By Ray Wood

If you’ve ever been involved in a multi-buyer bidding war you’re going to love the transparency of auction.

With the highest bid out in the open you can simply and quickly decide if you’d like to offer more.

Gone is the secrecy and confusion around the one-time secret bid process.


Auction takes the mystery out of the traditional selling method by letting buyers bid in an open market environment.

Here’s the process.

  1. You become aware of a property for sale

  2. You physically view it

  3. You decide you’re interested and register to bid

  4. You complete your online registration and pay a $5000 deposit that is refunded if you don't buy

  5. You download the Fairfast app on your smart phone

  6. You get familiar with the online bidding process by watching this video

  7. You complete your due diligence BEFORE the auction as you will be required to sign an unconditional contract if you are the buyer

  8. You research values and think about what amount you might be prepared to bid to.

  9. Auction day comes around. You bid and buy (Congratulations)

  10. You sign the contract and pay the deposit.​

Got a question? Great, that’s what we’re here for.  Let us know how we can help.

Ray Wood is a Co-Founder at Fairfast. He is a fourth generation real estate agent and auctioneer. His book, How To Sell Your Home For More has sold more than 300,000 copies over 17 editions.  Check out Ray's popular real estate podcast at TopAgentsPlaybook.com

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