGENT TO BE SIGNED. BUYERS COMPETE IN REAL TIME. WE GET TO SEE EXACTLY WHAT IT TAKES TO WIN. CEO AND CO-FOUNDER JORDAN ALLEN TELLS ME HE WANTED TO REMOVE THE GUESSWORK FOR OTHER BUYERS. >> AFTER BECOMING FRUSTRATED WITH THE TRADITIONAL HOME BUYING PROCESS THEMSELVES. I RODE 70 OFFERS ON HOMES AND LOSS. >> AND IT’S AGONIZING HUDDLESTON HOPES THIS NEW PROCESS GIVES HOME BUYERS AND SELLERS, MORE TRANSPARENCY. >> AND THAT HOME YOU JUST SAW THERE, IT GOES UP FOR BIDDING ON THE DORSEY WEBSITE TOMORROW AT 3 IN THE AFTERNOON. WE KNOW. >> LOSING 70 OFFERS HAS TO BE
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