How to Make a Pre-Auction Offer

Did you know that some properties allow you to make a pre-auction offer before the auction has even begun? Many sellers allow this prior to an auction beginning, so look at the property page to see if it’s an option.

Pre-auction offers can be a great way to reduce the competition on a property you’re interested in purchasing. Here’s how they work:

1. In order to place a pre-auction offer on an auction property, first you need a Xome.com account. It’s quick and easy to create one—learn more here.

2. Go to the Property Details Page of the auction property you are interested in. Under the Starting Bid, you will see a field labeled Pre-Auction Offer.

3. Enter your pre-auction offer amount in the field.

4. You will receive an email confirming your pre-auction offer.

5. Once the seller and/or the listing agent has reviewed your pre-auction offer, you will receive another email stating whether your pre-auction offer is accepted or rejected. The seller has up to 15 days to make a decision, but usually only takes 3–5 days to respond.