Buyers and agents can bid online anytime from the beginning until the end of the published auction date.
Auto Bid Option – You may place your bid up to the “maximum high” that you are willing to offer on the property. The system is designed to raise your bid in increments of $1,000 on anything below $100,000 and $2,500 0n anything abouve $100,000 and $5,000 on anything above $$250,000 above the last bid placed only. Example: If the current bid is $100,000 and you set your “maximum high” of $150,000 the system will raise your bid only to $102,500 and you will be shown as the high bidder. If someone places another bid of $105,000, the system will automatically increase your bid again to $107,500 and so on. If someone, places a higher bid, say $120,000 the system will automatically increase your bid to $122,500 and so on. However, if someone places a bid of $151,000 or greater this person will be selected as a high bidder and the system will no longer increase your bid since your “maximum bid” would have been exceeded.
Bidding Auto Extend – Our system Prevents Last Second Bidding by Automatically Extending the Bidding Time. If a bidder places a bid within 2 minutes of the end of the bidding time, the system will automatically extend the bidding time by 2 minutes in order to allow other bidders the opportunity to respond.
House is sold subject to seller approval. Seller reserves the right to accept, reject or counter any bid.
Once the seller accepts the winning bid, the entire process will proceed like a traditional real estate transaction. The buyer will submit a signed contract to the seller with the final sales price being the highest bid offer plus the buyer’s premium. The seller will open escrow with all of the buyer’s contingencies and inspections time frame outlined in the contract. Buyers without an agent please contact the Listing Agent for more information.
All properties are subject to a "Buyer's Premium" Fee based on a percent of the Winning Bid Amount. The " Buyer's Premium" is 5% of the Winning Bid Amount or a Minimum of $2,500 (US), whichever is greater. The payment of the Buyer's Premium fee shall be a condition of Closing.
The winning bidder selected by the seller shall provide a purchase contract within 24 hours. If the winning bidder backs out without submitting the offer, bidder may be liable for a $500 penalty fee and will be invoiced for that amount.
Information deemed reliable but not guaranteed and subject to change without notice.