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The “Buy It Now”
feature is an option. You can make an offer on a property immediately
without bidding. However, you'll need to act quickly! “Buy
It Now” will only be available until the first bid is placed on the
listing. As soon as a bid is placed, the “Buy It Now” option
will no longer be available and the listing will sell through the
normal auction process.
After you have
inspected the listing, if there are no
bids, you will find the "Buy It Now" button on the listing you
select. To execute the "Buy It Now," you must register
first and be
approved by the listing agent. Notify the agent that you want to make a
"Buy It Now" offer. Execute the "Buy It Now" button
and enter your Username and password and follow the insturctions.
This option
requires you to make your best offer because the seller has the option
of auctioning the listing if the offer is not acceptable. There will
be no counter offer. If the seller doesn't accept your offer, it can
become a bid, or you can use the “Automatic Bidder” and let the
auction bid for you. Each bid is an increment about the last bid until
the bidding exceeds your maximum bid. Then you will be notified by
email to increase your bid.
When you have
entered your "Buy It Now" offer, your agent will receive an email
notice. If it is acceptable to the seller, the agent will contact you
to complete a sales agreement. Your “Buy It Now” offer is a binding
bid for 72 hours until it is accepted or rejected. |
