Bidding Wars for Renters, Not Just Purchasers

Price Tags

key-door

This article in the Vancouver Sun by Susan Lazaruk describes how Biddwell.com  hopes to provide a tool for landlords to find-well, tenants. That is not particularly hard to do in Vancouver, with a very low vacancy rate.

But while you could argue having prospective tenants “bid” on an apartment allows for bigger financial gains for the landlord, the CEO Jordan Lewis says :

the new site will assist landlords in finding “quality tenants” and also give a voice to tenants to submit a lower offer if they have those strong qualities in the hopes a landlord would choose them over the highest bidder. We want tenants to be able to negotiate on pricing,” said Lewis, who has an engineering background. “Right now the tenant has no voice.”

Yes you heard it right. This application gives you a chance to have a voice. Bids for apartments are “sealed” and sent…

View original post 163 more words

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