plumBid: your optimizer.
A new concept brought to you by Deasy Penner Podley
A completely transparent and objective way to buy and sell property, plumBid delivers a new level of efficiency to both buyers and sellers. plumBid takes the traditional way you work with a real estate brokerage and adds the advantages you’d get if you were to sell via auction.
It does this through a powerful bidding platform called the plumBid Optimizer. Its robust online bidding engine gives everyone involved more control over the process than they’ve ever had before.
Sellers can decide the terms that are most important to them–pricing, size of cash down payment, length of escrow, even inspection details. plumBid spares buyers from the uncertainty that has always been one of the biggest headaches of home buying. Buyers no longer have to contend with multiple offers, bidding wars and not knowing what the seller really wants. And if you’re not an all-cash buyer, plumBid delivers a foolproof way to ensure your offer is considered fairly. Letting buyers adjust specifics of price, financing, escrow and inspection terms, plumBid takes the guesswork out of placing the most competitive offer.
Distilling and refining traditional methods, the plumBid platform orchestrates the entire process, and puts buyers and sellers somewhere they rarely get to be — on the same page.
The patent-pending plumBid Optimizer puts both seller and buyer in control — maximizing the playing field for all.
The seller uses the Optimizer to prioritize the importance of four key factors: the sales price, the size of the down payment, length of escrow and the buyer’s preferences regarding inspection.
During the plumBid, buyers adjust and optimize each bid to create the strongest individual offer, eliminating the guesswork – and multiple offers. Not all-cash, don’t worry. plumBid has you covered.
plumBid strips away the guesswork that complicates the traditional real estate sale.
All property information, including inspections and disclosures, is provided upfront.
Before prospective buyers can make an offer, they are financially pre-qualified to help ensure that their offer will go through to completion. With each bid, the plumBid Optimizer allows buyers to adjust their price, financing, escrow length and inspection terms to make the most competitive offer possible. To eliminate last-minute bidding, any bids in the final five minutes will extend the buying period by five additional minutes.
Once the bidding reaches the seller’s minimum reserve price, the plumBid property is sold to the highest bidder and escrow is opened right away. Everyone involved walks away understanding exactly what transpired and why–not mention, what to do next.
plumBid lets you secure the terms you value most, while getting you the best sales price.
Here’s how it does it: Once you’ve decided which terms are important to you, the plumBid Optimizer configures and generates dollar values for each of those items, based on current economic conditions and consumer modeling. Since each buyer knows what matters most to you, they can put together the most attractive and competitive bid.
plumBid gives you everything you need to submit the strongest possible offer for the house you want. It does so by allowing you, the buyer – to simultaneously adjust four critical offer variables before submitting your bid. These are: purchase price, down payment, length of escrow, and whether or not to accept the third-party inspection reports.
Eliminating hassles by increasing transparency, the plumBid platform helps buyer and seller share important information, so that everybody wins.
plumBid recognizes the importance and value that an experienced real estate agent brings to the table.
If you are a prospective buyer, we encourage you to utilize your preferred sales representative to assist you in the plumBid process.
If you are a real estate professional, know that at the successful close of escrow, you will receive a 2.5% commission for your efforts. We thank you for utilizing plumBid.
While plumBid is an exciting and innovative new concept, Deasy Penner Podley is hardly a start-up. A residential brokerage firm whose founders have 50+ years of real estate experience, we have represented billions of dollars in real estate transactions.
With a roster of over 300 agents, the firm is internationally recognized for its creative vision, dynamic business model, and unparalleled client service.