Buyers

Welcome bidders to the new way to buy a home.  From the convenience of your own home, office, or smart phone, you can browse and bid on Cheetah properties. Browse through photos, videos and seller provided documents.  Be sure to check out the open house times if available and get acquainted with your desired property.  All bidding is done online.  Once bidding is open, place your bids and have fun bidding until it’s going once…going twice…SOLD!

How does it work?

Buyers need to register with Cheetah to bid on a property.  For your convenience, download our app to keep up with your auction and receive real time updates on the activity for your property.  All buyers need to be prepared to show proof of funds at the time of registration.  If you need a lender, we are happy to connect you with some companies that can assist you.

If you do not have a realtor, we can make recommendations for a licensed realtor to represent you.  While this process is very straightforward and easy, we highly recommend that you have professional and experienced representation for this transaction.

Cheetah auctions are open to the general public for bidding.

Auction Closing Day

Closing day in the auction process is different from closing in the real estate transaction.  When the auction closes, the highest bidder will be determined, and the listing and selling real estate agents will then proceed into a traditional TREC promulgated sales contract agreement between the buyer and the seller.

How do the finances work?

The seller will receive the hammer price minus expenses, such as pre-home inspection.

The buyer will pay the hammer price, plus a 10% buyers premium. 

The commissions for the real estate brokers and the auction house fee will come out of the buyers premium.  Commissions and auction fee will be paid out by the title company at closing.