*****IMPORTANT INFORMATION*****
In order to place an online offer on any property being sold on this website, you must provide either Proof of Funds if paying in cash OR a Pre-approval Letter With DU Findings from a mortgage lender prior to getting access to the offering area.
You can get your loan approval started by clicking here.
By creating your account, you agree to accept AND understand the Terms and Conditions of the online offering process and the MetroDCOnlineOffers.com platform.
Again, you must provide either Proof of Funds if paying in cash OR a Pre-approval Letter With DU Findings from a mortgage lender prior to getting access to the offer area. Registration and documents must be received NO LATER than 12:00 pm the day the offer period ends.
If you are not registered and/or you have not provided suitable documentation by NOON on the day the offer period expires, you will NOT be allowed to offer on a property!
We also STRONGLY encourage you or your agent to log in to your account prior to the end of the offering time. It is IMPORTANT to understand the steps and functionality needed to place your offer. Technical or agent support will not be available after 12:00 pm on the final day of the online offering process.
WE DO NOT RECOMMEND USING A MOBILE PHONE FOR SUBMITTING OFFERS! IF YOU DO, YOU MUST REFRESH YOUR SCREEN TO ENSURE ACCURACY!
CLICK HERE to easily register for access to the MetroDCOnlineOffers.com platform.
Working with a licensed Maryland Real Estate Agent is required. After our listing agent confirms with the seller that the terms and price of your offer are acceptable, a signed Maryland Residential Purchase Contract must be prepared by a Maryland licensed agent and must be submitted within 24 hours after the winning offer has been accepted by the seller. With the purchase contract, the earnest money shall be deposited with an escrow agent.
A Maryland licensed Real Estate Agent must prepare those documents and initiate the process.
If you have an agent, the registration page will provide you with the option of entering your agent’s contact information. Once their information is entered, one of our agents will contact them and review the offering procedures. Or, you will have the option to have one of our agents contact you and help answer any questions.
Our agents are experts in this process and can guide you through the entire offering process from beginning to end and answer all of your questions. They can also explain the financial benefits of working with us.
What is the “Agent Compensation” – Using the https://metrodconlineoffers.com/ option, real estate commission is paid in the form of “Agent Compensation”. Agent Compensation can range from 0% to 12% of the “Final/Winning Offer Price (not the Final Sales Price).
The final sales price is calculated in the following manner:
Final/Winning Offer + Agents Compensation = Final Sales Price.
Realtor Fees are paid from the Agent Compensation NOT the final sales price. Please read the full Terms and Conditions of our site here: https://metrodconlineoffers.com/
Each property listed on our website will offer different terms, conditions, and agent compensation, so be sure to research the property and all of the details on the property page.
The property will be available for viewing only on the day(s) of the open house (unless agreed otherwise)
Buyers must be approved to submit offers manually by the seller’s agent once the buyer’s Loan Approval or Proof of Funds has been received.
Sellers reserve the right to accept, negotiate or reject the highest offer or any other offers.
An online offer is a binding agreement, and a seller can legally pursue a non-performing buyer.
Be sure to contact us if you have questions about the offer process.
Terms You Should Know:
One hour before the deadline ends, ALL offerors will start to receive offer updates via e-mail. However, you can monitor the screen for real-time updates and offers.
Offer Auto Extend – Our system Prevents Last Second Offers by Automatically Extending the Offer Time.
If a buyer places an offer within 2 minutes of the end of the offer deadline, the system will automatically extend the offer time by 5 minutes to allow other buyers the opportunity to respond.
Attention Highest Offeror! – Being the highest offer on the site property page does not necessarily mean your offer is the final declared winning offer or that your offer is accepted. There are many factors that go into a seller accepting an online offer such as type of mortgage financing, down payment, amount of earnest money, closing date, home sale, and other contingencies, etc.
The listing agent will call all agents representing buyers who have placed competitively priced offers on a particular property on our platform to learn all the details of their offers. Only after the seller and seller’s agent discuss the terms of all the competitive offers submitted on the site will they determine who the “Final Declared Winning Offer” will be from all competitive registered buyers involved in the online sales event.
Once we have discussed the terms of your offer and the seller accepts your offer, your agent MUST submit a signed purchase agreement to the seller within the time specified in “sale terms and conditions”
IMPORTANT: THE SELLER RESERVES THE RIGHT TO ACCEPT, OR REJECT ANY OR ALL OFFERS
By agreeing to these Terms and Conditions you agree and understand any offers you submit will be available and visible to the public in real-time on the property page of our website.
