How to Bid

1. Register for a Full Account: In order to gain full access to property-specific down-loadable information, disclosures and documents and place a bid, you must register for a Full Account, which is a free and simple process. It takes just a couple minutes. Click here to get started.

2. Property Investigation: The 30 to 45 days leading up to the Auction End Date is the time for you to inspect the property and download and review all available property information, disclosures and documents, including the Auction Bid Form/Auction Terms and Conditions of Sale and the Purchase and Sale Agreement (collectively, the "Property Documents"), from the Documents section on the Property Profile page. The Property Profile page also lists times when you can visit the property. As you conduct your due diligence, we invite you to contact the "Property Contact" or "Representative" (whose contact information is posted on the Property Profile page) if you have any questions related to the Property Documents or, prior to the Auction End Date, need to arrange for additional tours/inspections of the Property. You will be required to execute an Access Agreement before conducting any on-site physical inspections. No access to the Property will be granted after the Auction End Date.

3.Placing a Bid on the Property: In order to place a bid on the Property, you must complete, sign and submit the following (the "Bid Materials") at least two (2) business days prior to the Auction End Date:

  (a) Bid Form. A written bid on the Auction Bid Form/Auction Terms and Conditions of Sale. Your submission of the Bid Form constitutes your irrevocable offer to purchase the Property pursuant to your Bid Form/Terms and Conditions of Sale and the Purchase and Sale Agreement. Remember, your bid amount listed on the Bid Form must meet or exceed the Opening Bid amount published on the Property Profile page. For the initial round of bidding, the completed Bid Form may be hand delivered to the Property Representative or delivered by mail or other courier service to: SageListings, 4606 150th PL SE, Everett, WA 98208. You may also fax it to (425) 984-7838. Please reference the Auction Number listed on the Property Profile page.

  (b) Bidder's Statement.

  (c) Purchase & Sale Agreement.

  (b) Bid Deposit.The Bid Deposit, in the amount specified in the Auction Terms and Conditions of Sale, should be sent by wire transfer or overnight, to Stewart Title Guaranty Company (the "Escrow Agent") referencing the Auction ID Number listed on the Property Profile page. Personal, cashier's or corporate checks or cash will not be accepted. If your bid is not accepted, your deposit will be endorsed back to you and returned to you promptly. Please make sure to include a return address. No check will be deposited until such time as a bid is accepted.

Your Bid Materials must be received at least two (2) business days prior to the Auction End Date. If you submit your Bid Materials on a weekend, your submission date shall be deemed to be the second business day thereafter. If you submit your Bid Materials at the end of a business day, your bid may not be processed until the next business day. SageListings is not responsible for bids that do not arrive prior to bid closing. If you are using an overnight service to deliver your bid, we recommend that you specify morning delivery to avoid possible delays by the delivery service.

4. Submission of Bid Materials: Place the completed "Bid Form", "Purchase & Sale Agreement", "Bidder's Statement", and Financial Documents showing your ability to consummate the transaction in a sealed envelope with the outside clearly marked "Sealed Bid." Send or hand deliver to: 4606 150th PL SE, Everett, WA 98208, for delivery on or before 5 pm PST, at least two days prior to the Auction End Date.

5. Bid Confirmation: You will receive an email confirmation from SageListings when your Bid Materials have been processed. Your bid for the Property is not deemed to have been made unless and until you receive email confirmation from SageListings that your Bid Materials have been processed and successfully submitted.

6. Additional Bidding Rounds: If there are at least one or more bids that are the same or within a percentage range of up to 2%-5% (such percentage depending on property size, demand and type) of the highest bid received in the first round of bidding, SageListings will initiate a new bidding round. At the end of each round, the highest bid will be published on the Website. Additional bidding rounds will continue to occur until no bids are received that are the same or within a percentage range of up to 2%-5% (such percentage depending on property size, demand and type) of the highest bid for the Property. If an additional bidding round opens, and you desire to continue to bid on the Property, you may submit your bid electronically through the Website or on another Bid Form/Term and Conditions of Sale. Electronic bids may be tendered by pressing the "Bid Now" button on the Property Profile Page. Please see the Property Profile page and the Auction Terms and Conditions of Sale available from the Documents section on that page for further details.

7. Winning Bidder: The winning bidder at the Auction (the "Winning Bidder") shall be determined by Seller and SageListings, in their sole and absolute discretion, taking into account the highest bid and considering all contingencies. Notice will be given by SageListings to the Winning Bidder by email, mail, fax or telephone within twenty-four (24) hours of the conclusion of the Auction confirming that the Winning Bidder's bid has been accepted by Seller for the sale of the Property. Closing must occur within 30 days from the date you are notified your bid is accepted, unless other arrangements with SageListings or the Seller are made. TIME IS OF THE ESSENCE.

Please Contact Us if you have any questions regarding the bidding process or to Register to activate your SageListings.com account today.