Announcements

Online auctions changed the world of buying and selling long before real estate fully embraced them.

In 1995, entrepreneur Pierre Omidyar launched eBay, introducing everyday people to the idea of bidding online. Suddenly, anyone could bid on almost anything, from small household items to high value assets, from anywhere in the world.

So why did property take longer to move in the same direction?

Why early platforms could not sell property end to end

Property is heavily regulated. Contracts, disclosures, identity checks, deposits, and settlement processes vary by country, state and region. That is why general marketplaces treated property listings differently, often using them as advertising rather than a complete transaction flow.

PropTech closed the gap

Modern online auction platforms were built specifically for property. They support compliant bidding, structured bidder registration, and clear audit trails, while still delivering the accessibility people love about online experiences.

These platforms also helped the industry stay operational through global disruption, proving that auctions can be transparent, competitive, and secure without requiring everyone to be in the same place.

Timed auctions that work with local rules

Auctions Live was built to give real estate teams the flexibility to run auctions in a way that aligns with local rules and expectations. The Auctions Live Timed Auction Solution provides a safe and transparent sales process that is accessible to anyone with an internet connected computer or smart device.

Anthony Nounnis, Director of RE Software, the company behind Auctions Live and Offers Live, said:

“Technology should never replace trust in property transactions, it should reinforce it. Our responsibility is to give agents and buyers a system that is compliant, transparent and built for real world conditions.”

Key benefits of the Auctions Live Timed Auction Solution

• Real estate CRM integration
• Customisable auction rules, terms, and conditions
• Customisable interactive website display widget
• Customisable electronic bidder registration form
• Auctioneer online bid control panel
• Anti sniping technology to protect genuine bidding
• No percentage commission on the property sale price
• Real time push notifications to auctioneers, agents and registered bidders, driving immediate engagement and protecting competitive tension throughout the auction

The future is already here

The shift toward a more digital real estate sales process is happening now. Just as buyers became comfortable bidding on everyday items online, today’s property buyers are increasingly comfortable bidding on their next home from the device in their hand.

With purpose built PropTech like Auctions Live, the industry can offer a sales method that is accessible, compliant, and genuinely transparent, without sacrificing the competitive energy that makes auctions so effective.