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Critically acclaimed actor Sam Neill has sold his four-bedroom home without a physical auctioneer to a buyer based overseas, industry experts explain.
The star of the Jurassic Park franchise sold his Double Bay home for an undisclosed amount believed to be upwards of $3.6 million through online platform Openn Negotiation.
Through the platform, Mr Neill was able to hold an auction with several bidders, with the eventual winner, an Australian living in Hong Kong, eventually purchasing the property.
Openn is not a streaming service broadcasting a traditional street auction. The service is delivered via an app, so there is no physical meeting at an auction gathering. The agent remains completely in control of the sale and all legal documents are automated on the app, so there is no need for any physical contact with a buyer or seller to sign documents.
The app provider highlighted the benefit of its product in not only helping Mr Neill sell his property, but also how it is helping real estate agents during the COVID-19 pandemic.
Openn Negotiation’s managing director, Peter Gibbons, said: “There are already over 2,000 agents across Australia who are certified in the use of the Openn platform.”
With government regulations changing the way real estate is conducted, Openn Negotiation explains the surge in popularity for its products.
“We’ve seen a 700 per cent increase in registrations for our online learning in March. We expect that to continue to grow,” Mr Gibbons continued.
“Currently, we have agents registered from all the major networks in Australia including Ray White, McGrath, LJ Hooker and First National as well as hundreds of local agencies.”
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