How many pictures can a listing have?
We currently allow an unlimited number of pictures to be uploaded per auction listing.
I still have more questions, who should I ask?
Please contact Jim Pogue at (509) 440-1513. He is available to answer all of your questions and provide any guidance necessary.
Will my property be placed on the MLS?
Yes, your home will be placed on the MLS and advertised on multiple online platforms with the appropriate terms and disclosures. A Licensed Real Estate Agent will handle all of those details for you.
Do On-Line Events really work?
Answer: Absolutely, but the key to success is good marketing. Our system is the tool to display your property professionally and deliver offers online to your Real Estate Agent. We incorporate your On-Line Event as the focal point of all our offline and online marketing. We and your Real Estate Agent handle all of that for our Sellers.
Do I need to be a Real Estate Agent to list a property on this site?
Yes! Only “On-Line Offer Certified” Agents can place properties on this site. If you would like to sell your property, please contact Jim Pogue at: (509) 440-1513
Can I do anything if the high offer backs out?
Yes! You can report the high Offeror to us if you are not working with one of our agents. If we determine the Offeror is at fault, we will remove their privileges on our site. A Seller can also choose to pursue them for default.
Is the high offer guaranteed to buy my property?
No, but an online event is a binding agreement and how far a Seller pursues a non-performing Offeror is up to them.
However, the Buyer is represented by a Realtor who must submit an WA Residential Purchase Contract and an Earnest Money check must be submitted to an Escrow Agent within 24 hours of winning the offer. By doing this, it will help identify a non-performing Offeror right away.
In addition, a Buyer must provide a full loan approval letter from a Licensed Mortgage Lender prior to offering. If they are paying cash they must provide a proof of funds to us before offering.
Does a Seller have to accept the highest offer?
No. A Seller can counter or reject an offer. You should discuss strategy with your Online Offers Agent and Realtor.
Does the Buyer pay any fees?
We DO NOT charge a fee to list a property on our web site.
However, it is up to each individual Seller whether or not they charge a Buyer’s premium. Make sure you understand all the terms and conditions of an On-Line Event before you place an offer on it.
What is the Buyers Premium? Using the our OnLine Event option, 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”. (Highest Offer + Buyer’s Premium = Sales Price)
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.
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.
Can I view the home before offering?
On most events we will have an Open House the weekend prior to the end of the event. That will be the opportunity to view the home for all Buyers.
Please contact the Listing Agent identified on the Online Offer Property page.
Can I get an inspection?
In most Events once the sale is approved, the Buyer will have an additional inspection period to complete any additional inspections. If there are inspections already done they will be available as a link from the listing. In most events 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 an event before placing any offers.
Is there a fee to register or place an offer?
No, there are no fees required to register or offer. However, some Sellers may require that you verify your identity using a valid credit card before placing an offer. 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 offorer. 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 offer increments?
Each event is differesn. Most events allow $500 or $1000 at a time.
Do I have to pay cash or can I get a mortgage?
Yes, you can use a mortgage. However, in order to submit an offer, 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. If you have any question on getting a home loan, contact us for more details or click below.
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 offering.
How do I place an offer?
You must be a registered member of our site. Registration is currently FREE. Working with a Realtor is required. Once the winning offer is achieved a Realtor MUST facilitate the entire process from offering, contract submission, inspections to closing.
If you need an Agent, we can provide one of our “experts” who work with On-Line Event Buyers. This is all they do and are experts at guiding you through the process.
If you have an Agent, simply provide their name and contact information when registering.
CLICK HEREto read the complete offer instructions.
“DISCLOSURE: The online auctions described on this site are conducted by Pogue Auctions, LLC, Washington Auctioneer License No. 2194. Pogue Auctions, LLC is owned and operated by James Pogue, and it provides auction services free of charge to sellers represented by James Pogue of eXp Realty. Pogue Auctions, LLC is not affiliated with eXp Realty.”
