AZ Online Offers
Do Online Offers really work?
Absolutely, our key to success is superb marketing. Your home is the focal point of all our offline and online marketing. Our system displays your listing professionally and allows buyers to know exactly what they need to offer to purchase your home. We know how to maximize your home’s exposure with our unique systems.
How are we handling Open Houses with COVID-19?
Usually our open houses are full of prospective buyers in every room. We made adjustments to limit the number of parties in the open house, while still maximizing the amount of quality buyers to see your home.
Buyers schedule a window of time using Calendly to view your home. We sanitize and clean after each party as well as provide gloves, face masks and hand sanitizer for any visitor. We are here to work with you and your level of comfort, as every situation and home is unique. Please reach out with any questions or concerns on COVID-19.
How is the contract sale price determined?
GREAT question…here is how we arrive at the contract price for a home…
HIGHEST offer + Buyers Premium = Contract price!
The contract price is the final number that lenders and appraisers will work from.
Does the buyer pay any fees?
Yes. A buyer’s premium is charged on every transaction.
What is the Buyer’s Premium?
Using the Online Offers platform, 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”.
This is the MOST transparent way for a seller to offer the lowest price on their home and still compensate the real estate agents who conduct and close the transaction.
Each property listed on our web site will offer different terms, conditions and buyer’s premium, so be sure to research the property and all of the details on the property bid page.
Does a Seller have to accept the highest bid?
No. A seller can accept, negotiate or reject any offer. You should discuss your strategy with Ryan or Michele.
Can I do anything if the high bidder backs out?
Yes! If we determine the buyer is at fault, we will remove their privileges on our site. A Seller can also choose to pursue them for default.
Is the high bidder guaranteed to buy my property?
No, but an online offer is a binding agreement and how far a seller pursues a non-performing bidder is up to them.
However, the buyer is represented by a Realtor who must submit an AZ Residential Purchase contract. An earnest money check must be submitted to an Escrow Agent 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.
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 one of our agents will contact you and help with the process. There are cost and interest rate savings by working with Amerifirst Financial. If you have any questions on getting a home loan, contact us for more details.
Amerifirst will provide the seller with a $15,000 guarantee if your loan does not close on the scheduled day. CLICK HERE to apply for a mortgage.
If you are paying cash, you must provide a “proof of funds” document prior to be approved for bidding.
How do I place a bid?
You must be a registered member of our site. Registration is currently FREE. Working with a Realtor is required. Once the winning bid is achieved a Realtor MUST facilitate the entire process from bidding, contract submission, inspections to closing.
If you need an agent, we can provide one of our “experts” who work with Online Offer buyers. This is all they do and are experts at guiding you through the process. In addition, there may be cost savings available to you.
If you have an agent, simply provide their name and contact information when registering.
Can a bidder view the home before submitting offers?
On most listings we will have an Open House the weekend prior to the deadline for offer submission. That will be the opportunity to view the home for all buyers.
Please contact the EXP Listing Agent identified on the Auction Property page.
Can I get an inspection?
Yes! Just like every transaction the buyer will have an inspection period. If an inspection has already been completed it will be available as a link from the home listing. In most transactions 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 a listing before placing any bids.
Is there a fee to register or place a bid?
No, there are no fees required to register or bid. However, some sellers may require that you verify your identity using a valid credit card before placing a bid. In that case, an authorization is done with your credit card, but you are not charged.
Also, each property may require a specific deposit once you are declared the winning bidder. Each property will list the required deposit amount in the terms
Where do properties on this site come from?
The properties on this site are offered for sale by local real estate agents on behalf of private homeowners, wholesale investors and some banks or lending institutions.
What are the bidding increments?
Bidding increments can/will vary by property, so be sure to check the details of the property you are interested in.
Will my property be placed on the MLS?
Yes, your home will be placed on the MLS. Your home will be advertised on multiple online platforms with the appropriate terms and disclosures. Our agents will handle all of those details for you. The property will have local, national and international exposure!
Do I need to be a real estate agent to list a property on this site?
Yes! Only “Online Offers Certified” agents from EXP Realty can place properties on this site. If you would like to sell your property, please contact Ryan or Michele at the numbers above.
I still have more questions, who should I ask?
Please schedule a call at your preferred time HERE
AZ Online Offers
16165 N 83rd Avenue Suite 200 Peoria, AZ
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