How to Bid
More About Our Bidding ProcessLearn how to register, about the process time, how to start a bid, what determines a successful bidder and more about what closes an auction.
Registering to bid is a simple process, general information is required and will be secure. We require an unconditional letter of credit from your financial institution to be verified. You will then be able to log onto your private account and once verified be able to bid. Please register a minimum of 5 business days prior to auction.
Process Start Time
Online bidding is a user friendly, and convenient way to acquire Real Estate. Auctions will run for a specified amount of time. Any bids too close to the end time will extend the dead line by a few minutes. Online bids are private and your name will not be disclosed.
Starting bids are set at the discretion of the seller. This process is used to speed up the bidding and does not indicate the price the seller is willing to sell at.
Highest Bidder will be contacted by All Peace Realty Ltd. (the Brokerage) and a non-refundable deposit (each individual auction will have a specific deposit amount) will be held in trust by All Peace Realty Ltd. Offer to purchase contract will be signed by Seller and Purchaser. Once signed by both parties the Offer to Purchase contract will be forwarded to qualified lawyer appointed by the seller and purchaser. Note all highest bids are conditional to Seller’s approval.
Closing will take place within 30 days of the sale date unless otherwise specified. The balance of purchase price shall be paid before closing.