YOU MUST HAVE YOUR TERMS AND CONDITIONS APPROVED IN ORDER TO PURCHASE THIS HOME
What is Open & Transparent Negotiation?
It is a new way of buying Real Estate which combines the best aspects of Auction, Private Treaty and End Date Sale into one fair and open buying process. Approved buyers compete for the property from the comfort of their own home, being constantly informed throughout the process of any new prices until the highest unchallenged price is accepted.- making for a totally transparent sale process.
What do you need to do?
All you need to do is submit your offer terms and conditions via the Agent. (This is include your settlement period, finance clauses, deposit amount, etc) and your starting price. If the seller approves your terms you are then qualified to take part in the negotiation process along with other approved buyers.
If you are interested in this home, it is strongly recommended that you submit your terms for approval as soon as possible. If a starting price is submitted that is acceptable to the seller, the Agent may start the Open Negotiation early (before the nominated sale date). If you don’t have your terms and conditions approved-you will not be notified of the early negotiation and will miss out on the chance to participate
YOU CAN SET THE ADVERTISED PRICE.
• The first buyer to have his terms accepted sets the “advertised price” for the property with their starting price.
• You are notified of any new buyers and prices so you know exactly what you are competing against.
YOU ARE NOT LOCKED IN
• Unless your price is accepted and signed off by the seller you can withdraw from the Transparent Negotiation at any time.
IT’S QUICK AND EASY
• It does not cost anything to get approved and only takes around 10 minutes to complete the appropriate forms with the selling agent.
Until now, buying Real Estate has been limited to traditional processes often leaving buyers frustrated and confused.
OpennNegotiation will change this forever by creating one fair and open process. Using the revolutionary Openn App, approved buyers compete for the property from the comfort of their own homes. The whole process is completely transparent and that is a big win for everybody.
This is a transcript directly from Openn Negotiation which I have been attending the training for this marvellous process.