Selling your home — how the bidding round works
As the seller, you see the full bid log live, and you are free to accept or decline each bid — if you accept a bid, a binding agreement is formed.
Finnting is starting with bidding rounds led by the private owner-seller: you run the round yourself, under the same consumer standards that apply elsewhere. Agent-led bidding rounds will come behind business/agent registration and real BankID — see For estate agents.
Your role as seller
- You see the full bid log live — with time, amount, acceptance deadline, conditions and who is bidding.
- You accept or decline bids. Accepting a bid forms a binding agreement and ends the round.
- You can also accept bids with conditions — but consider how attractive the conditions are.
What the bidders have to follow
To keep the round orderly and lawful:
- Bidders receive consumer information before their first bid.
- They get a clear warning that bids are binding with no cooling-off period.
- Identity is established at the first bid (currently in demo mode, see Do I have to verify my identity to place a bid?).
- The acceptance deadline and the 12 o'clock rule apply in consumer relationships — see Acceptance deadline and the 12 o'clock rule.
After the sale
You and the buyer receive the bid log after the sale. Other bidders can receive the anonymised version on request. More in What is a bid log?
A word of advice about the settlement
Finnting handles no money and is not a party to the transaction. In a private home sale it is common — and wise — to use a lawyer or settlement agent for the settlement and handover itself, so that large sums and the contract are handled safely. See Safe trading.
This is not legal advice. Home sales are regulated — familiarise yourself with the rules, or use professionals.
Related: Does bidding follow the law? · How to place a bid.