I've come across a property I'm interested in on BidX1's site. Everything I read on here and on the BidX1 site is about their auction process, however this house is listed as "Private Treaty" on the site, there are no legal documents uploaded and no auction dates.
Had anybody gone through one of these Private Treaty sales with BidX1 previously? Is this basically BidX1 acting like a regular estate agent, but where the process of placing your bid and seeing current bids is done online? I presume, unlike when they do an auction, this process is pending finance, pending contract, pending survey etc and you're not contractually obligated to complete the sale if you win the bidding process - again the same as a regular estate agent?
Cheers!
Had anybody gone through one of these Private Treaty sales with BidX1 previously? Is this basically BidX1 acting like a regular estate agent, but where the process of placing your bid and seeing current bids is done online? I presume, unlike when they do an auction, this process is pending finance, pending contract, pending survey etc and you're not contractually obligated to complete the sale if you win the bidding process - again the same as a regular estate agent?
Cheers!