WELCOME TO HUBZU. Hubzu is changing the way real estate is bought and sold. Buyers, sellers and agents come to Hubzu.com to experience a streamlined approach to buying and selling properties. To date, Hubzu has facilitated the sale of more than 68,000 *CoreLogic, The MarketPulse report, January 2013 properties, accounting for nearly 4% of all REO sales in the U.S. in 2012.*
WHAT WE OFFER
Whether it’s an auction or a traditional sale, we want buying or selling a home on Hubzu to be an easy online experience.
. It’s free to register for a My Hubzu account . There’s no charge to list your home or view homes for sale . We make the entire process transparent by keeping you informed along the way . We’re here to guide you through each step
We also make Hubzu simple to navigate so you can focus on buying or selling your home. We’ve designed the site to give everyone the right tools to get up and running quickly.
SELLERS
Sellers list homes with Hubzu to sell fast, so we make sure it’s easy to use Hubzu’s My Seller Dashboard to:
. Create listings and upload photos . Add property details . Establish the reserve or listing price . Set timelines for auction length, preview period, and when the property goes live Once the listings are live, Sellers also use the My Seller Dashboard to:
. Track bids as auctions proceed . Review and approve winning bids . Receive and respond to offers . View reports on the progress of their property inventory BUYERS
Buyers come to Hubzu because they can buy their dream home directly online. We’ve made it easy to:
. Browse 1,000s of homes or quickly narrow a search . “Watch” individual properties for new activity . Research any property in detail . Place a bid or offer on a property . Use our “Own It Now” feature to instantly win an auction
During the entire search and purchase process, Buyers use their My Hubzu page to:
. View saved searches . See activity on watched properties . Read and respond to messages . Track bids and offers made
Hubzu.com
HOW IT WORKS AUCTIONS
TRADITIONAL SALES
A traditional sale involves the Seller considering WITHOUT SETTING A TIME LIMIT on the listing. A listing price is shown for the property, and Buyers MAKE OFFERS that are individually considered by the Seller. A Seller may COUNTER REJECT IT, or ACCEPT IT. ..................................................................
An auction is a sale for which the Sellers consider bids only for a CERTAIN LENGTH OF TIME. Buyers PLACE BIDS until the end of the bidding period. At the end of the auction, if the highest bid meets or exceeds the reserve price (lowest acceptable price) set by the Seller, it becomes the WINNING BID. ............... .. .................................................
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Seller approves winning bid
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If outbid, Buyer places new bid or If Buyer is the winning bidder, Seller reviews bid
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Bid placed by Buyer
Seller
Seller requests new terms or
ALL SALES
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Buyer sends Earnest Money Deposit to Closing Agent
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Both parties sign the Purchase & Sale Agreement
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The Hubzu Transaction Coordinator is introduced to both parties
The closing process begins!
WE’RE HERE TO HELP 1. We keep you updated via emails and 2. If you’re looking for more information, our online Help Center is available 24/7/365 and includes:
. Tutorials . Checklists . Mortgage calculator & daily rates . Glossary of terms . Frequently asked questions
3. If you’d like a personal touch, you can reach our Customer Care team via: Email: customercare@hubzu.com
Phone: (855) 882-1314
Live online chat
Hubzu.com Fair Housing and Equal Opportunity. © 2013 Altisource. All Rights Reserved.