PropNow – Digital quotation process

Description

The best market price for every property! Digital, transparent, efficient: Your offer management with maximum customer satisfaction.

The best market price for every property! Digital, transparent, efficient: Your offer management with maximum customer satisfaction. Real market prices successfully bring sellers and buyers together. As the market leader in the DACH region, PropNow supports you in this – completely in your branding.

You can conveniently obtain individual purchase offers digitally or carry out structured offer procedures. At the end of the bidding period, you will receive full documentation of all activities and bids, which you can use to prove that the best possible market price has been achieved. This is particularly helpful for sales requiring documentation (e.g. accompanied by the local court or in probate proceedings) and for private sellers.

As soon as you have activated PropNow in the Marketplace (by your onOffice administrator), you can start immediately. With just a few clicks, you can set up the offer process directly from the property overview and invite the linked prospects from OnOffice (via email and SMS). Prospects can submit their purchase offers directly online without additional registration – confirmed by SMS-TAN.

Advantages at a glance

– Create a transparent process for your customers. All participants are invited and informed in real time by e-mail and SMS – no prospect is forgotten or not reached. Privacy is always protected, as customer names are only displayed anonymously.

– As a purchasing tool, you can use PropNow as early as the property acquisition stage – to start with promising offer prices and at the same time show how competing bidders lead to the best market price.

– With over 10,000 properties sold, PropNow achieved an average price increase of 18%.

– At the same time, our real estate agent clients save around 50 % time thanks to automated processes and integrated data transfer.

– Of course, there is complete documentation for the seller, notary, estate administrator, etc.

– Safety is also a top priority: Only customers personally invited by the real estate agent can participate and all submitted purchase offers are confirmed by SMS-TAN procedure (similar to online banking).

Instruction

PropNow is the market leader in the DACH region for digital bid management and online bidding processes or the transparent variant – the bidding process. 

Once you have PropNow enabled in the Marketplace (by your OnOffice administrator), as well as have a client account, you can get started.

Below we will show you in a few steps how to create a digital proposal process using PropNow:

1. With a mouse click in the property overview you open PropNow at the bottom of the screen the digital offer procedure.

By following the steps below, you will create the new offer procedure:

After clicking, the “Create new offer procedure” window will open automatically and you will go through the following points:

• Create title
• Non/takeover of the selected (already stored in onOffice) documents
• Consent to the user agreement as well as the data protection agreement
• “Prepare purchase offer form” incl.:
  • Type of property and other data
  • Other descriptions and/or deficiencies indication
  • Registration real estate agent commission
  • (Notes to take note of)
  • Entry transfer date
  • Add more documents
  • Preparation of the purchase offer form and completion of missing documents
  • Creation of the round incl. the time period, the type of procedure and the starting price

The next step is “Start new round”:

• Selection of the type of procedure 
• Duration as well as validity of the offers of the offer procedure
• Starting price

Next, “open the round” and invite the bidders:

 

• Manual input = short form
• CSV upload = you have your prospects in a CSV table
• onOffice Import = Prospects linked to the property are displayed in a list and can be invited by email and SMS with one click.

In the onOffice overview of prospects, you can select those that you have pre-qualified for the process. In addition, if you do not already have one, you can request a proof of identification or proof of financing by selecting “I” or “F”. The prospect will then conveniently photograph these documents via smartphone when preparing his bid (Note: Without completing this step, the prospect cannot submit an offer!).

Next, the prospects receive the invitation by SMS or by email and place their bids. The prospects add any missing data and off they go.

In the dashboard, you track the digital bidding process, and you are also kept up to date on developments via email. You have the following options here:

• View offer overview as well as download purchase offers (.pdf)
• Invite Vendor (Notice: You should not invite the seller too early, but only when activities of the prospects are available!)
• Place or release bids for prospects not present if the cell phone is not able to do so
• Add information in the round

After expiration, you select the buyer via the round wizard and in consultation with the seller. (Cancel second bidder or still hold in reserve in case higher bidder funding falls through)

During the whole procedure you as a real estate agent, the bidders as well as the seller (after your invitation) will be informed in your branding in a result-oriented way. Here we pay attention to the correct distribution and number, without letting a spam behavior arise. You get a customer journey for your customer from PropNow completely in your branding/signature and they thus have the impression that the digital bidding process is hosted by you.

You want to see your logo in the emails and have personalized information sheets for your customers? Or do you have questions about activation and would like a brief introduction for your team? – Then contact us right away at:

• https://propnow.com/de/contact-us
• mailto:sales@propnow.com
• +49 (0)30 959992510.

We are happy to share our experience with you for your success!
Your PropNow team

PropNow is a brand of AuctionTech GmbH.