{"id":4247,"date":"2017-05-03T10:00:28","date_gmt":"2017-05-03T09:00:28","guid":{"rendered":"https:\/\/blog.propertypartner.co\/?p=4247"},"modified":"2020-10-22T13:15:44","modified_gmt":"2020-10-22T12:15:44","slug":"launching-bid-manager-find-deals-faster","status":"publish","type":"post","link":"https:\/\/www.londonhouseexchange.com\/blog\/launching-bid-manager-find-deals-faster\/","title":{"rendered":"Launching \u2018Bid Manager\u2019: Find deals, faster"},"content":{"rendered":"

In Autumn 2016, we launched \u2018The Bid Engine\u2019. It allowed investors to decide how much they\u2019re willing to pay for property shares, while letting sellers know that price. With almost \u00a31.9m traded in Bids so far, at an average premium of 3.35% to the initial listing price, this has been a huge success. <\/em>
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Now, you can find deals even faster. We\u2019re delighted to introduce our newest tool \u2018Bid Manager\u2019. At a click, Bid Manager allows you to search the marketplace for deals that fit your specific buying criteria, and then bid on as many properties as you like.<\/p>\n

As the Resale market grows, Bid Manager will make it quicker and easier to find investments that match your objectives. All those who don\u2019t trade on the Resale market should also benefit, as we expect the tool to further improve liquidity. Never before has this functionality been brought to the world of residential property, and we\u2019re excited to see the effect this will have on the marketplace.
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How does it work?<\/strong><\/p>\n

Bid Manager can be found in your dashboard<\/a>. Once there, you can either use our \u2018preset\u2019 search options, or set your own specific criteria.<\/p>\n

Preset options will search for the best deals in terms of either income, or capital growth. Meanwhile, setting your own criteria can be done in this way:<\/p>\n

    \nSet your criteria<\/em><\/p>\n
  1. Choose the minimum yield you\u2019re looking for from your investments.<\/li>\n
  2. \nChoose the maximum price you are willing to pay to achieve that yield. You can set this as a percentage
    \npremium\/discount to the Latest Share Valuation.<\/li>\n
  3. Hit search.<\/li>\n

     
    \nReview your options<\/em><\/p>\n

  4. Preview the bids generated by Bid Manager. You\u2019ll see that they are colour coded in terms of how likely they are to match. Green means that your bid is at the highest bid price and will very likely match immediately. Bids displayed in orange fall between 2 and 3 points from currently available best offers, and are somewhat likely to match. Red bids are over 3 points from currently available best offers and unlikely to match in the short term.<\/li>\n

     
    \nPlace bids<\/em><\/p>\n

  5. Simply click \u2018Place Bids\u2019, and Bid Manager will place bids according to your criteria. Some may match straight away.<\/li>\n
  6. Once bids are placed, they follow the existing Bid rules. Read more in our FAQs<\/a>.<\/li>\n<\/ol>\n

     <\/p>\n

    Scan the marketplace in seconds, and find deals faster. Click below to try out Bid Manager, now:<\/p>\n

     <\/p>\n

    \n
    Bid Manager<\/a><\/div>\n<\/div>\n

     
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