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What is Home Bid?

Home Bid is a real-time bidding platform for buying and selling property online. Our technology is a cutting edge alternative to the traditional offer and negotiation model. We create a seamless experience, for all parties involved in a fast, efficient and transparent manner.

How It works

To place a bid, you must register your information with the selling agent of the property you are interested in. Once your details are confirmed, the agent can then approve you to bid on their listings.

Why sell on Home bid?

Home Bid is a new and transparent way to help agents drive demand and create competition for their listings.

  • Achieve a higher selling price

  • Generate more offers

  • Sell homes faster

  • Generate more leads

  • Instant offer Updates

  • Save Time

Frequently Asked Questions

Bidders

How do I make a bid?

To place a bid:
  • You must first register your information with the selling agent of the property you are interested in.
  • Once your details are confirmed, the agent can then approve you to bid on their listings.

How will I know if my offer is accepted?

  • When your offer has been accepted, subject to contract, you will receive an email notification.
  • The selling agent will then be in contact with you to complete the process.

Why Bid online?

  • Bidding online allows transparent collaboration and seamless communication between all parties involved.
  • You can make offers easily and track your purchase.
  • You can see real-time notifications when offers are made.

Sellers

What is the timeline of the bidding period?

  • The bidding period can be as long or as short as desired.
  • Bidding can also be suspended at any stage if the seller needs to do so.

When does the bidding end?

  • Bidding ends when the agent accepts the top offer on behalf of their client, subject to contract.

Broker/Agent

How do I list a property?

To list a property, navigate to ‘List of Properties’ section of your HomeBid account and follow these 3 simple steps:

  1. Enter the property’s details
  2. Upload photos of the property
  3. Review details

How do I approve bidders?

  • You approve bidders by using the buyer management section in your account.
  • When a new user registers to bid on your property, you will receive an email notification.
  • Once you review their documents, you click: ‘ Enable to bid ’

How do I accept an offer?

  • In the property management section of an agent's account, you have a button to accept the highest offer on a property.
  • Once the highest offer is accepted, all active bidders on that property receive an email notifying them that bidding has now closed.