Our Terms and Bidding Rules

This is meant to be a suggested guide for our preferences

Boilerplate Template

Seller may modify any section before publishing

All offers are non-binding until a purchase agreement is signed.  

No brokerage relationship exists.

Auction / Bidding Rules – Boilerplate Template
Last Updated: February 2026
These are suggested rules for the online competitive bidding process on this platform. Seller may modify any section as needed before publishing for their property. All bids are non-binding until a purchase agreement is signed and earnest money deposited with the title company. 

1. Bidder Eligibility & Registration  

  • All bidders must register on the site and be approved (status: Approved).
  • Provide accurate information; false details may result in denial or removal.
  • Use a unique Bidder Nickname for privacy during bidding (set via EZbid Form).
  • No multiple accounts; one bidder per household/entity.

2. Bidding Process

  • Minimum initial bid: $1,000 (or as set by seller).
  • Bid increments: $500 minimum (or as specified).
  • Bids visible to all with nicknames only (transparent).
  • Timed extensions: If bid placed in last [X] minutes, clock extends [X] minutes.
  • No autobid or sealed bids unless seller adds.

3. Non-Binding Offers

  • Highest bid does not create a contract.
  • High bidder notified via site/email; must submit written offer (standard FL contract form) within 24–48 hours.
  • Seller may accept, counter, or reject.
  • No obligation until agreement signed and earnest money deposited with title company.

4. Open House / Viewing

  • Scheduled only if sufficient qualified interest (typically 15–25 pre-registrants).
  • Virtual tour provided for distant or busy buyers.
  • Limited to 1–2 days for minimal disruption.

 

5. Deposit & Closing

  • No deposit required until written contract.
  • Earnest money to title company escrow (not broker).
  • Closing handled by title company or attorney (30–60 days typical, negotiable).
  • Buyer responsible for inspections, appraisal, financing.

6. Seller Rights & Disclaimers

  • Seller may cancel auction or withdraw property at any time.
  • Seller not liable for errors, omissions, or bidder actions.
  • Bidders must perform due diligence; seller provides disclosures to approved bidders only.
  • No buyer’s or seller’s premium.

7. No Brokerage Relationship
This platform is facilitated by licensed Florida real estate broker Dennis Parmelee (BK3474356).
No brokerage relationship exists with buyer or seller. All parties act independently.
Referrals to agents available upon request (additional fees apply).
Title company/attorney handles escrow and closing. No funds touch broker.

8. Governing Law
Florida law applies. Any disputes resolved in Collier County courts.

Seller reserves the right to accept, counter, or reject any or all offers at any time.

Customization Note for Sellers
You may edit these rules before launch (e.g., change increments, add reserve price, specify contingencies). Contact Dennis for help customizing.

Questions?
Call/Text: 203-215-7756
Email: dennis@naplesswfl.com

By participating, you agree to these rules (as modified by seller).

The Competitive Bid Process

The best way to learn about utilizing this effective strategy is to explore this site and get familiar with how easy it is to do. If you are a first time home buyer or seller you may want to spend time chatting with a few seasoned real estate profesionals or investors.

Learn More