Openn Negotiation

PHOTO: Openn Negotiation

Online real estate auction platform Openn Negotiation has reported a successful weekend as the industry turns to the online realm for property auctions.

Open Negotiation said its first sale for the weekend occurred at 6pm Friday night, shepherding in a positive weekend of activity.

“34 Maitland Street, Geelong West, Victoria has just been successfully sold by Real Estate Geelong agent Wes Thornton via an online auction,” Openn Negotiation announced.

The reserve price of the property was $815,000 and it sold for $867,000 – $52,000 above reserve.

“I’m so glad we have Openn Negotiation during these circumstances. We are pushing ahead with all of our sales, nothing is being cancelled,” Mr Thornton said.

“One bidder for the property was in the UK. The successful bidder was from bidding from Sydney. The property was on the market for 15 days.”