A new electronic solution for paying deposits at auction
In the lead up to an auction, there are lots of things to consider, including how you might pay a deposit. Cutting a cheque beforehand is one appraoch, but this presents problems - most importantly, how much do you make it out for?
You know your limits, but what if you go want that little bit higher to seal the deal on the day? Auction bidding is an inherently competitive process – and once your dream home is gone, it’s gone forever. You don’t want a small difference on the bank cheque to hold back your final bid on the day.
Goodyer Real Estate has just enabled a stress-free electronic solution for buyers to make deposits at auction. Auction Pay is a new service that allows a DEFT payment of a deposit on the day of the auction. Avoiding the limitations of cheques and the hassles of increasing your transfer limit for an EFT payment, Auction Pay lets you pay your home deposit on the real estate agent’s mobile device in just a few minutes.
- The sales agent enters your new property address, sale price and deposit amount.
- You then enter your bank details, email address and approve the payment.
- A confirmation receipt is emailed to you and the agent, and payment is processed into the trust account.
All you need is enough funds in your nominated bank account, your BSB and account numbers and a valid email address.
If you're interested in using Auction Pay at one of our upcoming auctions, get in touch with one of our agents.
