*******IMPORTANT*******
In order to place an online bid on any property available by ShaddockOnlineOffers.com, you must REGISTER and create an account. If you are working with an Agent, you will need to provide us with their contact information.
CLICK HERE to register for access to the online bid platform.
By creating your account, you agree to accept AND you understand the Terms and Conditions of the online bid process and the ShaddockOnlineOffers.com bid platform.
In addition, you must either provide Proof of Funds if paying in cash OR a FULL Underwritten Loan Approval Letter From A Mortgage Lender prior to getting access to the bid area. Registration and documents must be received NO LATER than 12:00 pm PST the last day of the bid process .
If you are not registered and/or you have not provided suitable documentation by NOON on the last day of the bid process, you will NOT be allowed to submit an online bid on a property!
We also STRONGLY encourage you or your agent to login to your account prior to the end of the online bid time on the property you wish to make an bid. It is IMPORTANT to understand the steps and functionality needed to place your online bid. Technical or agent support will not be available after 12:00 pm on the final day of the online bid process.
You can get the loan approval started by clicking here
CLICK HERE to register for access to the online bid platform.
Upon acceptance to our online bid platform, you will receive access to online bids on properties that meet your criteria.
Working with a licensed Real Estate Agent is required. Upon winning the day, a signed TREC contract prepared by a Texas licensed Agent must be submitted within 24 hours after the winning online bid along with the earnest money deposited with an escrow agent.
A licensed Real Estate Agent must prepare those documents and initiate the process.
If you have an Agent, the registration page will provide you with the option of entering your agent’s contact information. Our agents will contact them and review the online bid procedures. Or, you will have the option to have one of our Agent’s contact you.
Our agents are experts in this process and can guide you through the entire online bid process from beginning to end and answer all of your questions. They can also explain the financial benefits of working with us.
What is the “Agent’s Compensation” – Using our online bid option, real estate commission can be paid by the seller, the buyer or both. The buyer’s side of the commission is called “Agent’s Compensation”. (Highest bid + Agent’s Compensation = Sales Price)
This is the MOST transparent way for a seller to bid the lowest price on their home and still compensates the real estate agents who conduct and close the transaction.
Each property listed on our web site will bid different terms, conditions and Agent’s Compensation, so be sure to research the property and all of the details on the property bid page.
Property will be available for viewing only on the day(s) of the open house (unless agreed otherwise)
Buyers must be approved for online bids manually by the seller or seller’s agent.
Sellers reserve the right to accept, negotiate or reject the highest online bid.
An online bid is a binding agreement and a seller can legally pursue a non-performing offerer.
Be sure to contact us if you have question on the online bid process.
Terms You Should Know:
Online Bid Auto Extend – Our system Prevents Last Second bids by Automatically Extending the offering Time.
If an online offerer places an bid within 5 minutes of the end of the offering time, the system will automatically extend the bid time by 5 minutes in order to allow other offerers the opportunity to respond.
Attention Winning Online Offerers
If have the winning online bid: Please have your agent submit a signed purchase agreement to the seller within the time specified in “sale terms and conditions” (please see the posting details). If you do not have an agent, please Contact Us.
