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XWAuctions Launches Integrated Live and Online Auction SaaS Platform for Real Estate industry

By Anil Sharma
TMCnet Contributor

XWAuctions, an expert in auction platform software development and auction customization, has launched an integrated live and online SaaS (News - Alert) auction platform for real estate brokerage firms and auctioneers to use as an additional selling tool in their business.

XWAuctions offers two auction platforms integrated into one SaaS model, including an online platform and a live webcast platform.

Officials with XWAuctions said that the online auction platform allows bidders to view property details, pictures, documents, maps, reports, bid history, and more.

According to company officials, bidders register and place bids during the auction period and they also have access to a Demo auction tool for training.

Bidders may also place pre-auction bids on a conventional auction platform as they view properties before the houses are placed on auction.

In addition, the live webcast auction platform offers the power to stream live audio and video of an onsite auction to anyone worldwide.

The auctioneer is able to pre-qualify bidders, set minimum bids, reject, and approve bids both online and in real time. Bidders can view the auction live and compete with other bidders.

All bidders may also view pictures and information on all available properties.

Company officials pointed out that the other advantages of this new version software is that the code has been completely rewritten and optimized for faster more robust performance and high quality audio/video streaming is offered.

It works across firewalls on both PCs and Macs, there is no software to install, it has a new improved attractive design, and is extremely flexible and easy to use.

The backend administration has numerous powerful tools to manage the auctions and obtain detailed reports for effective management control.

Moreover, company officials said that with this SaaS model, there are no high up front fees for the realtor and there is no software to purchase or install.