25 Oct The Tech Secret That One Couple on The Block Has Up Their Sleeves
About the author
Jane Slack-Smith has been named one of the Top 10 Property Experts in Australia by Money Magazine, one of the Top 4 Financial Influencers by Qantas and been awarded the Australia’s Mortgage Broker of the Year twice.
The contestants on The Block are gearing up to go to auction next week. But it looks like one couple has a little tech secret up their sleeves that they’re ready to spring onto the other contestants.
It turns out that Hans and Courtney plan to use Gavl’s auction streaming platform to achieve their sale.
Why is that so important?
It means that Hans and Courtney can open their property up to people who aren’t at the auction house. As long as the bidders register, they don’t have to turn up. They can sit at their computers and place bids from the comfort of their own homes.
The technology has already made an appearance on the New Zealand series. In fact, last season a couple used Gavl to achieve their sale.
The couple also has the advantage of working with the largest apartment in the former Gatwick Hotel. Plus, they have the added boost of winning the season’s first room reveal under their belts.
But let’s come back to the auction technology for a moment.
Auctions prove useful for property investors both for selling and buying. In Hans and Courtney’s case, they’re looking to achieve a higher price than the $2.2 million asking price for their apartment.
This tech means they may have more potential buyers in their pool than any other contestants.
And more potential buyers means more competition. If they’re lucky, they’ll be able to spark a bidding war that could drive the sale price far beyond the $2.2 million asking price. Plus, having the largest apartment of the lot means they have something that offers more potential.
We’re looking forward to seeing if Gavl works in Hans and Courtney’s favour.
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