Closed bidding is a major frustration faced by the prospective home buyers as it doesn’t give clarity regarding other bids. It also becomes a daily task to contact the real estate agents who have trouble in informing all the candidates about the progress. But these problems can be resolved with the help of an innovative tool launched by a Dutch startup. This tool paves the way for the open bids and keeps the interested parties informed about their bid automatically.
Founded earlier this year by Marnix Hoebert and Michiel Esveld, TheNextBid aims to bring about transparency in the real estate industry by giving the buyers an insight into the bids and market conditions. With time, this technology implemented by the startup should improve the supply and demand of new homes contributing to a better project development in the real estate market.