I still have more questions, who should I ask?
Please contact Robert Weichelt at (619) 890-4806 of eXp Realty. He is available to answer all of your questions and provide any guidance necessary.
How many pictures can a listing have?
We currently allow an unlimited number of pictures to be uploaded per online offers listing.
Will my property be placed on the MLS?
Yes, your home will be placed on the MLS and advertised on multiple online platforms with the appropriate terms and disclosures. Our agents will handle all of those details for you.
Do online offers really work?
Answer: Absolutely, but the key to success is good marketing. Our system is the tool to display your listing professionally and accept offers online. We incorporate your online offers listing as the focal point of all our offline and online marketing. We handle all of that for our Sellers.
Do I need to be a real estate agent to list a property on this site?
Yes! Only “online offers certified” agents from eXp Realty can place properties on this site. If you would like to sell your property, please contact eXp Realty Listing Agent; Robert Weichelt at (619) 890-4806
Can I do anything if the high online offer backs out?
Yes! You can report the high online offer to us if you are not working with one of our agents. If we determine the buyer is at fault, we will remove their privileges on our site. A Seller can also choose to pursue them for default.
Is the highest online offer guaranteed to buy my property?
No, but an online offer is a binding agreement, and how far a seller pursues a non-performing online offer is up to them.
However, the buyer is represented by a Realtor who must submit a California Residential Purchase contract and an earnest money check must be submitted to an Escrow Agent within 24 hours of winning the online offer. By doing this, it will help identify a non-performing online offer right away.
In addition, a buyer must provide a full loan approval letter from a Licensed Mortgage Lender prior to placing an online offer. If they are paying cash they must provide proof of funds to us before placing an online offer.
Does a Seller have to accept the highest online offer?
No. A seller can accept, counter or reject any online offer. You should discuss strategy with your California Homebuyer Online Offers agent.
Does the buyer pay any fees?
We DO NOT charge a fee to list a property on our website.
However, it is up to each individual seller whether or not they charge an Agent's Compensation. Make sure you understand all the terms and conditions of an online offer platform before you place an online offer on it.
What is the Agent's Compensation? Using our online offers 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 offer the lowest price on their home and still compensates the real estate agents who conduct and close the transaction.
Each property listed on our website will offer different terms, conditions, and Agent's Compensation, so be sure to research the property and all of the details on the property online offers page.
Can I view the home before placing an online offer?
On most online offers we will have an Open House the weekend prior to the end of the online offers due date . That will be the opportunity to view the home for all buyers.
Please contact the eXp Realty: Listing Agent; Robert Weichelt 619-890-4806 identified on the Online Offers Property page.
Can I get an inspection?
In most online offers once the sale is approved, the buyer will have an additional inspection period to complete any additional inspections. If there are inspections already done they will be available as a link from the online offers listing. In most online offers any and all inspection requests will be honored, just ask the agent to set up a time for your inspector. Please read the complete terms and conditions of an online offer before placing any online offers.
Is there a fee to register or place an offer?
No, there are no fees required to register or place an offer. However, some sellers may require that you verify your identity using a valid credit card before placing an offer. In that case, an authorization is done with your credit card but you are not charged.
Also, each property may require a specific deposit once you are declared the winning offer. Each property will list the required deposit amount in the terms
Where do properties on this site come from?
The properties on this site are offered for sale by local real estate agents on behalf of private homeowners, wholesale investors and some Banks or Lending institutions.
What are the online offers increments?
You can place an offer of $1,000 or as instructed at a time. You can set up an auto-bid in $1,000 or as instructed increments and set a price limit to insure you are the winning offer or you don’t exceed the price you are willing to pay.
Do I have to pay cash or can I get a mortgage?
Yes, you can use a mortgage. However, in order to submit an offer, you will need to provide us with a “pre-approval” from a licensed mortgage lender. A pre-approval is different than a pre-qualification. Once you register one of our agents will contact you and help with the process. There are cost and interest rate savings by working with our lender. If you have any questions on getting a home loan, contact us for more details.
Our Lender will provide the seller with a guarantee if your loan does not close on the scheduled day. CLICK HERE to apply for a mortgage.
If you are paying cash, you must provide a “proof of funds” document prior to being approved to place an online offer.
How do I place an offer?
You must be a registered member of our site. Registration is currently FREE. Working with a Realtor is required. Once the winning offer is achieved a Realtor MUST facilitate the entire process from placing an offer, contract submission, inspections to closing.
If you need an agent, we can provide one of our “online offers experts” who work with buyers. This is all they do and are experts at guiding you through the process. In addition, there may be cost savings available to you.
If you have an agent, simply provide their name and contact information when registering.
CLICK HERE to read the complete offers instructions.