COMMON QUESTIONS ABOUT REALTYBID.COM

RealtyBid.com is an Internet auction platform for real estate, offered by RealtyBid International, LLC, a national real estate auction firm that sells thousands of real estate assets each year throughout the country. This exciting Internet auction site provides a convenient platform for buying and selling real estate online.

Due to traffic congestion at the end of an auction, we do not recommend waiting until the last few minutes of the auction to place your bid. The site is designed to handle a tremendous volume of traffic, but there is no guarantee that your bid will make it through to the site. Bids have been received late at times due to the speed of some bidder computer equipment and/or the connection speed of the Internet service provider (ISP). RealtyBid.com shall not bear responsibility for bids that do not make it through to the site. It is our recommendation to place your bids early and make use of the BidAssist™ feature if you are willing to pay more for a property than the amount that is bid at that time. Please read about BidAssist™ within Helpful Site Features under the "Learn" pull-down section at the top of the website.

The properties on this site are offered by real estate agents, corporations, financial institutions, builders, developers, government agencies, and other motivated sellers.

No, any back taxes or title issues will be cleared by the Sellers prior to closing, or the buyer will receive a refund of his deposit, unless otherwise indicated in the description of the property.

You will need to register via the Bidder Registration page on this site, and then place bids from an property's Bid Page, or from your My Properties page. For more information about bidding, click the Helpful Site Features link within the "Learn" category on the top menu.

Yes, in most cases there is a discounted reserve (minimum) price that must be met on each property. Each property's Bid Page should indicate whether the reserve price has been met.

You can place multiple bids on each property; however, all bids are final and binding (see Bidder Terms). You will need to inspect each property prior to placing a bid. You can call the property's Listing Agent, whose contact information will always be located at the top right of each property's Bid Page, to view the property.

Yes, there is an Internet Transaction Fee, similar to a traditional auction company's Buyer's Premium fee, that is added to each property sold. This fee, which is specified on each property's Bid Page, is paid by the buyer to RealtyBid.com at closing.

No, there are no fees required to bid. Each property does require a specific bid deposit once you are declared the winning bidder. The bid deposit will be applied and credited to the down payment, which is also property specific; however, in most cases, the minimum acceptable deposit for each property is five percent (5%) of the total contract price or $2,000, whichever is greater, unless otherwise noted with the property. During the registration process, you will be required to input a credit card number. This is to allow our sellers to know you are a real person and of legal age to bid. Your card will never be charged unless you are a winning bidder and fail to complete the Sales Contract and return it in a timely fashion. In this case, depending on the circumstances, your credit card may be charged a $350 default fee. You may also elect to utilize your credit card to purchase any of the property-related products offered on the site from time to time.

Yes, the bidding system will allow you to know when the reserve price has been met through an indicator on that property's Bid Page. The indicator does not display the reserve price amount, just whether or not its been met at the current bid price offered.

Yes, in most cases. Almost all of our sellers pay a buyer agent fee (as defined with the property). If a property is sold through the website and the winning bidder lists you as the buyer agent on his purchase agreement questionnaire, you will be eligible for the buyer agent fee offered and advertised.

Sniping occurs when a bidder waits until the last minute of an auction to place a bid to prevent other bidders adequate time to respond and bid again. The only safeguard built into the RealtyBid.com bidding system to help prevent sniping is the BidAssist™ feature. The BidAssist™ feature is more fully described on the Helpful Site Features page.

To fully enjoy all of the features of our site, please make sure your system meets the following requirements:

1. Internet Explorer 6.0 or higher (click here to download)
   OR Firefox 1.5 or higher (click here to download)
2. Macromedia Flash Player 8 or higher (click here to download)
3. Javascript enabled (click here for details)
4. Adobe Reader (click here to download)
5. Using a MAC? Try the Camino Browser (click here to download)