AU2016100192A4 - Online Real-time Property Auction and Sales Management System - Google Patents
Online Real-time Property Auction and Sales Management System Download PDFInfo
- Publication number
- AU2016100192A4 AU2016100192A4 AU2016100192A AU2016100192A AU2016100192A4 AU 2016100192 A4 AU2016100192 A4 AU 2016100192A4 AU 2016100192 A AU2016100192 A AU 2016100192A AU 2016100192 A AU2016100192 A AU 2016100192A AU 2016100192 A4 AU2016100192 A4 AU 2016100192A4
- Authority
- AU
- Australia
- Prior art keywords
- auction
- sale
- property
- online
- contract
- Prior art date
- Legal status (The legal status is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the status listed.)
- Ceased
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- Management, Administration, Business Operations System, And Electronic Commerce (AREA)
Abstract
Abstract A system to facilitate and manage and complete the entire property purchase process in an online environment from advertising and marketing campaign through to completing the Private Sale or Auction through to executing the contract of sale, transferring a deposit of up to 10% to the Trust account via a credit card and automatic generation and distribution of all relevant documentation to the relevant parties in the sale.
Description
Editorial Note 2016100192 There is only one page of description Online Real-time Property Auction and Sales Management System Real-time (live) property auction online with ability to complete the end-to-end transaction online. First in its kind, this website brings buyers and sellers together is to provide the facility for owners-sellers to manage their property advertising, online auction and/or private sale, which the buyers-bidders can actively bid directly to the vendor-sellers in the live auction room page or offers in private sale page. The vendor can then manage any offers that the buyers have given on the property. A website application to facilitate, manage and automate the end-to-end property sales process between buyers and vendors, through either Online Private Sale or a uniquely design Auction Room. A method to allow online offers and bids in an Auction Room or Private Sale by registered buyers and bidders, use of online dispute function for incorrectly entered bids in the Auction Room, use of online negotiation function for buyers and vendors to negotiate directly with each other with options such as subject to conditions and counter-offer and online execution of legally-binding contract of sale using two-way verification. Automatic generation of sentences used during negotiation, generation and distribution of emails for upcoming property sales and auction reminders, offers made on a property, notices and notifications to co-owners of a property, notices and notifications to all relevant parties such as agents and conveyancers, automatic pop-ups of Auction Rules based on the state in Australia and ownership circumstances. Audit trail is maintained for all activities and used as required by law for future reference. RightCost was given a government grant by Ausindustry and Innovation Australia and approved as innovation for R&D. Letter will be attached.
Claims (5)
1. A system to facilitate and manage and complete the entire property purchase process in an online environment from advertising and marketing campaign through to completing the Private Sale or Auction through to executing the contract of sale, transferring a deposit of up to 10% to the Trust account via a credit card and automatic generation and distribution of all relevant documentation to the relevant parties in the sale.
2. Uniquely designed virtual Auction Room, designed to cover the legal requirements of property auction process in an online environment, including Voice Over to make announcements similar to what an Auctioneer does in an in-person auction. Special features such as Auctioneer dismissing or terminating a bidder session under certain rules.
3. Dispute function used during Auction process, in case of an incorrectly entered bid.
4. Online negotiation room to allow buyers and seller to enter negotiations directly with each other either during a Private Sale or in case an Auction is passed in.
5. Automatic extraction, generation, digitally signed execution and distribution of the contract of sale for the sold property to all relevant parties.
Priority Applications (1)
| Application Number | Priority Date | Filing Date | Title |
|---|---|---|---|
| AU2016100192A AU2016100192A4 (en) | 2016-02-21 | 2016-02-21 | Online Real-time Property Auction and Sales Management System |
Applications Claiming Priority (1)
| Application Number | Priority Date | Filing Date | Title |
|---|---|---|---|
| AU2016100192A AU2016100192A4 (en) | 2016-02-21 | 2016-02-21 | Online Real-time Property Auction and Sales Management System |
Publications (1)
| Publication Number | Publication Date |
|---|---|
| AU2016100192A4 true AU2016100192A4 (en) | 2016-04-07 |
Family
ID=55651204
Family Applications (1)
| Application Number | Title | Priority Date | Filing Date |
|---|---|---|---|
| AU2016100192A Ceased AU2016100192A4 (en) | 2016-02-21 | 2016-02-21 | Online Real-time Property Auction and Sales Management System |
Country Status (1)
| Country | Link |
|---|---|
| AU (1) | AU2016100192A4 (en) |
-
2016
- 2016-02-21 AU AU2016100192A patent/AU2016100192A4/en not_active Ceased
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Legal Events
| Date | Code | Title | Description |
|---|---|---|---|
| FGI | Letters patent sealed or granted (innovation patent) | ||
| MK22 | Patent ceased section 143a(d), or expired - non payment of renewal fee or expiry |