Buyers and agents can submit a bid online anytime from the beginning until the end of the published date; provided they have submitted a pre-approval or POF to the listing agent.

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 plus the Agent Compensation.  The buyer and seller will open escrow with all of the buyer’s contingencies and inspections time frame outlined in the contract. For more information contact the Listing Agent!

SELLER RESERVES THE RIGHT TO ACCEPT, COUNTER OR REJECT ANY OR ALL BIDS!

Agent Compensation on this transaction is {INSERT %}. Agent Compensation will be added on top of the winning bid which shall establish the final sales price.

Highest Bid + Agent Compensation = Sales Price!

The winning Bidder shall provide a purchase contract within 24 hours from the time of acceptance of the winning bid by the seller. If the buyer will not provide the purchase contract within the time frame specified above, the seller reserves the right to accept other bids!

*******IMPORTANT DETAILS*******

In order to place a bid on any property available on this site, you must REGISTER and create an account at the URL above. If you are working with an Agent, you will need to provide us with their contact information.

By creating your account, you agree to accept AND you understand the Terms and Conditions of the online bid process and this bidding platform.

In addition, you must either provide Proof of Funds if paying in cash OR a FULL Underwritten Loan Approval Letter From A Mortgage Lender prior to getting access to the bidding area. Registration and documents must be received NO LATER than 12:00 pm PST the day of the bid submission end date.

If you are not registered and/or you have not provided suitable documentation by 12:00 pm on the day of the bid submission end date, you will NOT be allowed to bid on a property!

Also, we STRONGLY encourage you or your agent to login to your account prior to the end of the bidding time on the property you wish to bid on. It is IMPORTANT to understand the steps and functionality needed to place your bid. Technical or agent support will not be available after 12:00 pm on the final day of the sales process.

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 5 minutes in order to allow other bidders the opportunity to respond.

Attention Highest Bidder! – Having the highest bid on the site property page does not necessarily mean your bid is the final declared winning bid or that your bid is accepted. There are many factors that go into a seller accepting an online bid such as type of mortgage financing, down payment, amount of earnest money, closing date, home sale and other contingencies etc. The listing agent will call all agents representing buyers who have placed competitively priced bids on a particular property on our platform to learn all the details of their bids. Only after the seller and seller’s agent discuss the terms of all the competitive bids submitted on the site will they determine who the “Final Declared Winning Bid” will be from all competitive registered buyers involved in the online sales event.

IMPORTANT: THE SELLER RESERVES THE RIGHT TO ACCEPT, REJECT ANY OR ALL BIDS

By agreeing to these Terms and Conditions you agree and understand any bids you submit will be available and visible to the public in real-time on the property page of our web site.

The Seller has required the listing agents to have all bids submitted online. We have been instructed NOT to review or present bids that were not submitted through the online process.

If you are submitting a bid from a different time zone than the property, you MUST change the clock on your computer to ensure your bids are submitted in a timely manner.

WE DO NOT RECOMMEND USING A MOBILE PHONE FOR SUBMITTING A BID! IF YOU DO, YOU MUST REFRESH YOUR SCREEN TO ENSURE ACCURACY!