The Seller has required the listing agents to have all offers submitted online. We have been instructed NOT to review or present offers that were not submitted through the online process.
If you are making offers from a different time zone than the property, you MUST change the clock on your computer to ensure your offers are submitted in a timely manner.
WE DO NOT RECOMMEND USING A MOBILE PHONE FOR SUBMITTING OFFERS! IF YOU DO, YOU MUST REFRESH YOUR SCREEN TO ENSURE ACCURACY!
Notice to the Highest Offer: Important – If you have the highest offer at the end of the offer process and back out without submitting a contract, you will have been considered breaching our terms of use of our offer submission system and you may be liable for a $500 withdrawal penalty fee. We will invoice you for that amount.
*******IMPORTANT*******
In order to place a bid/offer on any property available by auction, you must REGISTER and create an account. If you are working with an Agent, you will need to provide us with their contact information.
CLICK HERE to register for access to the bidding platform.
By creating your account, you agree to accept AND you understand the Terms and Conditions of the auction process and the HomeAuctionPros.com bidding platform.
In addition, you must either provide Proof of Funds if paying in cash OR a FULL Underwritten Loan Approval Letter From A Mortgage Lender prior to getting access to the bidding area. Registration and documents must be received NO LATER than 12:00 pm PST the day of the auction.
If you are not registered and/or you have not provided suitable documentation by NOON on the day of the auction, you will NOT be allowed to bid on a property!
We also STRONGLY encourage you or your agent to login to your account prior to the end of the bidding time on the property you wish to bid on. It is IMPORTANT to understand the steps and functionality needed to place your bid. Technical or agent support will not be available after 12:00 pm on the final day of the auction.
You can get the loan approval started by clicking here
CLICK HERE to register for access to the bidding platform.
Upon acceptance to our online bidding platform, you will receive access to bid/offer on properties that meet your criteria.
Working with a licensed Real Estate Agent is required. Upon winning the bid, a signed MAR contract prepared by a Maryland licensed Agent must be submitted within 24 hours after the winning bid along with the earnest money deposit to the title company.
A licensed Real Estate Agent must prepare those documents and initiate the process.
If you have an Agent, the registration page will provide you with the option of entering your agent’s contact information. Our agents will contact them and review the offer procedures. Or, you will have the option to have one of our Agent’s contact you.
Our agents are experts in this process and can guide you through the entire offer process from beginning to end and answer all of your questions. They can also explain the financial benefits of working with us.
What is the “Agents Compensation” – Using our Online Offers 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 Bid + Buyer’s Premium = Sales Price)
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 website will offer different terms, conditions, and Agent Compensation, so be sure to research the property and all of the details on the property bid page.
The property will be available for viewing only on the day(s) of the open house (unless agreed otherwise)
Buyers must be approved for bidding manually by the seller or seller’s agent.
Sellers reserve the right to accept, negotiate or reject the highest bid.
An online auction is a binding agreement and a seller can legally pursue a non-performing bidder.
Be sure to contact us if you have questions about the offer process.
Terms You Should Know
Auto-Bidding: The system can be set to automatically enter bids for you. You choose your starting offer (cannot be less than the starting bid) and then determine the increments your bids can increase. (must be at least or more than the minimum increments listed on the property page.)
Then, you enter the “maximum” price you are willing to pay.
The system will begin to activate your bids 6 hours before the end of the auction. If other auto-bids are set, the system will manage the process of “bid submission” until your maximum offer has been met.
If another bidder has a higher “maximum bid” the system will continue the bidding process.
Of course, if you change your mind on the day of the auction, you can login to your account and manually submit additional offers.
At the time, all auto bids have been submitted, bidders can still continue to submit offers manually.
One hour before the bidding ends, ALL bidders will start to receive bid updates via e-mail. However, you can monitor the screen for real time updates and bids.
Bidding Auto Extend – Our system Prevents Last Second Bidding by Automatically Extending the Bidding Time.
If a bidder places a bid within 5 minutes of the end of the bidding time, the system will automatically extend the bidding time by 10 minutes in order to allow other bidders the opportunity to respond.
Attention Winning Bidders
If You Are The Winning Bidder: Please have your agent submit a signed purchase agreement to the seller within the time specified in “sale terms and conditions” (please see the posting details). If you do not have an agent, please Contact Us.
Notice to Winning Bidder: Important – If you are the winning bidder at the end of the auction and back out without submitting a contract, you will have been considered breaching our terms of use of our bidding submission system and you may be liable for a $500 withdrawal penalty fee. We will invoice you for that amount.