It depends on the auction.

The "Sales Price and Terms" section of listing will indicate if you are bidding on the down payment and assuming monthly payments, so be sure to read the terms carefully.

It will also be indicated in the "Payment and Recording" section of the auction towards the bottom.

Please check the Seller's terms for all fees being charged. Typically there are closing costs on top of the winning bid.

Example:
"For cash sales you owe your bid amount + 10% of your bid amount (buyers premium) + $150 (closing costs).
For financed sales your owe your bid amount + $150 (closing costs). There is no buyers premium for financed sales."

Yes. If you are bidding on the property, we understand that you are purchasing it and have done your due diligence. We take bidders very seriously and report non-paying bidders. Reporting a non-paying bidder often banishes that bidder from the website.

Due diligence is the research you, as the buyer, complete prior to making a bid. This includes questions to the County, or to the Seller. We strongly encourage you to feel satisfied about your knowledge of the property PRIOR to bidding.

We offer financing on some of our properties and this is called Bid and Assume auctions. With this type of auction, the bidding is for the Down payment only and you are assuming the balance amount as stated on the auction page. The winning amount or down payment does not get subtracted from the balance loan amount.

All Properties are owned by the Seller unless otherwise noted.

After the auction has closed, you will receive an email detailing payment options and total due. It is your responsibility as a buyer to submit payment and provide personal information to the Seller in a timely manner. As soon as the Seller receives your payment and ownership transfer information, they will begin processing your paperwork.

Please contact the Seller for payment information. No payments are processed through LandBid.com.