S2 Ep.22 | Unreserved | Fully Transparent Auction Platform | Open Bidding in Canada

This week on Master Keys, Neal and Chandler are joined by Ryan O'Connor, CEO of Unreserved, a fully transparent auction platform that's committed to improving the home buying and selling experience. They are currently operating in Ottawa and Sudbury and just getting started in Toronto. They auctioned 200 homes in the last 10 months and they are hoping to change the way the entire industry does business. This is a great look into how this system is already working in Canada.

Show Notes:

5:12 - Introduction to Unreserved

20:32 - Traditional model vs. Unreserved model

22:32 - Information 2% buyer direct program

27:02 - How did Unreserved get started?

29:20 - What does the Unreserved process look like?

33:35 - With market cooling, why is the auction based method still viable?

35:47 - What happens to a house that doesn't sell?

38:44 - Has Unreserved brought in experienced appraisers and realtors on staff?

41:20 -  What does the future look like for Unreserved?

46:50 - The Sellers' experience

48:12 - When a house is sold, what happens next?

49:24 - The Buyers' experience

55:29 - Is there a bid increase minimum?

57:22 - Does Unreserved see themselves integrating with organized real estate like CREA/realtor.ca

#realestate #openbidding #houseauction

The Master Keys Podcast is hosted by Neal Andreino and Chandler Haliburton, two top real estate agents in Nova Scotia, Canada. Neal and Chandler have each built sizable portfolios of investment properties and leverage their expertise to inform their clients as well as viewers. The podcast covers all things real estate from the first steps as a beginner all the way to expert skills for experienced investors.

Please contact us with any questions or suggestions at [email protected]

FIND UNRESERVED ON:

WEBSITE: https://unreserved.com/

INSTAGRAM: https://www.instagram.com/gounreserved/

YOUTUBE: https://www.youtube.com/channel/UC7Mf7TzFFU0qyg0MU09a3GA

FIND US ON

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TIKTOK - https://www.tiktok.com/@masterkeyspodcast?

FACEBOOK - https://www.facebook.com/Master-Keys-Podcast-110495988057336/

FIND NEAL ON:

INSTAGRAM - https://www.instagram.com/remaxneal/?hl=en

LINKEDIN - https://ca.linkedin.com/in/neal-andreino-90854b102

FIND CHANDLER ON:

INSTAGRAM - https://www.instagram.com/tchandh/?hl=en

LINKEDIN - https://ca.linkedin.com/in/t-chandler-haliburton-40a88468