Gavl claims its app is the first app of its kind in Australia and New Zealand to be the “one-stop digital solution” for auction real estate sales.
Touting a position as “the world’s leading real estate platform for auction livestreaming and bidding technology”, Gavl says that since its launch in November 2016, it has streamed more than 10,000 auctions and achieved 4.5 million views from 52 countries, “allowing buyers from all over the world to bid and buy at auction”.
In Australia, in Queensland and New South Wales specifically, it is a regulatory requirement for real estate agents to register bidders prior to an auction, and Gavl says it has digitised this entire process, allowing agents to use the Gavl app to register bidders both remotely and onsite at auctions.
Gavl says it uses a “trusted and convenient” third-party software integration that verifies more than one million identities globally every month, to deliver a compliant method for customer onboarding and verifying identities, by integrating comprehensive global data sources, fraud detection and biometric verification.
Gavl co-founder Joel Smith, says: “The additional tools that Gavl provides on the app will ensure buyers and agents experience a smooth and convenient process. Having every step of the sales transaction done digitally from beginning to end, makes it accessible for potential buyers in any location. By including these new features, Gavl has become the one-stop shop to complete auction transactions.
“The ID verification is a great functionality that aids to minimise fraud through the use of data. With the foreign ownership laws in New Zealand, this feature enables us to efficiently ID verify potential buyers.
“Apart from simplifying the process, the new digitised features were developed to cater to all buyers, including those that are based remotely. We understand how much is done through smartphone apps these days, so we aim to make the entire auction transaction process highly accessible.”