|
For potential tenants
Q: What is thePropertyBid.com?
A: thePropertyBid.com is a unique UK based auction listing and bidding platform to rent residential & commercial properties. thePropertyBid.com currently lists properties mainly located in London but will be accommodating other properties (no pun intended) around the rest of the UK over the next few months.
Q: How can I bid for the property of my choice via thePropertyBid.com?
A: Bidding through thePropertyBid.com is very simple. You can view all of the property's details on thePropertyBid.com. If you like the property, just simply register your details and then make a bid online from the comfort of your home, work place or mobile device (all of our auction bids are live)
Q: Where do the rental properties come from?
A: The properties on thePropertyBid.com are offered by landlords, letting agents, builders and developers.
Q: What is thePropertyBid.com’s role in the renting process?
A: thePropertyBid.com acts as the listing and bidding environment for properties in London and the UK. We do not get involved with any of the transactions.
Q: Do I have to be a UK resident to rent properties listed on thePropertyBid.com?
A: Yes
Q: How can I view the property in person?
A: You can contact the property owner via thePropertyBid.com to arrange a viewing appointment. There is also detailed information on each property. See Available Rental Properties.
Q: Does the potential tenant have access to the same information about each property?
A: Yes, the information for each property is listed by the owner to insure that you, as a potential tenant, receive the most relevant information.
Q: Does thePropertyBid.com act as the agent for the owner?
A: No, while thePropertyBid.com does not act as the agent for landlords / agents or potential tenants. thePropertyBid.com acts as the property listing platform and has no relationship with any party involved.
Q: Do I have to pay any fees to thePropertyBid.com if I am a successful winning bidder?
A: Yes, thePropertyBid.com currently charges the potential tenants a 'holding fee', which is 5% of the monthly rent amount e.g. 5% of £1000 = £50.
Q: How do I pay my commission?
A: We accept payment via Paypal.
|
|
For landlords and letting agents
Q: What is thePropertyBid.com?
A: thePropertyBid.com is a unique UK based auction listing and bidding platform to rent residential & commercial properties. thePropertyBid.com currently lists properties mainly located in London but will be accommodating other properties (no pun intended) around the rest of the UK over the next few months.
Q: Why use thePropertyBid.com?
A: thePropertyBid.com has a unique, easy to use & convenient approach where you can enter your property in a property rental auction, that you have complete control over. There is a very high chance that a greater rental sum will be generated than the original asking ‘market price’. You set a starting price, write the description and even the duration. Also, for a limited time, all properties that receive a winning successful bid you will be eligible for tenant referencing and a FREE ENERGY PERFORMANCE CERTIFICATE.
Q: How do I list my property(ies) with thePropertyBid.com?
A: Simply register with thePropertyBid.com, start your auction and wait for the bids to roll in.
Q: Do I have to agree to a minimum rental price for my property before I list with thePropertyBid.com?
A: Yes, you can set a reserve amount and the system will only accept bids over that amount that you have stated.
Q: Does thePropertyBid.com act as the agent for property owners?
A: No, thePropertyBid.com does not act as the agent for owners or tenants. thePropertyBid.com acts as a rental property listing platform and has no official relationship with any party involved.
Q: When I list a property, how should I describe it?
A: In simple terms, just be honest! Try and list the surrounding features such as transportation links, shopping facilities, schools, council tax banding etc… Also small but useful information such as if the property has broadband or electricity / gas key meter.
Q: How much does it cost to use thePropertyBid.com?
A: It’s free to list any property but a one time fee of 20% of 1 month’s rent will be applied at the end of any auction which ends with an amount equal to or above the reserved amount. e.g. 20% of £1000 (final monthly figure) = £200
Q: How do I pay my commission?
A: We accept payment via Paypal.
Q: I own a commercial property but it's been un-occupied for a very long time, how can I make it more attractive to potential tenants?
A: One way would be to be prepared to work with your potential tenants and lower your original asking price. Now, we know it sounds quite radical but please hear us out. The term 'market rent' is only applicable when people are prepared to rent your property at 'that' price. However, if you lower the asking price (which becomes the new 'market rent') and negotiate a percentage of the profits, your possibilities are greatly improved.
|
|
Enquiries about Bidding
Q: How can I bid on thePropertyBid.com?
A: thePropertyBid.com is a simple and convenient bidding system that allows potential tenants to bid in a live online auction. Just register your details and you are ready to either list a property or bid for one.
Q: Are there any requirements for me to bid at thePropertyBid.com?
A: Yes, you must register as a member and must be a minimum age of 18 years old. thePropertyBid.com does not charge your card unless you are the winning bidder and you refuse to sign the Lease and/or provide the required down payment. See Terms and Conditions.
Q: Is my personal information safe?
A: Yes, all personal information is strictly confidential and will not be disclosed to any third party without your consent. Your personal information is kept secure and in confidence.
Q: How long is each property auction?
A: Each property auction will vary according to the individual landlords and letting agents. So, it could be 10 minutes to 7 days.
Q: Can I bid for more than one property?
A: No, you can only bid on one property at anytime.
Q: What kind of bidding do you have?
A: The listed properties are rented via a ‘simple’ auction. The auction time is set and the highest bid at the end of the time is the winner. Upon the landlord's / letting agent’s approval the winning bidder will receive the lease and further information.
Q: How do I know if my bid is accepted by the owner?
A: Within minutes after the bidding, you will receive an automated e-mail advising that your bid has been registered and providing the reserve rental figure has been met, the offer becomes binding.
Q: Can I cancel my bid after I’ve placed it?
A: NO. By bidding you are representing you have read and agreed to be bound by the Terms and Conditions. If you do not agree with any of the Terms and Conditions, PLEASE DO NOT BID!!!
|
