Bidding process: Ends on Tuesday, July 30th at 2pm.
Buyers and agents can bid online anytime from the beginning until the end of the published auction date.
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 and seller will open escrow with all of the buyer’s contingencies and inspections time frame outlined in the contract. For more information contact Listing Agent!
SELLER RESERVES THE RIGHT TO ACCEPT, COUNTER OR REJECT ANY BID!
Buyer’s Premium 6% (built in the sales price). Buyer’s premium will be added on top of the winning bid which shall establish the final sales price. Highest Bid + Buyer’s Premium = 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 offers!
Notice to winning Bidder If you are the winning bidder selected by the seller at the end of the process and back out without submitting a purchase contract, you may be liable for a $500 penalty fee and will be invoiced for that amount.
For information on how to get approved and bid online Click Here!
In order to place a bid/offer on any property available by auction, 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 auction 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 auction.
Must email listing agent pre-approval separately at time of bid.
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 auction.
Bidding Auto Extend – Our system Prevents Last Second Bidding by Automatically Extending the Bidding Time. If a bidder places a bid within 5 minutes of the end of the bidding time, the system will automatically extend the bidding time by 10 minutes in order to allow other bidders the opportunity to respond.
Attention Winning Bidders! – If You Are The Winning Bidder: Please have your agent submit a signed purchase agreement to the seller within the time specified in “sale terms and conditions” (please see the posting details). If you do not have an agent, please Contact Us.
Information deemed reliable but not guaranteed and subject to change without notice!