FREQUENTLY ASKED QUESTIONS...

BUYERS

Will my bid be seen by other buyers?


Yes we have transparency so you know what other buyers are bidding.




Is it hard to bid?


Not at all. Just register with your credit card and begin bidding right away. Also your agent can get approved and bid on your behalf as well.




Do I need an agent?


Yes. Buying a home is a complex transaction. Having an agent exclusively represnting you as the buyer will help you get to the finish line.




What are the terms and conditions of the purchase contract?


If you are the winning bidder, your agent will have 24-hours to submit your offer on your state's standard purchase contract. Just like any other offer, you can modify the standard verbiage if you'd like. If the Seller accepts your offer, whatever is agreed upon in that contract will be the terms and conditions for your purchase.




I have my own agent. Can they still help me by a home through USAHomebids?


Yes they can.




Do you have an autobid feature?


Yes.




Why is transparency important?


It allows you to not be blinded in the bidding process giving you the opportunity to see what other buyers are bidding for the same property.




What's the Buyer's Premium?


Buyer’s Premium is a percentage fee paid by the Buyer. The amount of the Buyer’s Premium will be added on top of the winning bid which shall establish the final sales price. Winning Bid + Buyer’s Premium = Sales Price.




Are there any special forms?


No. Just standard contracts your agent already uses.




How do I know if I get outbid?


You will be alerted through email or by watching the bidding process on the listing website.




Is there a reserve or buy it now price?


No, there is no reserve or buy now price. Seller reserves the right to accept, counter or reject any bids.




I still have questions who should I ask?


Contact us at info@usahomebids.com or use our contact form.




Will I get to do an appraisal?


If you are the winning bidder, your agent will have 24-hours to submit your offer on your state's standard purchase contract. Just like any other offer, you can modify the standard verbiage if you would like. If the Seller accepts your offer, whatever is agreed upon in that contract will be the terms and conditions for your purchase.

It should not be assumed that Seller will agree to a lower price if the appraisal does not match agreed upon purchase price.




Will I be able to do any inspections?


If you are the winning bidder, your agent will have 24-hours to submit your offer on your state's standard purchase contract. Just like any other offer, you can modify the standard verbiage if you would like. If the Seller accepts your offer, whatever is agreed upon in that contract will be the terms and conditions for your purchase.




Will I be able to ask for repairs?


If you are the winning bidder, your agent will have 24-hours to submit your offer on your state's standard purchase contract. Just like any other offer, you can modify the standard verbiage if you would like. If the Seller accepts your offer, whatever is agreed upon in that contract will be the terms and conditions for your purchase.