{"id":10525,"date":"2017-02-20T01:00:37","date_gmt":"2017-02-19T14:00:37","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=10525"},"modified":"2017-02-20T01:00:37","modified_gmt":"2017-02-19T14:00:37","slug":"new-app-to-help-auction-buyers-joel-smith","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/new-app-to-help-auction-buyers-joel-smith\/","title":{"rendered":"New App to help auction buyers – Joel Smith"},"content":{"rendered":"

A Melbourne start-up is capitalising on our love affair with auctions by developing an App to enable consumers to watch auctions either live or on demand from anywhere in the world.\u00a0 The App is called GAVL and with it a potential buyer can \u201cvirtually\u201d attend dozens of auctions across several states over a weekend. GAVL is the brainchild of\u00a0Joel Smith<\/strong>\u00a0who tells us about it today.<\/p>\n

Transcripts:<\/strong><\/h4>\n

Kevin:\u00a0 <\/b>One of the most common questions we\u2019re asked is \u201cHow do I get on with auction? What really happens with auction?\u201d Getting around of them can be quite tortuous. I\u2019m going to tell you now about a new app that\u2019s just been created by a company called GAVL. The CEO for GAVL, Joel Smith, joins me.
\nJoel, tell me about the app and what will it do and why have you introduced it?
\nJoel:\u00a0 <\/b>Thanks, Kevin. Thanks for having me on your show. The app really came out of a need for consumers, I guess. A work colleague of mine was in house-hunting mode, and he couldn\u2019t be in two places at the one time. He\u2019s based down in Melbourne and for whatever reason, most of the auctions in Melbourne are on at 11:00, 12:00, and 1:00. He found it hard physically getting around all the auctions at one time. It was that 21st century question, why isn\u2019t there an app for this? So, we set about a task of developing one.
\nWe found that the key or the secret or the reason there hadn\u2019t been one before is that the issue was mobile-based broadcasting technology. There\u2019s quite a delay in the technology \u2013 upwards of 10 or 15 seconds \u2013 and with the real estate, you can\u2019t afford to have even a one- or a two-second delay.
\nWe set about rectifying that problem and we built our own livestreaming technology in which we got the delay down to one second, which we think in any one\u2019s language is live, and then set about building an application that allowed real estate agents to broadcast their core product, which is an auction, to a greater audience.
\nKevin:\u00a0 <\/b>Now, with this, Joel, is someone able then to bid online. If they\u2019re not there, are they able to bid through the app?
\nJoel:\u00a0 <\/b>There\u2019s not bidding at the moment. But we will build features that will allow an agent the ability to talk to a buyer and communicate bids. As we know, at auctions, a similar process already happens, where you can have a buyer on a phone communicating their bids verbally to an agent or an advocate. In the same way, they\u2019ll be able to communicate to an agent, but this time digitally, while being able to watch.
\nWhat we\u2019ll be able to do to is we\u2019ve just built what we call a bid-capturing technology. We\u2019ve digitized the penciller\u2019s role, and now, we\u2019re able to overlay the bids over the screen. We have an in-built currency converter especially for the Chinese buyer and also some other interactive features where their agent is able to engage their buyers.
\nKevin:\u00a0 <\/b>You\u2019d need to tee this up with the agent so that you can actually watch it, wouldn\u2019t you? There has to be someone at the other end?
\nJoel:\u00a0 <\/b>Yes, the technology has been built that it will all be done by the agent. It\u2019s quite a simple setup. It\u2019s all mobile phone-based streaming technology. The one constant at every auction is the agent, and we all know they have a mobile phone. It\u2019s literally a 10-second job to set a tripod up, mobile phone on the tripod, two presses of a button, and they\u2019re live streaming.
\nFrom a consumer\u2019s end, they just download the app or they can jump on a PC computer if they have time. Literally download the app, search through our app. The app\u2019s been built in a similar way to an REA or a Domain, where agents upload all their properties, all the photos, property details. A consumer can search, shortlist, and they\u2019ll get a notification when the auction goes live. And they can sit there and watch.
\nKevin:\u00a0 <\/b>Okay. How do we get a hold of the app, Joel?
\nJoel:\u00a0 <\/b>Just in the app store. We have released the app for the iOS. It\u2019s new with Apple. The Android app has been released, so Google Play. If you don\u2019t have one of those phones, you can obviously jump on and watch it on the website.
\nKevin:\u00a0 <\/b>Yes. It\u2019s aptly known too, GAVL \u2013 as in auctioneer\u2019s gavel. Very easy to remember and very catchy name too, Joel.
\nJoel:\u00a0 <\/b>Yes. We were quite surprised when it comes to the challenge of picking names when you try and find something short and catchy. We thought we\u2019d have a little bit of a play on words there with the GAVL, and the feedback, so far, it\u2019s been very good.
\nKevin:\u00a0 <\/b>Yes. Certainly anything that\u2019s going to increase transparency for auctions and get the word out there about auctions to get more people participating is something we\u2019d certainly support. The app is called GAVL. Already 500,000 auctions have been viewed, so it\u2019s well and truly underway.
\nJoel, thanks for your time today. Also, congratulations on the move. I think it\u2019s fantastic. Well done.
\nJoel:\u00a0 <\/b>Thank you, Kevin.<\/p>\n","protected":false},"excerpt":{"rendered":"

A Melbourne start-up is capitalising on our love affair with auctions by developing an App to enable consumers to watch auctions either live or on demand from anywhere in the world.\u00a0 The App is called GAVL and with it a potential buyer can \u201cvirtually\u201d attend…<\/p>\n","protected":false},"author":176692471,"featured_media":10532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,10,11,13,36,25],"tags":[101],"class_list":["post-10525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-a-property-topic","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-property-investment-topic","category-sponsored-channels","tag-podcast"],"yoast_head":"\nNew App to help auction buyers - Joel Smith - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/new-app-to-help-auction-buyers-joel-smith\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New App to help auction buyers - 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