General

What types of properties are included in the QuickSale℠ program?

QuickSale℠ properties are typically those that we can deliver with a clear title! Prior to being placed online these properties must meet certain criteria that will allow them to sell and close in record time.

Who owns the properties that are being offered at the QuickSale℠?

QuickSale℠ properties are often bank- or lender-owned homes. We also work directly with highly motivated homeowners.

How were the values determined? How current are they?

We have an experienced and talented team of experts who work direct with lenders and other portfolio owners nationwide to negotiate the very lowest home prices, reducing their growing inventories and ultimately the cost you pay at the closing table. Put simply, we strike the very best deals on your behalf.

Properties owned by individual homeowners are valued based upon a Broker's Price Opinion conducted by either the listing agent or one of our national property valuation partners.

QuickSale℠ properties are fresh. Very little time elapses from when we negotiate the sale prices to when we list them on our Web site. And properties are only available for about 5 days after that, meaning that the values are very current, and more than likely, much less than anything else you will find on the market.

Should I go inspect the property prior to bidding at the QuickSale℠?

Yes! We encourage you to visit QuickSale℠ properties to be certain that you bid with total confidence.

Can I bring a contractor with me during inspection?

Of course! However, no work can commence and no improvements (if desired) can be made until the closing is complete. The good news is that QuickSale℠ property transactions can be wrapped up in as few as 30 days, which includes the 5-day feature on our Web site.

QuickSale℠ Process

What is a sealed bid?

A sealed bid is the best offer that you submit on a QuickSale℠ property through our automated system during the 5-day bidding process. This offer is not made available to the general public. In fact, the QuickSale℠ agent who submits the bid on your behalf is the only individual who is aware of the actual figure. Once the bidding process is over, however, all sealed bids are opened, reviewed and properties are awarded to the highest bidders.

How much experience is required to bid at a QuickSale℠?

None! That's because we have QuickSale℠ agents who take you by the hand and help you navigate the entire process, from answering all your questions to submitting your sealed bid, to watching you sign the papers at the closing table. Our professionals are there to help every step of the way.

Do I need to register to bid on a QuickSale℠ property?

Yes, registration is required prior to submitting bids on QuickSale℠ properties. However, only licensed and registered agents can bid on your behalf.

Is it okay if I already have a real estate agent or broker?

Yes, our QuickSale℠ agents are prepared to work alongside your real estate agent or broker to ensure that you are comfortable with the purchase process. Your agent will need to register in order to place a bid on your behalf.

Can I purchase more than one QuickSale℠ property?

Absolutely! There are so many amazing real estate deals in the QuickSale℠ funnel that sometimes it is difficult to choose just one.

What is an earnest money deposit?

This is a small initial deposit that QuickSale℠ property homebuyers make to demonstrate that they are serious about buying the house.

Can I assign my contract to someone else if I am the winning bidder?

No, the QuickSale℠ agreements are not assignable. The person who registers for the QuickSale℠ and submits the bid is responsible for purchasing the property, which includes executing all the necessary documents, if he or she is deemed the winner.

If I am the winning bidder can I cancel the transaction if I change my mind?

We do not recommend it, but the short answer is yes. However, when you submit the earnest money deposit, it is your promise to us and the other bidders that you are serious about purchasing the QuickSale℠ property. Therefore, the earnest money deposit is non-refundable, meaning that if you back out of the deal after being declared the winner, then you will forfeit your earnest money deposit.

Title

Are there any liens on QuickSale℠ properties or do they all come with clean titles?

The best part about QuickSale℠ properties is that we are able to deliver them ALL with clean titles. We handle all of the difficult behind-the-scenes work with the lenders and possible lien holders, ensuring that when a QuickSale℠ is available to bid on it is totally free of any and all encumbrances. Bid with confidence.

Do I have to worry about a former owner getting the property back in redemption?

No, the properties are free and clear of any encumbrances or liens. Rest assured that when you submit a sealed bid on a QuickSale℠ that we are prepared to close as soon as a winner is determined. This is only possible if we are able to deliver headache-free homes.

How soon can I expect to receive title to a QuickSale℠ property?

The QuickSale℠ process is designed to be ... quick. Our team works with local title companies to ensure the fastest closings possible. At closing, and upon payment of the purchase price and closing costs, you will receive insurable title vested as you designated to the closing agent. Please review the purchase agreement for additional information.

Finance

Is financing available if I'm the winning bidder?

QuickSale℠ is not a mortgage lender and as such does not provide financing. The good news is that our team is comprised of seasoned real estate and mortgage industry "veterans" and we are more than happy to assist you with any questions about the latest financing trends.

Can I use my own lender if I'm the winning bidder?

Yes! We encourage you to find and use your own lender to underwrite the loan — you are not locked in to using any one service provider. We simply provide you with the best options available to make the QuickSale℠ process that much more convenient and cost effective.

Can I provide my own financing as the winning bidder?

There's no need to pay 100 percent cash (even though QuickSale℠ homes can be purchased with cash) or huge upfront sums. However, if you have the financial means to do so we will gladly accept cash payment from a winning bidder.