WHEN YOU DECIDE to buy or sell a house, it’s a big life decision and a serious undertaking, but it doesn’t have to be a stressful time! 

Offers by Daft, a new feature by Ireland’s no.1 property website daft.ie, is designed to put some power into the hands of buyers and sellers, and help them complete their sale or purchase with minimum fuss.

This new platform lets buyers place and track offers on properties they are interested in, creating a process that is more transparent than traditional methods. Bidders can see other offers in real-time as they come in (however this is anonymous; each bidder is given a unique bidder number but no personal details are shared). Similarly the estate agent and the vendor can also see offers come in as they are placed making this a truly transparent process for all involved.

Buyers, sellers and agents alike all save time when using Offers by Daft. Buyers and sellers don’t have to call their estate agent to ask for updates regarding any new offers as they are all displayed on the property listings on Daft. However, Offers by Daft does not cut out or jeopardise the relationship between buyer and agent or seller and agent, instead it simply allows for more time to build stronger relationships by cutting back the tedious admin. Rebecca Southern, of Farrelly and Southern Estate Agents, summed it up, saying, “It cuts out the messing about.” 

24/7 service

“It’s a 24/7 service, you’re not relying on an agent to be passing the offers backwards and forwards between all the interested parties. Not relying on somebody to answer their phone or email to put in an offer, you know that the bid has been placed in real time and that everybody else knows about it. If you’re on the opposite side of things and you’re watching, or you’re another bidder, you can place the counteroffer immediately.” 

40% of all offers placed using Offers by Daft are placed outside of hours between 6pm and 8am, which shows that buyers are taking advantage of the opportunity to fit  their house search in at a time that suits them without impacting their working day. This also allows estate agents the comfort to offer their customers a 24/7 great customer experience without having to be available 24 hours a day to be contacted by eager buyers with any new offer. 

Rebecca used Offers by Daft to go sale agreed on a four-bed house in Maynooth. “With this property, we discussed the Offers by Daft service with the client when we were taking on the property and one of the big benefits of it is that the buyer or potential buyer doesn’t need to go to a different website to put on an offer or register their interest.”

“The majority of people use Daft to find a property, so it made sense to have the offers available on the Daft advert itself. This is a great marketing tool that we were able to put to the client, and it’s something that they haven’t seen before but were really interested in. We were able to show them how it worked on other properties we previously used it on, and they were very happy to use it for their own property.” 

Milda, the seller, enjoyed using Offers by Daft to sell the property, as it made things easier for her. “It was great, especially now when you’re selling the house and you don’t have to keep up with the real estate agent on an hourly basis, you can just see the online bidding and you know when they know. It was great to see and there were a few offers so it was like watching the races!”

The property, a 135 square metre semi-detached house in a popular estate, was listed at €475,00 and was sold for €535,000, with a series of interested buyers tracking the offers on the property throughout. 

Stats show that enabling Offers by Daft gets a property seven times more views, so deals are guaranteed to close faster. With less back and forth via phone calls and emails, the buying process can be completed quicker too. 

To make an offer on a property, interested parties follow a typical procedure. Firstly, they view the house and then contact the estate agent with proof of funds and ID, which helps confirm their interest. When approved by the estate agent, they can then make an offer on the property from the comfort of their own home, at any time of day. 

“You can literally just click a button, put your details in, we approve it on our side, and then you can make an offer,” said Rebecca. The agent can then manage all offers placed from one central location with a fully compliant audit trail available to them in an instant.

Offers by Daft helps give control back to all three interested parties – buyers, sellers, and estate agents. The transparency of the platform was highlighted by both the agent and the seller. 

“I think there’s a bit of distrust when it comes to offers being placed, so for a buyer or a potential buyer, the transparency is huge as you can see the offers come in in real-time, and okay, you can’t see who it is, but you know that there are different people that are bidding on it,” said Rebecca.

Milda added that ”To be able to watch it live and to know what exactly is happening was the best feature. For estate agents, all the times when they’re not showing your property, they’re helping you and keeping you up to date every minute on things that are happening so having control and being able to see everything yourself was really beneficial.”

 Offers by Daft is an online, real-time offers platform providing transparency and flexibility to home buyers, agents and sellers. Buyers can now place and track offers in real time – anytime, anywhere and from any device – with the security of knowing that other bidders are genuine. Vendors and estate agents alike can track offers in real time without the phone tag saving valuable time on admin. Search properties with online offers on Daft.ie today.