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.
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 an offer on behalf of their client, subject to contract.
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:
Enter the property’s details
Upload photos of the property
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.
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Extension Period Explained
If a bid is placed within the final 3 minutes of the scheduled closing time, the timer will reset to countdown from a full 3 minutes. This is known as the ‘Extension period’.
This will continue to happen until a full final 3 minutes passes with no bids being placed.
This ensures every bidder has a fair and equal opportunity to place another bid.
Do not delay your bid until the final few seconds. Using this strategy provides you no benefit. Due to variations in browser and connection speeds, bidders are advised to make a bid with at least 10 seconds remaining on the clock.