- Indicative price
- Reserve Price
- Market Price
- Pre-Auction Bid
- Bidder preference
- Process flow
- Terms and Condition
- Real Estate bidding
- Listing Agreement
- Purchase Agreement
- ABO - Auction By Owner
- Property Listing
- Earnest Deposit
This is the price fixed by the marketing team and is less than the reserve price. The bid is considered winning only when the bid value is in accordance with the Reserve Price. In condition when it’s not, a negotiation is done with the owner. In case when owner accepts the negotiated value, property gets sold to the buyer. Otherwise the bid is considered ineffective.
Real Estate Bidding
Real Estate Bidding, a relatively new method in Malaysian market, is a property auction carried out in an open manner. This helps both buyers and sellers get the real value for the property getting auctioned.
This represents an agreement made between the bidding company and owner who are willing to sell the property. This is usually done in return of a fixed commission paid to the company.
Our Managing Director, Mr. Shanmughananthan, is a Universiti Malaya accredited auctioneer with 10 years of Real Estate experience behind him.
He is a man who is restless in the quest of knowledge in tomorrow’s technology and is the mastermind behind Srishanbid.com. He graduated with a bachelor’s degree in Accountancy from Universiti Putra Malaysia in 1999 and embarked onto a career as a real estate agent and went on to become a successful auctioneer.
It is here that he realized that the real estate auction in Malaysia is terribly misinterpreted by the public, with the addition of numerous loop holes for syndicates who put their manipulation skills at play. Fired up by the will to educate and help the public, he then initiated a research into taking the real estate bidding arena to the next level.
After a five year long research, Srishanbid.com was established in 2010. Since then, Srishanbid.com, with the leadership of Mr. Shanmuganathan, has successfully organized many Real Estate Open Bids event.