Hubzu

What is the buyer's premium?

The buyer's premium is a fee charged to the winning bidder in addition to the final bid price. It typically covers the costs associated with conducting the auction and processing the transaction. The exact amount varies by property and is disclosed in the auction details.

How do I register to bid on a property?

To register to bid, you need to create an account on Hubzu, verify your email address, and complete your profile information. You may also need to provide financial documentation or pre-qualification information depending on the property and auction type.

What happens if I win the auction?

If you win the auction, you will be notified and provided with instructions on how to complete the purchase. This typically involves signing a purchase agreement, making a deposit, and coordinating with the seller or their representative to finalize the closing process.

Are properties sold 'as-is'?

Yes, most properties sold on Hubzu are sold 'as-is,' meaning the buyer is responsible for any repairs or renovations needed. It is important to carefully review the property disclosures and conduct your own inspections before bidding.