BidNOW is a web application that facilitates online auctions for the real estate market. The system can be used by everyone from individual users with one property to a master developers looking for a smarter way to launch a project in the GCC market. The listing party can set a reserve price for an open or closed term selling their property to the highest bidder.
Auctioneers and Bidders can list and register online and participate from anywhere in the world.
All properties listed inside BidNOW are validated by Simsari staff.
Users can manage their own accounts, opening up a world of functions including updating account profile, saving and filtering
property searches relevant to user criteria, and receive and send comments directly to other users through the system.
Automated email notifications for new auctions based upon chosen user registration.
Auctioneer can choose either an open auction where all Simsari registered users can participate or private auction where only invited guests can take part. If the reserve price is not met, a property is not sold.
Auctions are searchable based on listings details including geography, unit type, builder, size, reserve price.
Unique property identifier numbers are generated by the system much like other multiple listings services.
A notification is sent out to a bidder when they have been outbid.
A user can make a bid through their computer or mobile phone.
The secure and robust government e-Payment gateway is used for listing costs and ante bids.
