Building a Real Estate Auction Platform on AuctionWorx

Real estate auction platform development on AuctionWorx centers on a curated portfolio that closes on auction day, plus buyer verification and deposits.

Events edition for a curated property portfolio

Systenics’ edition comparison says real estate auctions marketing a curated portfolio that closes sequentially on auction day align with Events. That edition gives you a scheduled event, cataloged lots, staggered closing, CSV import, copying unsold lots into a later event, pre-publish validation and auto-extend.

If properties are listed continuously and each one closes on its own timeline, Enterprise is the base instead.

Systenics’ property solution is aimed at foreclosure, land and luxury property auctions.

Property fields and paperwork

Address, size, condition notes and images are attributes a generic listing lacks. In AuctionWorx they would be custom fields on the listing. Adding them is customization work.

Systenics’ property solution also lists backend workflow automation for the paperwork a property sale involves, so sales don’t stall in it.

Buyer verification and pre-auction deposits

The property solution lists buyer verification using name, email and credit card details. It also lists a pre-auction deposit, which keeps the bidder pool to genuine buyers.

Escrow and payments for high-value sales

For large-value transactions the property solution recommends third-party escrow services. Systenics’ customization guide lists Stripe and Authorize.Net, plus escrow and split-payment services, as payment integrations. Our integrations page covers how that work is done.

Online plus offline live property auctions

Property sales often still have a room and an auctioneer. The Live Auctions add-on is for the Events edition and runs online and offline auctions at once. Sellers set the schedule and assign an offline team, and the auctioneer works from a dedicated screen. Systenics quotes streaming to 1000+ online users at 500ms latency or less.

For volume, the Excel listing plug-in creates listings in bulk, with images. Systenics says clients report 75% time savings against the CSV import.

How a property project runs

Systenics works in four steps. A free discovery call produces a ballpark estimate. If that works, requirements and UI/UX mockups produce a closer estimate. The build runs in milestones, then gets deployed to your AuctionWorx installation and supported through future updates.

Map search, CRM and accounting integrations

The property solution lists Google Maps radius search for finding homes near a location. It also lists CRM integration with HubSpot, Zoho, Dynamics 365 or a custom ERP (one-way or two-way), QuickBooks and Xero accounting sync, and a lead generation tool.

Sellers and agents can use the AuctionWorx mobile app to shoot photos and create listings, while buyers get push notifications. Systenics recommends Microsoft Azure for hosting AuctionWorx. Our hosting and support service is the service side of that.

Configure vs customize

Systenics packages many of these pieces as white-label property auction software. On your own installation, field design and the verification flow are customization work.