How it works for Sellers How it works for Seller’s Agents How it works for Buyer’s
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How It Works for Seller's Agents?

Bid Your Offer provides a transparent real estate bidding platform. Seller’s agents can post their property on this real estate platform for free to provide their Sellers, Buyers, and Buyer’s agents with a transparent bidding platform. Seller’s Agents will be able to list their property and include all their acceptable terms including purchase price, financing/cash terms, escrow amount, inspection period, closing date, and any contingencies they will accept. Buyers will have a fair opportunity to bid their highest and best on this platform by submitting their offering price, financing/cash terms, escrow deposit amount, days of inspection, closing date, and any contingencies. Before bidding on a property the Buyer/Buyer’s agents must send their Buyers proof of funds or pre approval letter and a valid ID to the Seller’s agent or their offer can be considered null and void.

What Are The Auction Terms?

The Seller sets the terms of the auction.
Sellers can select to do a traditional route with no timer or auction style and impose a time limit.
The time limit of the auction is selected by the Seller. The time varies with each auction, and the Seller maintains the right to accept, reject, or counter any offer submitted on the real estate bidding platform at any time.
If the property has not met the reserve amount at the end of the auction time, then the seller can extend the time limit.
The Seller has the option to add in a “Buyer’s Premium”
The Seller has the option to add in the “Seller’s Premium”
The Seller determines who pays the 1% “Success fee”.
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 Contract is received by the Buyer. The Buyer must submit the contract, disclosures, and addendums to the Seller or Seller’s agent within 48 hours. Otherwise, the winning offer can be considered null and void.
Any additional queries should be sent to the property’s Seller’s Agent/Seller, as each auction’s terms and conditions are determined by the Seller of the property.

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. Sellers, Buyers, and Realtors 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.

Get paid to offer this service to your Seller!

We offer 50% of our 1% Success to fee to the Seller’s agent for a successful sale if the Buyer or Seller pays the Success fee!

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Bonus Selling Option

We added a bonus option for Seller’s agents who want to use our service as a complete package to getting more listings with Sellers! With this final option the success fee is cut down to a half a percent (.50%) and will be taken out of the total commission at closing. This is a great option for agents who want to include this as apart of their listing package to Seller’s with no additional fees for Sellers or Buyers. We have included an example image below.

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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 listed by a Seller’s agent and the Buyer or Seller pay the success fee then the Seller’s agent will get half of the success fee at closing for a successful auction. Additionally, the Seller’s agent can also opt to pay the success fee and get 50% off the success fee. 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’s agent must promptly submit a release and cancellation agreement to admin@bidyouroffer.com.
Yes, we encourage Seller’s to use their agent to list for them.
On the home page you can click “Add a Listing.” The Seller’s Agent will be required to create an account and accept the Terms of Service. The Seller’s agent must have the Seller sign an addendum prior to listing that they will pay the .50% Success Fee to Bid Your Offer LLC and .50% of the Success fee to the Seller’s agent at closing before listing. Seller can add the 1% Success Fee to the auction and have the Buyer credit the Seller this fee at closing, if Seller chooses.
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. 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. The Buyer can credit the 1% Success fee to the Seller to pay the fee if the seller chooses.
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.