Bidding process:

The seller reserves the right to accept, reject, or counter any offer.

Agents may bid online for their clients anytime until Friday, September 4, 2020 at 7:00PM MDT. (If you do not have an agent, please contact the listing agent for assistance).

6% Buyer’s premium will be added on top of the winning bid which shall establish the final sales price on the REPC. Highest Bid + Buyer’s Premium = Sales Price.

Seller Paid Closing Costs. All bids are placed at seller’s net (without agent fees or seller paid closing costs). If your buyer needs closing costs paid by the seller, you’ll add that amount to your bid on top of the 6% so the seller’s net remains the same.

For example: If the winning bid is $600,000 plus 6% buyer’s premium, $636,000 would be the purchase price entered on the REPC. If your client also needs $5,000 closing costs, then $5,000 would be added also for a total of $641,000.

Normal Transaction. Once the seller selects the winning bid and both parties sign the REPC, the entire process will proceed like a traditional real estate transaction with disclosures, contingencies, etc.

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

In order to place a bid/offer on any property available, the bidder’s agent must REGISTER Click Here! and create an account. If you are a bidder without an agent, please contact the listing agent for assistance.

By creating your account, you agree to accept the Terms and Conditions of the offer process and this bidding platform.

Bidders must either provide Proof of Funds if paying in cash OR an Approval Letter From A Mortgage Lender prior to bid closing or your bid may not be considered. Registration and documents must be received NO LATER than 12:00 pm MDT the last day of bidding.

We STRONGLY encourage you, as the agent, to login to your account long before 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 well before the offer time ends. Technical or agent support may not be available after 12:00 pm on the final day.

Auto Extend 10 More Minutes – Our system prevents last second bidding by automatically extending the bidding time 10 more minutes if a bid is placed within the last 5 minutes to allow other bidders the opportunity to respond. This means there is no advantage to place your bid on the last day or final minutes, since all bidders will have plenty of time to respond, no matter when your bid is placed.

Keeping Track Of Your Bids. You will NOT receive a notification when your bid has been beat so you’ll need to follow the bidding if you want to stay the highest bidder. To see who placed the last 10 bids, click on the word Bids next to the bid count.

Attention Highest Bidder! – Please submit a signed purchase agreement to the listing agent by noon the following day after bid closing. If your offer has conditions or contingencies the seller has concerns with, the seller may ask other bidders to submit a REPC also and choose the best one.

Information deemed reliable but not guaranteed and subject to change without notice.