Our auction will be extended if bidding continues within the final minutes of the auction. This feature gives buyers ample time to continue to place bids, and allows the seller to maximize the price they achieve for their property.
In an auction platform, we have a flat fee that is charged to the seller, then there is a buyer’s premium, paid by the buyer. Any other fees would be prepaid utilities, property taxes, title work and title insurance.
You can set a reserve or minimum bid price that ensures the property will not sell unless a predetermined amount has been achieved. You have the ultimate say in the purchase price and can accept, decline or counter any offer.
At SimpliOffer, our process works in cooperation with your agents ongoing efforts. SimpliOffer provides the additional resources of enhanced advertising and promotion to successfully deliver a qualified buyer for your property. Your agent will still list, market, show, and promote the property just as they normally would.
Our process works best with a listing agent helping you every step of the way. We would recommend an expert in your area to assist in marketing, listing and negotiations, unless you already have one.
A typical SimpliOffer auction lasts on average 8 days. Once we have an offer under contract, the time period for closing is between 30 to 45 days. All of those terms are negotiable as the seller.
At SimpliOffer, we welcome broker participation. All you have to do is have your broker contact the designated Auction Manager, and we will provide them with the Buyer Broker Registration Form.
No problem! If you don't have an agent already, contact us through SimpliOffer.com and we will get a top agent to set up your own private showing.
Yes, you will be able to access due diligence in the Documents section of the property page. This section contains documents to help you make a more informed decision about the property. This information may include, but is not limited to, items such as the home inspection report, termite inspection, area information, purchase contract, and terms and conditions of sale.
“As is, Where is” means buyers purchase the property with no guarantees in regards to the condition of the property. Buyers should rely entirely on their own information, and their inspection of the property. In some rare cases this means buying without setting foot on the property. If showings and inspections are allowed by our seller, we invite you and your experts (contractors, inspectors, surveyors, engineers, land planners, etc.) to inspect the property by appointment as many times as you would like (during our viewing times and dates). We want to provide you with ample access to help you assess the available property. Please contact the website or the listing agent to arrange available times.
The Buyer’s Premium is an amount that is added onto the highest bid to arrive at the total contract price for the property. Buyer’s Premiums vary from auction to auction, so please see the Terms & Conditions of each sale to determine what amount applies to you.
Registration allows you to save properties in your watchlist, sign up for auction alerts, register to bid on an auction, as well as access certain restricted features of the site.
To register to bid on a property, you will be prompted to login, or if you have not yet created a SimpliOffer account you will be prompted to do so. After you create an account you may click the Register button towards the bottom of your screen. You will be required to accept the Auction Terms & Conditions as well as provide a credit card for the pre-authorization amount. This pre-authorization is released within 48 hours after the auction if you are not the winning bidder. Upon completing checkout you will be able to place bids on the property. If you have further questions or need assistance, please contact the designated Auction Manager.
No, you do not have to show proof of funds before you can bid. However, you will need to provide a credit card pre-authorization, or hold, for the required registration amount prior to being authorized to bid. If you are using a buyer’s agent, you will not be required to use a credit card. SimpliOffer does not charge your card, we merely place a temporary authorization to hold funds. If you are not the winning bidder, this hold is released. For more information please see the Terms and Conditions for the property you wish to bid on.
Yes, you can bid on multiple properties at once. To do this, you will need to register individually for each property and make a separate bid deposit for each auction you wish to participate in.
Once you are the winning bid, your agent must submit the state contract for an offer to purchase. As far as closing documents, the title company and/or closing attorney will provide any documents necessary for the closing process.
You may take possession of the property any time after closing.
The seller will provide a preliminary title insurance policy on the property purchased and closed in accordance with the terms and conditions of the SimpliOffer Purchase and Sale Agreement.
The earnest money deposit is the amount due within 24 hours after the close of the auction to the held in a non-interest bearing escrow account until closing. Usually at a local title company. Specify amount on your offer to purchase.
After bidding concludes, the Auction Manager will forward you the wire transfer instructions so that you may wire transfer the required earnest money deposit. The purchase agreement will also contain the information for the Escrow Agent who will be holding funds. If you need assistance, please contact us on our website or info@SimpliOffer.com.
Go to SimpliOffer.com and register as a listing agent with SimpliOffer. Our easy process is all laid out on there. We also have 7 day a week support staff to assist you.
Go to SimpliOffer.com and register to bid on an auction. As a buyer’s agent, you will not be required to put down a credit card like a buyer would.
No, that will be collected once you have the winning bid. The sellers will review and will have the ultimate say to accept, reject or counter the winning offer.
Absolutely not! We have agents all over the nation from all different brokerages use our system and help bring transparency to your transactions!.

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