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Home FAQs
How does the 5 Day Sale work?

In essence, this is a highly modified auction under the 5 Day Sale approach (How to Sell Your Home in 5 Days, Third Edition, Bill Effros, Workman Publishing, New York) wherein property owners auction off their properties themselves.

See: http://www.howtosellyourhomein5days.com/

 
How does my "best-bidder" discount coupon work?

Pending your online registration, you may be offered certain periodic promotions by the property sellers to encourage potential buyer/bidder participation and feedback.

Here is what is currently being offered by the sellers for this particular auction:

Register today for the upcoming 5 Day Sale Auction
of this Steamboat Springs Home home and receive a
“Two Annual Ski Passes for the 2012 Season”!

In such cases, an acknowledgement email response will be sent directly from the seller to those responding to the promotion and they will be “registered" to receive the given reward from the seller when – and if – you as the identified registrant is awarded the sale after the “Round Robin” bidding session, the property is put under contract, and you close on the property sale.

 
What if the property doesn't appraise?

Once the 5 Day Sale Auction is concluded and a “Best Bidder” is awarded the sale, the real estate transaction is put under contract in accordance with all applicable Colorado state real estate laws.

At that point, the transaction is handled as is any normal Colorado real estate sale subject to financing (if applicable), property inspection(s), appraisal, and any other negotiated contingencies.

 
Do I get to have the property inspected if I'm the best bidder?

Yes, once the “Best Bid” is accepted and a sales contract is executed, the transaction process is no different from that of a traditional Colorado real estate sales transaction.

 


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