The RealtyInvestorBid.com 3-step Bidding Process
STEP 1: Create An Account
The account is FREE! Bidding is FREE too!
Everybody, buyers and sellers, must create an account.
We ask for the basics-name, contact information, preferred screen name and password, etc. Plus, we will ask for you to your enter credit card information to verify that you are who you say you are!
Once you've created an account, you're ready to bid.
Don't have an account? Click here to register.
We ask for the basics-name, contact information, preferred screen name and password, etc. Plus, we will ask for you to your enter credit card information to verify that you are who you say you are!
Once you've created an account, you're ready to bid.
Don't have an account? Click here to register.
STEP 2: Bid
RealtyInvestorBid.com bidding is simple.
Log in to your account.
Search for properties. 1
Click the "Bid" button next to the property you're interested in buying.2 That will open up a window for you to submit your offer.3 Bid on all properties that you're seriously interested in buying. Remember: Bidding is FREE!
If you are the winning bidder, the seller / seller's agent will contact you directly within 5 days after the auction has closed to complete the transaction. Bidders should be prepared to close within 30 days of bid close.
Search for properties. 1
Click the "Bid" button next to the property you're interested in buying.2 That will open up a window for you to submit your offer.3 Bid on all properties that you're seriously interested in buying. Remember: Bidding is FREE!
If you are the winning bidder, the seller / seller's agent will contact you directly within 5 days after the auction has closed to complete the transaction. Bidders should be prepared to close within 30 days of bid close.
STEP 3: Buy
This is the stage where the traditional real estate-related contract signing and payment arrangements take place. Keep the following in mind:
Bids are binding offers. However, there is not an official deal until you and the seller have signed a contract. Therefore, you will not take ownership of the property until after closing has been completed and all the terms of your contract have been satisfied. If either you, as the buyer, or the seller reneges on the transaction, RealityInvestorBid.com will charge a $350 fee to whomever fails to do his / her part to complete the transaction. The fee must be paid via credit card.
Financing should be arranged prior to bidding.
Commissions and closing costs are between you and the seller. Information pertaining to these areas will be listed along with the property information or provided directly from the seller.
Each winning bid is subject to a transaction fee equal to 1% of the bid price. Transaction fees owed to RealtyInvestorBid.com are due at the time of closing.
Financing should be arranged prior to bidding.
Commissions and closing costs are between you and the seller. Information pertaining to these areas will be listed along with the property information or provided directly from the seller.
Each winning bid is subject to a transaction fee equal to 1% of the bid price. Transaction fees owed to RealtyInvestorBid.com are due at the time of closing.
References
- Property inspections are optional and can be completed at the buyer's cost and discretion. Inspections should be completed prior to bidding. All bids are "as-is" offers.
- Bid wisely. Bids signify your intent to buy should your offer be accepted. Buyers are held accountable for all accepted bid offers and will incur a $350 fee for defaulting on an accepted offer.
- Some properties may have a minimum bid price or require that bid be submitted based on intervals.
