Oward | Free online bidding platform for landlords

29 Aug 2018, 14:16

Founded this year, the French startup is a bidding platform which allows landlords to follow the selling process entirely online and accept offers from verified online bidders.

Name | Oward

Price | Free for landlords

Target | Residential and commercial landlords

Challenge | A common issue for landlords when they sell their real estate property is choosing between selling through an agency or dealing directly with individuals. Both have disadvantages and advantages. On one hand, selling a property to an individual can be time-consuming and complex to manage. On the other hand, going through an agency can be fairly expensive.

Solution | Oward is an online bidding marketplace that allows sellers to target thousands of investors without having to spend any money. Oward reviews potential buyers and only presents to sellers those that are genuinely interested and have had their finances verified.

The startup analyses properties using data and provides an estimate before it goes online. The seller signs a mandate which gives Oward exclusive marketing of the real estate. This exclusivity lasts between 15 days and 2 months and during that time the seller can make the decision to choose offered by online buyers.

Results | In total, approximately €1.4m of transactions has taken place on the online platform.

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