Ready to start bidding? It’s easy using Xome!
- In order to bid on a property, first you must register for the auction that it’s featured in. Need to know how to register? Learn more here.
Pro tip: Be sure to keep track of the properties you’re interested in by saving them to your favorites so you can receive notifications about them.
- Once the auction goes live, navigate to the Property Details Page for the property you’re interested in.
- When you’re ready to place your bid, enter an amount and click the Bid Now button. Your bid must be a number that is at least as much as the bid amount that appears onscreen.
- Bidding will increase in increments (usually a percentage of the seller’s reserve price) throughout the auction. If you get outbid, you may submit a higher bid as long as it is equal to or greater than the bid amount shown on the screen.
|Pro tip: If you don’t want to deal with the back and forth of bidding in increments, you can submit your best and final bid (aka the highest amount you are willing to bid) as long as it is higher than the current bid amount.|
Now comes the hard part—waiting to see if you are the high bidder! Stay engaged until the end of the auction and don’t forget to focus on your bidding strategy. Even if the property does not sell in the auction you’re bidding on, remember that a property can sometimes go through multiple auctions before being sold.
|Another pro tip: You can keep track of any properties you are bidding on using the side panel that is always available across Xome.com. Just click on the icon in the side panel to access reminders about properties, you’ve viewed or are bidding on.|