As a seller, you only need to provide some basic information about your property, including the
address, type, number of bedrooms and bathrooms, square footage, acceptable financing/currency, property
condition, expected selling price, type of special sale, timeframe for selling, listing agreement
timeframe, offered commission, requested buyer rebate, services you expect from your agent, property
description, important property information, description of your ideal agent, and optionally requested
property value analysis with photos and/or videos of your property.
Once you provide us with this information, agents will bid on your listing. To place their bids, agents
will provide their contact information, offered commission, offered buyer's rebate, website link,
reviews link, social media links, "about me" section, listing agreement timeframe, why they should be
hired, what sets them apart from other agents, marketing strategy, services provided to the seller,
video listing presentation, promotional marketing materials, business card, and property value analysis
(if requested). If you have a preferred agent, you can enter their contact information when creating the
auction, and we will notify them so they can bid to be your hired agent.
Our platform also offers sellers the option to hire agents who offer a 0.5% rebate to contribute to the
buyer’s closing costs. This rebate can help sellers effectively market their property to potential
buyers and make it stand out from other properties that do not offer such rebates.
We accept a wide range of properties, including regular sales, pre-construction properties, properties
that are currently being built, new construction, REO/bank-owned properties, assignment contracts
(wholesale properties), short sales, probate properties, and more.
Sellers can choose between an auction (with a timer) or a traditional listing (without a timer). With
Auction listings, all offers and terms will be shown. Sellers can accept, deny, reject, or counter any
offers they receive, but will need to wait until the auction timer has ended to accept an offer, unless
an agent bids the Hire Now terms. The Hire Now terms can be defined as the offered commission, requested
buyer’s rebate, terms, and services requested by the seller. With Traditional listings, buyers can
choose to hide or show other offers. They can choose to accept, deny, reject, or counter any offers they
receive at any time with a traditional listing. Sellers can include Hire Now terms with both auction and
traditional listings.
Our platform is a free service for sellers. We will receive a referral fee from the hired agent upon
closing. Moreover, by hiring an agent on our platform, sellers can list their property for free on our
sister platform, BidYourOffer.com. To learn more about the benefits that BidYourOffer can offer for your
property listing, please visit the buyer's section on BidYourOffer.com using the following link: (
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Why Use Bid Your Offer?
Bid Your Offer is a means for all parties to create transparency in every Real Estate transaction. The number
one quality Sellers and Buyers look for in a Real Estate Transaction is Trust. Sellers and Buyers can rely
on Bid Your Offer platform to provide all the important offering terms of a transaction by putting every
party on the same playing field.
Seller’s can have confidence by utilizing this platform it creates Trust and Transparency for all parties and
ensures Seller’s will be presented with all offers fairly and timely. Buyers no longer have to be
disappointed that their offer wasn’t selected because of the lack of transparency with the other competing
offers. Agents can avoid going back and forth with negotiations of the contract terms and will only need to
complete the contract once the Seller selects the winning bid.
Typically, numerous Buyers propose similar price/terms without putting up their best offer because they are
unaware of the other offering prices/terms. Bid Your Offer is a means for all parties to be more transparent
because Buyers can now be aware of what other Buyers are offering instead of guessing. The results can be
numerous bids competing and Buyers putting their best offer forward. In many cases had a buyer known they
missed out on a property by only a few thousand dollars, they would have paid it.
Please Note: The 1% Success fee can be paid by the Buyer if the Seller chooses to have the Buyer Credit the
Seller at Closing. Seller can also add in a “Buyer’s Premium” to help cover the closing costs. This makes it
easy for Sellers to get a Full Service Representation without paying for it.. This real estate platform will
give you the best results when you are priced correctly.
The success fee is 1% of the purchase price paid to Bid Your Offer LLC at
closing for the success of the auction. The success fee will be added to the final sales price if
paid by the Buyer. If paid by the Seller the fee will come out of the proceeds at closing. If the
property contract is canceled, the Seller or Seller’s agent must submit a cancellation contract to
admin@bidyouroffer.com. The Success fee is only charged when the sale is closed.
The Buyer’s Premium is a charge to the Buyer in addition to the final sales
price. The premium is added to the winning offer to arrive at the final contract price paid by the
Buyer for the property. This additional fee is credited to the Seller at closing. Additionally, by
including a “Buyer’s Premium,” Sellers will reduce their closing expenses. This enables Sellers to
work with a full-service realtor without paying a full commission. The amount of the Buyer’s Premium
varies from auction to auction and is determined by the Seller. If the property contract is
canceled, the Seller or Seller’s Agent must upload and submit a cancellation contract to
admin@bidyouroffer.com.
The Seller has the option to include a “Seller’s Premium” to their auction.
The Seller’s Premium is a percentage amount off the purchase price that the Seller will pay the
Buyer at closing. This premium will cut down the closing costs for a Buyer. The benefit of adding in
a Seller’s Premium is that it attracts more Buyers to a Seller’s property. By adding in this premium
it will help a Seller’s Property stand out and could ultimately lead to more offers. This Seller’s
Premium is especially beneficial in a “Buyer Market” or for a home that needs work.
We will only collect the fee at the time of closing. If the real estate
contract falls through, the Seller or Seller’s agent must promptly submit a release and cancellation
agreement to admin@bidyouroffer.com.
Yes, we suggest using a real estate agent to ensure a successful auction on
our real estate bidding platform. Your house will be professionally marketed and priced by a
seasoned agent. This is critical to the auction’s success. Please contact us to get to get your
property professionally listed and marketed.
On the home page you can click “Add a Listing.” The Seller will be required
to create an account and accept the Terms of Service. Seller must sign an addendum prior to listing
that they will pay the 1% Success Fee to Bid Your Offer LLC at closing before listing. Seller can
add this Success Fee to the auction and have the Buyer credit the Seller this fee at closing, if
Seller chooses. If seller chooses to have the Buyer pay the 1% Success fee the fee will be added to
the winning bid to come up with the final sales price.
Adding your property to our real estate bidding site is completely free! At
the time of closing, Bid Your Off LLC will receive a 1% success fee which the Buyer can credit to
the Seller to pay the fee. If listed by a Seller’s agent then Seller’s agent will get half of the
success fee premium at closing for a successful auction.
No, the Seller’s Agent will provide the winning real estate bid with an “AS
IS” contract, all the disclosures, and addendums. If Seller is not represented by an agent then the
Buyer’s agent will provide Buyer the documents. If there are no Real Estate Agents involved, Seller
can email admin@bidyouroffer.com to request an “AS IS’ contract, all the disclosures, and addendums.
Once the Buyer receives the contract they will have 48 hours to sign and submit the contract to the
Seller/Seller’s agent or their offer can be considered null and void.
