Yes - It is possible to market and sell listings as bidding sales in Linear. The listing's commission agreement defines the method of sale, and here the agent can choose between Traditional or Bidding Sale.
If the method of sale is chosen as a bidding sale, the commission agreement must be filled with a Debt-free starting price and a Bidding Sale Debt-Free Target Price. In the event that an offer equal to the target price is made for the listing and the seller does not accept it, the real estate agency is entitled to charge the full commission fee according to the agreement, even if the sale does not occur.
The method of sale for a listing can be changed from traditional to bidding sale without having to create the listing again in Linear. Please note that changing the method of sale always occurs from the listing's commission agreement and for the change to take effect (and to be visible on publishing platforms) the commission agreement must be signed.
Other details of the listing such as the description addendum and images are filled in and added in the usual way on the listing card before publishing the listing.
After publication, the bidding sale of the listing can be followed through the listing's Dixu publication. Links from other publishing platforms (Oikotie, Etuovi) also lead to Dixu's pages, where buyers can see previous offers and read more about the bidding sale.
Note: Etuovi.com may charge an additional fee for having a link to follow the bidding sale on their publications. If the link to follow the bidding sale of the listing is not visible on Etuovi's publication, we recommend contacting Etuovi's customer support/sales.
Regarding offers for a bidding sale listing, the process should be similar to traditional sales, i.e., the buyer(s) contact the agent who makes/records the offer in Linear. A few differences to note for a bidding sale listing include:
- The offer amount is publicly visible. However, please note that the bidder's name and other terms of the purchase offer are not publicly disclosed.
- A counteroffer cannot be made to a purchase offer.
- The purchase offer is valid for at least 48 hours.
- The purchase offer can be accepted or rejected only after 44 hours from when the buyer(s) have signed it. This allows other interested parties to also have time to submit a new offer.
Please note that if the purchase offer were only valid for 48 hours, sellers would only have 4 hours to accept the purchase offer after it becomes acceptable. Depending on, among other things, the time the offer is submitted, we would recommend a longer validity period for the offer.
When creating a purchase offer in Linear, the system will also remind you of these practical matters.
After a minimum of 44 hours have passed since the buyers' signature time, you can open the purchase offer in Linear and either send it for the seller's approval or reject it on behalf of the seller: