Realty Offers Now uses the selling format that best fits the property and the seller's goals. The primary competitive format is a timed Online Auction.
Buyers register for the property, review the published terms and available documents, and place bids online before the scheduled deadline. Depending on the property-specific terms, the sale may be absolute, subject to a reserve, or subject to seller confirmation.
When displayed on a specific property, Buy It Now or Direct Offer is a purchase feature that may allow a buyer to submit an offer before the auction deadline. Availability and acceptance are governed by that property's published terms.
Offer-to-Sold is not an auction type. It is a two-phase marketing strategy that can begin as a Traditional Listing and transition to an Online Auction if the property is not sold during the initial market period.
The amount at which bidding begins.
The lowest bid the system will accept.
A confidential or published minimum amount required for the property to sell, when applicable.
A sale condition requiring the seller to approve the high bid.
An amount added to the successful bid when stated in the property-specific terms.
The highest amount a bidder authorizes the system to bid on the bidder's behalf.
Additional bidding time triggered by a bid placed near the scheduled closing time.
A property-specific option to purchase at a stated amount before bidding closes, when offered.
