• Skip to main content
  • Skip to after header navigation
  • Skip to site footer

CanuckšŸPost

Critically O Canada

General

  • Home
  • CanuckšŸAI
  • Search
  • Archives
  • Articles
  • Canadian Real Estate News
    • Market
    • Mortgage
    • Toronto
    • Vancouver
    • Legal
    • Improvement
Coming Soon

Categories

  • Archives
    • All Articles
  • Featured
  • Scandal
  • Realty
    • Canadian Real Estate News
    • Market
    • Mortgage
    • Toronto
    • Vancouver
    • Legal
    • Improvement
  • CanuckšŸAI
    • Contact
    • Search

Newsletter

Coming Soon.

* We don’t do spam, just the latest news. Sign up today and get our top stories delivered straight to your inbox.

  • Archives
    • All Articles
  • Featured
  • Scandal
  • Realty
    • Canadian Real Estate News
    • Market
    • Mortgage
    • Toronto
    • Vancouver
    • Legal
    • Improvement
  • CanuckšŸAI
    • Contact
    • Search
Realty

New Leasing and Buying Method Unveiled at the 2013 Real Estate Investing Conference on Wall Street

December 31, 2013 7:31 pm
Listings, Market

Last month inĀ New York City, LeasebyAuction.com’s CEOĀ Gene Andersonrevealed for the first time publicly a new high impact negotiating method for both leasing and purchasing real estate.

During the two years leading up to LeasebyAuction’s (LBA’s) public release, a provisional patent and later utility patent was filed for a unique, non-binding, bidding process called ‘proffers’ (pre-offers). LBA’s methodology, ‘Find a Property. Name Your Price!’ was also trademarked. Anderson stated, “Our name gave us away! We could not make any public disclosures until all the processes associated with patents and copyrights were completed and the trademark granted. Now we are ‘the’ real estate website where the customer can, ‘Name Your Price!’ ”

“The market loves it,” says Anderson. “As fast as we can type, we are signing up members, helping upload properties and receiving ‘proffers’. (non-binding, pre-formal negotiation ‘feeler bids’). Proffers are sent straight to the owner or agent and they take it from there. Proffers on long dormant properties sometimes come within hours of being listed. Some of the largest real estate related companies in the world are waiting to load their properties into our database! With such a great reaction, our currentĀ Portland OregonĀ located team must be dramatically expanded.”

When a ‘proffer’ is made, both parties agree that they each can walk away without making any further response. “Proffering is great” says Anderson. “By submitting a proffer in writing you put cards on the table. However, our rules are that it’s not binding, you’re not obligated to preform, and no one is on the hook. It’s just a great starting point. LBA does not get involved with any negotiations. We deliver the message. The owners or agents take it from there and work directly with the inquirer outside the LBA website if they are interested in the proffer.”

LBA is unique in that unlike other real estate websites, the person looking does not just email a, ‘send me more information’ but they also add a greatly qualifying statement with the first inquiry. ‘Here is what I can do!’ If the proffer is reasonable to the owner or agent, the parties can come together for results that are economically beneficial to all involved. As such, LeasebyAuction.com has the potential to be transformational in terms of its’ benefit to the economy overall.

You May Also Like…

Canadian Real Estate Prices Fall To Lowest Level In 4 Years: May home sales down 4.3 per cent from year ago, but activity up month-over-month… Is this the start of a severe Economic Downtown?

Trudeau: “Trump wanted a total collapse of the Canadian economy, because that’ll make it easier to annex us.” and the best Ford could do is to cut off Electricity… Canada just got Zelenskyed

Bonnie Crombie announces ā€˜F Trump Fund,’ Canada can’t strip Elon Musk of Citizenship, and Tariffs Deferred to April 2

Canada: Areas and suburbs to call home in the city of Toronto

Previous Post:Real Estate Companies Challenge Drone Rules
Next Post:Everyone in Canada believes real estate will go up forever

Reader Interactions

Whaddaya Say? Cancel reply

Registration NOT required to comment.

Copyright © 2025 Ā· CanuckšŸPost Ā· All Rights Reserved