Why SLOD! is the best way to sell or buy real estate
Three sale methods in one
SLOD! is a real estate sale and information facility established by Lawyers Real Estate to streamline the sale process. It combines the 3 most common real estate sale methods into one simple, fair and transparent system.
This means quicker sales, better prices and greater satisfaction for all parties.
AUCTION - SLOD! uses competitive bidding as a means of establishing priority when there is more than one potential purchaser.
NEGOTIATION - SLOD! ensures that ALL potential purchasers have the opportunity to buy, because the final sale agreement is refined through negotiation.
SALE BY VENDOR NOMINATED DATE - SLOD! allows the vendor to specify a closing date at any time, to bring bidding to a close and to finalise the sale process. 
All information in one place
SLOD! provides purchasers with all of the information they need, in one place. Purchasers will find:
- The property and details about it;
- Immediate online access to disclosure documents (in States where these are applicable);
- Vendor contact details for further enquiries;
- An inspection arrangement facility to make an appointment for inspection;
- Guides and information about purchasing; and
- A bidding procedure that encourages active and competitive bids to buy.
Obligation free bidding facility
SLOD! allows purchasers to prepare and submit their bid on the property in an auction-like procedure. Unlike an auction, however, the full range of purchaser type is catered for, including buyers requiring bank finance or other conditions.
While SLOD! encourages competitive bidding, there is no instant sale on the fall of the hammer. Instead, the final price is negotiated between the vendor's lawyer and the purchaser and/or the purchaser's legal representative.
Nothing is final unless and until both parties are satisfied, and contracts have been formally signed. No estate agents, no tricks and no pressure on either party.
No fees and no obligation on either party
The use of SLOD is completely free. There are no registration fees, no bidding fees, and no deposit payments are required until a contract has been signed by both parties and the sale finalised.
No dummy bidding
There is no dummy bidding on SLOD! We check the bona fides of bidders before final negotiations, and we conduct random checks during the bidding process.
Further information
For further information about Sale by Lawyer Online Direct, contact Lawyers Real Estate.
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