Real Estate Auction Software

First, sellers list properties and add details like descriptions, photos, and bidding rules. Auctions start immediately or at a scheduled time, depending on pre-set rules. Buyers place bids from their accounts and receive real-time updates on any changes. When the auction ends, the highest bidder completes payment through the platform, and ownership of the property is transferred.

To learn more, read our article for an in-depth process breakdown.

The price to launch our auction platform starts at $ 10,000, with the final cost depending on the depth of customization, the number and complexity of features, and integration requirements. You can license the standard version of the software and customize its functionality to meet your specific needs. There are no hidden fees, so you pay only for the capabilities your business requires.

You can go live with your branded property auction software within two weeks. The setup process is streamlined, as most of the basic features are available out of the box. You can configure accounts and property listings upfront without extra effort.

Geomotiv provides ongoing support to streamline onboarding and post-launch experience. We help configure the software, apply your unique branding, and resolve any issues. Our team answers all queries, delivers clear instructions, and guides you through documentation.

You can handle multiple live auctions simultaneously without slowing down the platform. Bids are updated instantly for all participants, and the system efficiently handles large numbers of bidders across different property types. The platform maintains speed, accuracy, and seamless bidding for every auction.

Participants place bids on property in real-time through an easy-to-use interface. The auction platform updates all bids instantly, supports proxy bidding, and logs every activity so sellers and buyers access accurate results.

Geomotiv’s real estate online auction software safeguards personal information with multiple layers of security. Key measures include:

• data encryption;
• identity verification;
• access controls;
• secure payment processing;
• regular audits, etc.

You can migrate listings, participants, auction history, financial records, and custom fields to the platform. Our product team will convert your existing data in compatible formats and categorize all records for easy access. Past auctions, bidder accounts, and property details stay accurate and ready for immediate use upon migration.

Yes, our white-label platform will reflect your brand identity in every aspect. Our team applies your logo, colors, layouts, and banners to create a consistent look and feel. You will go to market with a fully branded and personalized real estate auction website.

Yes, our solution helps run real estate auctions in different locations. It adapts currency, tax rules, time zones, and language preferences. You can connect with bidders and sellers from any region through a single auction website, without any hurdles.

Our platform automates transfer tax calculations during checkout to meet compliance requirements. It considers the property’s location since tax rates vary by jurisdiction. Next, it calculates the correct tax and automatically adds it to the total transaction amount.