As with any real estate transaction, time is of the essence and Auction.com sets specific milestones to ensure properties that sell in auction move into the closing process as quickly as possible. The completion of the contract information form is the first step in the contracting process, required to generate the purchase and sale agreement.

While completion of the contract information form should take less than 15 minutes, you can also get a jump on the process by completing your purchase profile ahead of the auction! If your purchase profile is complete prior to winning the bid, it is as simple as selecting the relevant profile and clicking through to submit those answers to complete your contract information form. If your purchase profile is already created, completing the contract information form should take 5 minutes or less.

With Match the Bid properties, you still have a chance to potentially win the property! To get in line as a back-up bidder after the auction closes, you must certify that you will match the winning bid amount and upload the relevant purchase profile you would like to use for this purchase, if you become the winner. If you haven’t yet created a purchase profile at the time of matching a bid, you will be given an opportunity to complete one before you are able to successfully submit your Match the Bid request. The first person to complete both steps—agreeing to match the winning bid and selecting the relevant purchase profile to use—will be first in line to win the property, should the original winner not complete their obligations in the required timeframe.

At this time, no, you will not be included in the Match the Bid period. Only those people who registered and bid on the property during the current auction will be invited to participate in the Match the Bid period. We encourage you to always register and bid on any properties you’re interested in, so you don’t lose your chance to purchase!