“Winning” a bid simply means you have the highest bid on a property. As the highest bidder, your bid is sent to each seller for review. Winning a bid just secures your bid as “highest”. Highest bids do not constitute a sale.

YES. A 5 to 10% deposit is required upon winning a bid. The deposit is required within 48 hours of winning a bid. The deposits are only to be given through wire, check or cashier’s check to the Escrow company. Keller Williams Victor Valley, Realtors or affiliates are NOT responsible for deposits and will NOT hold funds.

The reserve price is the price set by the seller indicating the lowest price the seller might accept for a property. The seller is not obligated to accept bids that meet the reserve price. Ultimately, the seller reserves the right to accept or reject a bid that meets the reserve price, negotiate with any bidder regarding the terms of the sale or relist the property. Although sellers have complete discretion regarding bids, bidders will have the best chance of becoming the selected bidder if the bid meets the reserve price. We at Keller Williams Victor Valley have an agreement with every seller which states that every winning bid must be approved in order to move to the next stage. Upon winning a bid, if the seller so chooses, will review all terms and contracts. If a seller agrees, then the buyer will move to the purchase stage. ALL SALES ARE SUBJECT TO SELLER APPROVAL.

Yes. At the end of each auction, the seller has the right to review, accept, reject, or negotiate all terms and components of each ending auction. All terms including, but not limited to, Seller Carry Financing, Loan Approvals and any term MUST be approved. ALL SALES ARE SUBJECT TO SELLER APPROVAL.

NO. We at Keller Williams Victor Valley are keeping a close eye on the CDC and the State’s mandates. As things change, we may change the process of the on site auction. All of our auctions are safe and physically distanced. We want all of our clients to feel safe when experiencing the auctions. You can also visit our Covid-19 page for more details.

Yes. Your commission is established and agreed upon between the seller and Keller Williams Victor Valley. The commission percentage will be displayed in the MLS (Multiple Listing Service). You will get paid upon close of Escrow.

No. We at Keller Williams Victor Valley believe in fair bidding. Shill bidding is when a seller uses a separate account, be it one of their own, a friend or a family members or they ask someone to bid on their auction to artificially raise the price of the auction. We DO NOT allow shill bidding.

Seller Carry Finance, opens up a whole new option to Real Estate purchases. This allows you to purchase a property, with a minimal down payment, a competitive APR and a specific term. Example: 5% down of said purchase price. 10 year term at 5% APR. Each term may vary based on the property. See our properties page for specific property details.

In order to qualify for 0% down and seller carry financing buyer must provide

• 3-years tax returns
• 2-years bank statements
• Credit report from a recognized organization

Yes. However, some properties are being sold in “As-IS” condition. Meaning, there are no contingencies on the properties. You should be pre-qualified by a lender as to the amount you can afford to spend for a property being sold for “Cash, “As-Is.” Additionally, the financial institution must be able to close within 30 days of the acceptance of the offer. For more information please call us at 844.9.BUYING

YES. While Auctions provide the opportunity to minimize the number of persons in real estate transactions. You are welcome to have representation at the auction but it is not necessary.

An auction allows for the buyer to communicate directly with the Auction site. Even though Keller Williams Victor Valley represents the seller, we have the responsibility to treat all parties fairly and in accordance with real estate law. If the buyer feels comfortable having agent representation, he or she may bring their agent to an auction or specify having agent representation upon winning an online auction. Buyer premiums and fees may change based on the agreements between Keller Williams Victor Valley and the sellers.