Real Estate Auction Bid Home Real Estate Auction Bid Home
 
City:
Zip Code:
Price Range: to
Learn how to bid and buy houses using our online auction system.
Click Here.
Learn how to sell houses using our online auction system.
Click Here.
-Be referred to a Mr Market-approved Real Estate Agent

-Get Pre-qualified for a Loan from a Mr Market-approved Mortgage Broker

-Order a Home Value Report from a Mr Market-approved Appraiser

-Order a Home Inspection from a Mr Market-approved Home Inspector
Copyright Fair Market Value Auctions. All rights reserved. NOTE: FMV Auctions is not acting as a real estate broker. All properties shown on FMV Auctions are listed with permission of property owners -- often under the direction of active real estate agents legally doing business under their state guidelines. FMV Auctions offers this website auction platform which functions as a tool for buyers to submit offers to sellers. This exciting option provides a convenient new way to help their buyers and sellers exchange offers on real estate transactions online.

BUYERS - How to Bid on FMV Auctions

Auction Benefits                        FAQ's                     
How to Bid/Buy                         Bidder TIPS
HOW TO BID/BUY with FMV Auctions

1) Register with FMV.
The first step to using FMV Auctions is to Register with us. Registration is free. You’ll create your own ID and Password and then you’ll be provided with a free account with FMV which you can use to manage all your bidding activity. You account will allow you to WATCH properties you are interested in, track the properties you have placed BIDS on, and do much more.

2) Find a property you want to buy and Bid!
You can use any of our SEARCH functions (Map Search, Search Page, or Find a Home Links) to find properties that interest you. Once you identify one (and your are logged in to your account), all you need to do is to visit that property’s Bid page (the page which is specific to that property) and then simply enter your bid. You will be asked to confirm that you want to place this bid (all bids are binding contracts). Once you do so, you’ll receive a bid confirmation email and also be able to review the updated Bid page for that property to see if you are the new high bidder.

3) Monitor the auction to see who wins
FMV can provide you a variety of tools to help you monitor the status of the auction. You can use your “My Tools” Account, review the automatic emails that get sent to you regarding bidding activity, watch the Property Page itself to see who else is bidding, and even use the FMV Concierge Bidding Service to protect your position (see below for more info on this useful tool).

Additional Notes:
1) Click here for Bidding Tips!
2) CLICK HERE FOR additional Buyer FAQs

3) The required bid increment will be indicated on the property’s Bid Page. Also, the FMV Auctions Internet Transaction Fee is posted on the Bid Page. This is the amount you will pay FMV Auctions in addition to your bid price at the closing.

4) Once you submit a WINNING bid, you will receive an email with instructions on how to proceed with the purchase of the property.

5) Once you submit a WINNING bid, you will receive an email with instructions on how to proceed with the purchase of the property.

6) Remember, you can use the BUY It Now! Feature if you really like the property and believe the Buy It Now! Price is acceptable to you. For more information, please visit our Bid Tips! Page.

7) Property Inspections: Properties are available for viewing and inspection by contacting the property’s listing agent. The listing agent’s name and contact information is indicated on the property’s Bid Page. It is recommended that you view the property prior to bidding. If you do not view the property prior to bidding and you win the property, you will still be required to accept the property regardless of its condition. Unless otherwise noted within the property information, all properties on FMV Auctions sell as-is, where-is with no contingencies for inspection or financing.

8) Acceptance of Offers: FMV Auctions reserves the right to notify you of an acceptance of your offer by the Seller for up to five business days after you submit a contract and escrow your deposits. This allows Sellers time to evaluate your offer, speak with their agents and advisors, and then communicate that acceptance back to FMV Auctions's staff.  
8a). If the property is a short sale or an REO, additional time may be required to gain the Seller’s decision. The reason is simply because bank property sales typically require a final review and acceptance by the bank's managers. Time frames will vary based on the amount of the offer, the lender in question, and the underlying investor. Most short sales will take 60 days to get an approval, but there is no guarantee and some short sales may take 4-6 months if the offer is extremely low and/or the bank wants to counter.

9) Rejection of any Offer or Bid: According to the TERMS for using FMV, Seller agrees that if the bid price equals or surpasses the Reserve Price, then the property shall be sold to the high bidder at the conclusion of the online event – provided the Buyer confirms their bid and submits a non-contingent standard purchase contract within the End of Auction Winning Bidder Time Period. However, no offer shall be deemed fully accepted by the seller until a written contract has been executed by both parties regardless of the nature and circumstances of that potential transaction.

10) Make note of the TIME ZONE? (PST)
FMV Auctions use Pacific Standard Time as the official clock for auctions. Because internet bidders/buyers come from across the globe, the world clock of PST as utilize by our web hosting company is the most fair and reasonable countdown clock available. On the BID BOX, the End of Auction date/time is based on PST.
As an example , EST is 3 hours AHEAD of PST
 
2008 © Fair Market Value Auctions. All rights reserved. Read Legal policy and Privacy policy.