Registering for residential properties requires a credit card deposit.
In some cases, a call with a Bidder Qualification Representative is required.
Read and understand all due diligence documents and transaction details prior to the auction.
A buyer's premium fee may be added to the winning bid amount. The percentage of the buyer's premium varies and is stated on the property page.
Find a property of interest, complete your due diligence and fill out the Buyer Information. Be sure to confirm auction dates and times.
If you chose to use a broker and want them to receive a commission, you must identify your broker during your registration. A commission must be offered and your broker must be licensed in the state where the property is located. In addition, your broker must register for your property of interest at least 24 hours in advance of the auction. A broker is not required.
You can continue to add or remove listings to your event registration. If you wish to add a property after you have submitted your initial deposit, you will need to repeat this process.
Deposits are taken online with a credit card authorization and hold.
Confirm your properties, your deposit amount due and accept and agree to Auction.com's terms and privacy statement.
Once you confirm your authorization and payment, you may be asked to contact a Bidder Qualification Representative to discuss property-related information, such as Terms and Conditions. You will not be allowed to bid until your registration is approved. If required, contact a Bidder Qualification Representative at:
Auction.com may offer financing (verify on your property's page). Otherwise, you will need to obtain financing from your lender, the listing broker or a direct, third-party lending and equity source. Learn more about AuctionFinance.com.
If you are purchasing under a legal entity other than your personal name (such as a formed corporation, partnership, LLC or trust), Auction.com requires evidence demonstrating ownership and control of the entity, as well as evidence that the entity is in good standing. Buying as a foreign (non-U.S.) entity or pending (U.S and non-U.S) LLC is not permitted.
By auction day, your online and offline materials (if applicable) must be submitted and you must be approved to bid. Bidding can be managed from the Property Page.
To win, you must be the highest bidder. Following the auction, the highest bidder will receive a confirmation email with information on steps to complete the transaction. They will also be contacted within 24 hours after the auction ends to confirm the contract and the specifics of the sale.
You will need to submit the following items:
Signed contract (within 2 hours of auction end)
Proof of funds (within 1 business day of auction end)
Entity documents (within 1 business day of auction end)
Earnest money deposit (within 1 business day of auction end)
Your bidder deposit will only be released once escrow confirms that all payments have been wired and the 4 items above are received on time.
If you are the winning bidder, and you do not provide these 4 items by their due dates, Auction.com will retain your credit card deposit.
The credit card hold will be released by Auction.com within two business days after the end of the auction.