How to Buy A House with LASTBIDrealestate
Your Quick Reference Guide to Online Real Estate Auctions
Congratulations on deciding to buy a house! This is a big step in your life, regardless if it is your first home, your retirement dream home, or a house you’re planning on renovating to flip. Online real estate auctions are a great way to purchase property, as you are able to avoid the long, drawn-out buying process in a traditional sale. You don’t have to deal with any negotiations, or even the buyer at all! We do all that we can to make the process as easy as possible for you – allowing you to buy a home right from your couch. We wanted to help make the home buying process with us a little easier to understand, so we’ve created this infographic to help you get started!
First things first, you have to make sure that you can participate in our auctions! Register here to be able to bid on any of our upcoming auctions. You will fill out your information and enter your credit card information to verify your identity (LASTBIDrealestate.com purchases will not be charged to your credit card).
2. Determine House Type and Location
Sit down and decide where you want to live and what type of home you want to live in! This will help you narrow down your options and allow you to think about what is realistic with your budget. That way, when the perfect home pops up on our site you will be ready to jump on it!
3. Browse our upcoming auctions
Once you know what you are looking for, browse through all of the properties that we have listed. You will be able to use our filter feature to find exactly what you are looking for. If you haven’t found your dream property yet, sign up for real estate auction notices to be notified when new auctions are listed.
4. Place your bid
Once you’ve found your home, decide on your maximum bid and start bidding! You can either set your maximum and go about your day, or you can place bids yourself.
5. Win your home!
Congratulations you won the auction! Pop the champagne, call everyone you know, and start browsing through paint colors and online furniture stores!
6. Sign & Pay
After you’ve won, we will contact you about all of the paperwork. We will ask you what name you want on the deed, where you would like to sign the Buy/Sell Agreement, how you will be paying the Earnest Money Deposit, and if you are working with a mortgage company. You will be contacted to schedule the closing with the title company taking care of the property within 30 days of the auction.
7. Get the keys
Would you look at that? You’re a homeowner! Congratulations on your new home. We can’t wait to see the life that you build for yourself in it. You will get the keys to your property after all the paperwork has been settled and you the closing is complete. Now you can just sit back and enjoy your new home!
We hope that this has been a helpful reference guide for our auction process and that you have a better idea of how to buy a house with us. If you are looking for further information about how the auction works, you can read more here. Ready to start your home buying process? Click the button bellow to view our upcoming auctions. Happy Bidding!