The buyer’s fee is 1% of the winning bid and is charged to the credit card we have on file.
The buyer’s fee is charged after your offer is accepted: when the seller signs the Purchase and Sale Agreement (PSA). If the seller does not sign the PSA, then you will not be charged the buyer’s fee.
In order to promote honest bidding, if you are the winning bidder and do not sign the PSA, you will still be charged the buyer’s fee. We strongly recommend only bidding on homes that you are willing to purchase.
