General Terms

One size does not fit all but this list should be helpful to most Buyers and Sellers.

Marketing Resources

Consider these tools to help you understand How to market your own property effectively.

Treat All Parties Ethically and Fairly

Ethics and Sell It Fast

Sellers have the right to determine how they will conduct the process of marketing and selling their home.

Minimum standards of conduct need to be considered as important. These include Federal and State Fair Housing practices among others.

This is not a MLS listing site, but the subject property may be also be listed in the MLS and/ or in sites like Zillow.

Agency

If Agents are representing a buyer or seller (including Transaction Broker) they need to be identified and disclosed with Initial Bid submission

It is assumed that Buyers and Sellers are Unrepresented unless otherwise disclosed.

Commissions

Any expense for Agency representation (including Transaction Broker) is the sole responsibility of the party being represented and the respective parties are responsible for their own contractual obligations they have created. This refers to Buyers, Sellers, and Brokers/Agents.

Commissions and Prices are negotiable and not fixed

Marketing and platform fees may be charged to Users but there are no commissions created by the use of this site other than as permissable by law between Agents and Brokers.

Platform Usage Fee

Commissions and Prices are negotiable and not fixed.

Marketing and platform fees may be charged to Users but there are no commissions created by the use of this site other than as permissable by law between Agents and Brokers.

Naples Southwest Florida Real Estate is a legal brokerage in Florida.

We charge one half of 1% as a successful marketing fee for any transfer of property that actually closes. This refers to sales, leases and options. This fee is the responsibility of the entity who has placed the advertisement.

Settlement Agents are expected to disburse these funds the day of the closing.

We follow the Realtor's Code of Ethics

Competitive Bid Coordinator

The Seller should have a coordinator who ensures the Bidding Process runs smoothly. They are there to answer questions, provide a level playing field to all, and need to be trustworthy, honest, and ethical in dealing with all parties. While their allegiance is to the Seller, it is in everyone’s best interest to conduct the Bidding as transparently and fairly as possible.

Competitive Bid Process

(Suggested only as a Guide. Modify the rules to suit your individual preference.)

Buyers may submit a minimum bid of $100 and up for their Initial Bid

If there is a clear winner acceptable to the Seller, bidding ends at completion of the Bidding.

Seller, at their sole discretion, detrermines if it is necessary to run a final “Best and Final Round.”

Only the highest three bidders will be able to compete in the Final Round. The lowest of the three bids goes first with each bidder able to submit one bid.

Bids are NON-Binding and subject to a written sales agreement being completed within 48 Hrs

Seller needs to disclose if there is a Reserve Price, and identify when it has been met

Seller will provide all disclosures as required by State and Federal Law

Sales are assumed to be As-Is unless otherwise agreed

Personal Property included in the sale will be identified

Seller reserves the right to reject any and all offers.

Escrow

Upon completion of the Final Round, the successful Buyer and Seller agree to exchange contact information for their closing agents.

The Buyer’s Agent/ Settlement Officer will create the purchase and sales agreement, accept deposit and put into escrow according to local custom, and agree on details

Closing Agents can be title companies or attorneys depending on local custom. Buyers and Sellers should use their own attorney, realtor, title company, or transactional broker to handle their paperwork.

Real Estate Agents and Brokers can prepare paperwork/hold escrow if they represent clients in the transaction.

Naples Southwest Florida Real Estate does NOT hold escrow deposits.

The Competitive Bid Process

The best way to learn about utilizing this effective strategy is to explore this site and get familiar with how easy it is to do. If you are a first time home buyer or seller you may want to spend time chatting with a few seasoned real estate profesionals or investors.