How to Place Offers
In order to place an offer on any property available through EZ Real Estate Offer, you must provide either Proof of Funds if paying in cash OR a FULL Underwritten Loan Pre-Qualification Letter From A Mortgage Lender prior to getting access to the offer/bidding area.
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CLICK HERE to register for access to the bidding platform.
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Upon registration and receipt of funding, you will receive access to bid/place offer on properties that meet your criteria.
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Working with a licensed Real Estate Agent is required. Upon winning the bid, a signed MLS contract prepared by a state licensed Agent must be submitted within 24 hours after the winning bid along with the earnest money deposited with an escrow agent.
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A licensed Real Estate Agent must prepare those documents and initiate the process.
If you have an Agent, the registration page will provide you with the option of entering your agent’s contact information. Our agents will contact them and review the bidding procedures. Or, you will have the option to have one of our Agent’s contact you.
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Our agents are experts in this process and can guide you through the entire bidding process from beginning to end and answer all of your questions. They can also explain the financial benefits of working with us.
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What is the “Buyers Premium” – Using our EZ Real Estate Offers option, real estate commissions 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)
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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.
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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. Property will be available for viewing only on the day(s) of the open house (unless agreed otherwise). Buyers must be qualified for bidding based on Pre-Qualified or Proof of Funds.
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Sellers reserve the right to accept, negotiate or reject the highest bid.
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An online offer is a binding agreement and a seller can legally pursue a non-performing bidder.
Be sure to contact us if you have question on this process.
Terms you should know:
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Bid Increments – The system is designed to raise bid in increments set by our team. Increments can vary depending on length of bidding time with minimum being $100 above the last bid placed. Starting Bid increments will range from $1,000 to $2,500.
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Bidding Auto Extend – Our system Prevents Last Second Bidding by Automatically Extending the Bidding Time. Please make your final bid before 5 seconds to allow site to refresh.
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If a bidder places a bid within 2 to 5 minutes of the end of the bidding time, the system will automatically extend the bidding time by 2 to 5 minutes in order to allow other bidders the opportunity to respond.
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Winning Bidders
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If You Are The Winning Bidder
Please have your agent submit a signed purchase agreement to the seller within the time specified in “sale terms and conditions” (please see the posting details). If you do not have an agent, please contact our team at (800) 231-0058 or info@EZREOffer.com.
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Notice to Winning Bidder
Important – If you are the winning bidder at the end and back out without submitting a contract, you will have been considered breaching our terms of use of our bidding submission system and you may be liable for a $500 withdrawal penalty fee. We will invoice you for that amount.