Episode 2: TruHome Value the Transparent Open Bid Platform

The Real Estate Blind Bid Provocateurs

Main Topics Discussed:

• Introduction to TruHome Value: A transparent, open bidding platform designed to address the issues inherent in the traditional blind bidding process in real estate transactions.
• Problems with Blind Bidding:
  • Creates mistrust and manipulation among buyers.
  • Buyers often retract or terminate offers due to uncertainty and distrust, affecting over 30% of transactions.
  • The process is emotionally draining and inefficient, leading to frustration for all parties involved.
• Advantages of Transparent, Open Bidding:
  • Provides all participants with more information, allowing for educated decisions.
  • Reduces negative emotions and increases buyer confidence in their decisions.
  • Typically results in a higher selling price that is more likely to stick because buyers feel more committed and less deceived.
• Real-Life Experiences:
  • Kari Abt shared a personal story highlighting the complexities and emotional toll of blind bidding, emphasizing the need for transparency.
  • KieAnn Brownell discussed the importance of factors beyond price for sellers, such as possession dates and inspection conditions, which are more transparently communicated in an open bidding system.
• Benefits of TruHome Value Platform:
  • Increases efficiency and reduces communication issues by making all offers and conditions visible to all parties.
  • Allows sellers to communicate what's important to them beyond just the price, enabling buyers to tailor their offers more effectively.
  • Demonstrated to potentially increase selling prices by 7-15% without detrimentally affecting buyers, as they operate within their known limits.
• Future Discussions:
  • The next episode will focus on the buyer's perspective in both blind and open bidding systems.

Conclusion: The episode advocates for a shift towards transparent, open bidding in real estate transactions, highlighting the benefits of increased information, reduced emotional stress, and potentially higher selling prices. TruHome Value is presented as a pioneering solution aiming to reform the current opaque system, with real-life experiences underscoring the need for change.

If you believe in our cause and found value in our discussion, please like, follow our show, and share it with anyone who has experienced or is curious about the absurdity of the blind bid process. We're eager to hear from you and continue this conversation. Connect with us on YouTube, LinkedIn, and Instagram @truhomevalue. Let's journey together towards a more transparent, trustworthy, and fair real estate market.

Listen to the episode on Apple Podcasts, Spotify, Google Podcasts, or your favorite podcast platform.

Get in Touch:

• TruHome Value's Website: https://www.truhomevalue.com
• Follow TruHome Value on X @truhomevalue
• Connect with us on LinkedIn and YouTube for more insights and updates.

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