You need an account to offer on properties. Even if you didn’t need an account to offer, it’s most beneficial to have one because it gives you access to a dashboard that includes full property information, you can save properties and also receive messages. It also gives you access to important due diligence documents and allows you to receive notifications on the property status.
Yes. Email Customer Service at Admin@EpitomeRESolutions.com and request to deactivate your account. You can always create a new account later.
No, we will not. We will never use your number for spam and we will only call if we need to contact you regarding a property
The VIP program offers exclusive benefits to investors who buy many properties per year from us. VIPs receive “first dibs” on properties that match their criteria. This program is invite only.
The Reserve Price is the minimum amount accepted by a seller or wholesaler. Most properties have an established Reserve Price, although there are occasions when a winning bidder can be declared even if the Reserve Price isn’t met. This occurs when a property is sold “subject to” the seller’s approval. Sometimes, sellers sell a property for less than the Reserve Price.
If the Reserve is not met, the Seller has several options, including:
Declining all offers and re-posting the property
Selling the property to the highest bidder. These offers are considered “Subject to Seller Approval.”
On the EpitomePropertyDeals.com website, you can browse properties by clicking on the “Buy” tab from the navigation bar on the top of the page. Then, select “New Deals“ in the dropdown. When you find a property that you like, save it to your dashboard and follow these steps:
From the mobile app, you may be able to electronically offer on select properties before the Live Date (If VIP Buyer) or participate in real-time Offering. All remote Buyer must prequalify in advance before placing a bid. To do so, open the EpitomePropertyDeal.com app and follow these steps:
Note: As stated above, The seller / Wholesaler must approve your offer before the sale can be finalized. During this time, your offer will be reviewed. You will receive an email notification once determined if your offer will be Accepted or Rejected.
Counter Offering is a common practice in Real Estate. EpitomePropertyDeals.com will counter offer on behalf of the seller in order to move the price closer to the Reserve Price, or minimum price that a seller will accept.
Yes, the Seller may accept a bid below the Reserve. For this reason, we suggest you place your highest and best bid at every auction.
The Opening Bid is the amount the bidding will start; it is not the Reserve and may not be what a Seller will accept as an offer.
Yes, you can. You can enter up to three entities into your contract and if you would like to be efficient, you can input your entities in advance in the note section so that they’ll be pre-populated into your contract the next time you win an auction.
Most properties on EpitomePropertyDeals.com are “Cash or Hard Money only” but properties that may be able to be purchased with a bank loan will be labeled.
No, most sales must be paid in full with cash or a cashier’s check on the day of the closing. EMDs (Earnest Money Deposits) are due within 24 Hours of contract Ratification unless otherwise agreed. Each Required Earnest Money Deposit amount may be different so please check the descriptions but generally 5% of the total purchase price ($2500 minimum) Payment in full is required within 24 Hours of Ratification.
It depends. Some properties may currently have liens but we transfer Properties Clear of all Title or Lien Issues or your money back. As part of the Pre-Closing, a Title Report is pulled on the property to Transfer with Clear Title.
Bids placed within the final 2 minutes will extend the auction. This keeps the auction fair by allowing all bidders to place their own last minute bids.
There are many reasons why a sale may be postponed or canceled. When you save a property to your dashboard, you’ll typically receive an email alert if the sale is postponed or canceled. You can also check the website dashboard. Sales may be postponed or canceled for some of the following reasons:
If you are the highest and best offer AND the Seller Accepts your terms, you will receive an email that confirms you have the highest bid. Then you must complete some important steps to complete your purchase of the property. Here are your post-offer obligations:
Note: Specific requirements may vary on a per-deal basis. Please carefully review all communication from our team to ensure everything is submitted correctly and in a timely manner.
Typically, this is what happens after you close:
Yes, you can purchase the property as a separate entity, such as a Limited Liability Company or a Trust, but you’ll have to provide specific documentation and notify the closing Title Company / Attorney.
Yes. We welcome agent/broker participation with our properties. Just follow these steps:
Commissions vary from property to property on properties. Check the property details page for details.
Most properties can offer commissions. In addition, many of our properties are exclusive to our platform so when inventories are low, this provides a significant advantage to the agent. EpitomePropertyDeals.com also facilitates the closing process and our transparent platform allows buyers to compete on a level playing field.
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