One of the biggest fears I hear from new investors is this: “Okay… but what happens if I actually win?” So let’s break it down step-by-step so you know exactly what to expect from 3rd party auctioneers. Step 1: You Win the Bid 🎉 Once the auction ends and you’re the highest bidder, you’ll receive a confirmation from the platform. At this point: - You'll get an email from everything they need from you (IE: purchase contract, Escrow deposit, LLC documentation) - You want to start sending details to your lender - The clock starts ticking. This is why preparation matters before you bid. Step 2: Deposit Is Due (Usually Within 24-48 Hours) You'll have to go to your bank to wire this to ensure it's being sent to the correct place. Example: If you win at $100,000 and the deposit is 10%, you’ll need to wire $10,000 quickly. This is not the full purchase amount — just your earnest money to secure the deal. Which will later be discounted from the closing costs. If you fail to send it?You risk losing your bidding privileges. Step 3: Final Payment Timeline Typically, you’ll have around 30-45 days (sometimes less) to close. During this time: - You finalize financing (hard money, private lender, or cash) - Title work is completed - Any outstanding issues are reviewed This is why I always tell students:👉 Have your lender lined up BEFORE you bid. If you wait until after you win, you’re already behind. Step 4: Closing Once funds are wired and documents are signed, the property officially transfers to you. Now you: - Receive ownership - Secure the property - Change utilities - Begin your renovation! Have some capital saved up and are ready to buy your 1st or 2nd investment property? - Schedule a call here for a quick strategy sesh with me & to see if maybe auction investing is a good fit for you!