REIs in WA, SA support new online real estate REBid sales platform

A new online property sales platform is being supported by the Real Estate Institutes in Western Australia (REIWA) and South Australia (REISA).

The platform, REBid, has been designed to be used by real estate agents, while offering benefits to both buyers and sellers.

Neville Pozzi, CEO of REIWA, said REIWA had partnered with REBid to offer an online solution that's "enhances the customer experience for the real estate buying public.”

Greg Troughton, CEO of REISA, said "the transparency of the online sales transaction enhances the integrity of the sales process.”

Both Pozzi and Troughton agreed REBid offered an alternative method of sale that would suit some, but not all, properties.

“It’s always up to the agent, in consultation with the vendor, to choose the most appropriate method of sale for each property – REBid simply offers another option to choose from” they said.

REBid has been developed by an Adelaide-based company, REBid Pty Ltd, whose founders combine both property and technology experience.

REBid CEO, Bill Waterhouse, said they "set out to work with the industry, not disrupt it.”

REBid is being launched at AREC 2018 on the Gold Coast on 27-28 May.