Yes, you can browse properties without registering but you will need to register in order to bid. To do so, click ‘Register’ in the upper right-hand corner of the page.
TREN will arrange an open house visit and inform the bidder of the date, time and property location.
If you’re financing your purchase, we recommend that your are pre-approved for a loan. Pre-approval will help you know how much you can afford and possibly expedite the offer acceptance.
The reserve price is the minimum price the seller is willing to accept for the property on auction. The reserve price is set by the seller and not revealed to buyers however, the property details page will confirm if the reserve price is met.
Bidders interested in a specific property can use AutoBid to remain competitive without having to constantly monitor the auction. Bidders stipulate a monetary amount to increase their bid whenever a new, higher bid is posted by another bidder. The bidder also stipulates a ceiling amount they don’t want to bid above during the auction.
We will email you a copy of the sale and purchase agreement. You will be expected to sign the completed agreement, with our assistance, and pay a deposit within 48 hours.
No, however the winning bidder is expected to move forward with a purchase and sale agreement as well as the deposit. If this is not received by the vendor, the opportunity to purchase will be given to the next highest bidder that has met the reserve.
We recommend that you obtain pre-approval for your maximum bid amount plus any additional fees (stamp duty, etc.); however, the purchase agreement will list pre-conditions to closing, including eligibility for financing.
This is buyer is responsible for a transaction fee of $500 at the time of closing which covers the cost of auction bidding on PropertyBid.