How many pictures can a listing have?
We currently allow an unlimited number of pictures to be uploaded per auction listing.
I still have more questions, who should I ask?
Please contact Mike Williams of RE/MAX One at (443) 624-8900 or email: Mike@boldanddifferent.com. He is available to answer all of your questions and provide any guidance necessary.
Will my property be placed on the MLS?
Yes, your home will be placed on the MLS and advertised on multiple online platforms with the appropriate terms and disclosures. Our agents will handle all of those details for you.
Do auctions really work?
Answer: Absolutely, but the key to success is good marketing. Our system is the tool to display your listing professionally and accept offers (bids) online. We incorporate your auction listing as the focal point of all of our offline and online marketing. We handle all of that for our Sellers.
Do I need to be a real estate agent to list a property on this site?
Yes! If you would like to sell your property, please contact Mike Williams at (443) 624-8900 or email Mike@boldanddifferent.com.
Can I do anything if the high bidder backs out?
Yes! We will contact the second-highest bidder and make an offer to them. Also, If we determine the “high bidder” buyer is at fault, we will remove their privileges to bid our site. We also will advise the Seller to seek legal counsel should they choose to pursue them for default.
Is the high bidder guaranteed to buy my property?
No, but an online auction is a binding agreement and how far a seller pursues a non-performing bidder is up to them.
However, the buyer must submit a Maryland Residential Contract of Sale and an earnest money check within 24 hours of winning the bid. By doing this, it will help identify a non-performing bidder right away.
In addition, a buyer must provide a full loan approval letter from a Licensed Mortgage Lender prior to bidding. If they are paying cash they must provide a proof of funds to us before bidding.
Does a Seller have to accept the highest bid?
No. A seller can counter or reject an offer.
Does the buyer pay any fees?
We DO NOT charge a technology fee to list a property on our web site.
However, the buyer is responsible to pay a buyer’s premium based on auction bid price. Make sure you understand all the terms and conditions of an auction before you place a bid on it.
What is the Buyers Premium? Using the our auctions option, real estate commission can be paid by the seller, the buyer or both. The buyer’s side of the commission is called “Buyer’s Premium”. (Highest Bid + Buyer’s Premium = Sales Price)
This is the MOST transparent way for a seller to offer the lowest price on their home and still compensates the real estate agents who conduct and close the transaction.
Each property listed on our web site will offer different terms, conditions and buyers premium, so be sure to research the property and all of the details on the property bid page.
Can I view the home before bidding?
On most Auctions we will have an Open House the weekend prior to the end of the auction. That will be the opportunity to view the home for all buyers.
Please contact Mike Williams at (443) 624-8900 if you have questions.
Can I get an inspection?
In most Auctions once the sale is approved, the buyer will have an additional inspection period to complete any additional inspections. If there are inspections already done they will be available as a link from the auction listing. In most Auctions any and all inspection requests will be honored, just ask the agent to set up a time for your inspector. Please read the complete terms and conditions of an auction before placing any bids.
Is there a fee to register or place a bid?
No, there are no fees required to register or bid.
Each property may require a specific deposit once you are declared the winning bidder. However, if this is the case, it will be listed in the auction terms.
Where do properties on this site come from?
The properties on this site are offered for sale by property owners that have a signed listing agreement with RE/MAX One.
What are the bidding increments?
You can bid $1,000 at a time.
Do I have to pay cash or can I get a mortgage?
Yes, you can use a mortgage. However, in order to submit a bid, you will need to provide us with a “pre-approval” from a licensed mortgage lender. A pre-approval is different than a pre-qualification. Once you register you or your agent will be contacted to assist you with the process. There are cost and interest rate savings by working with my preferred SWBC Mortgage Lender. If you have any question on getting a home loan, contact Mike Williams of RE/MAX One at (443) 624-8900 or email him: firstname.lastname@example.org.
Or, CLICK HERE to apply for a mortgage.
If you are paying cash, you must provide a valid ID with a “proof of funds” document prior to being approved for bidding.
How do I place a bid?
You must be a registered member of our site. Registration is FREE. Once the winning bid is achieved – a normal residential sale will take place; ie, a formal contract submission and closing will take place.
If you need an agent, please reach out to Mike Williams of RE/MAX One at (443) 624-8900 or email him at: email@example.com. Mike will be more than happy to assist you.
If you have an agent, simply provide their name and contact information when registering.
CLICK HEREto read the complete bidding instructions.