faq's
- Bigbrotherlands.com currently auctions land and homes everyday. We chose an auction because auctions are a zero barrier vehicle for investors across the world to be able to invest and build wealth.
- Auction properties are listed with an auction date and are available for bidding for an 24 hour window on the website. Auction properties are sold to the highest bidder.
- Auction properties have been cleared out and secured by the previous owner and are sold with clear title
- Buyers are expected to complete a thorough due diligence process for each property they own.
- Because there is a transfer of real property ownership, All Auction sales are final.
- Bigbrotherlands.com only sells property to buyers who satisfy the following eligibility requirements.
- We ask that you have intentions on developing the land or property that you buy for the benefit of the community that you are purchasing.
- Have no delinquent property taxes.
- Not lost property other than primary residence due to unpaid taxes in America in the past three months.
- Create an account on the website.
- Bidding will begin at 9am on the sale date. Bidding will close at 5pm, unless a bid is made after 4:55pm. In those cases, the bidding window will be extended for 5 minutes after each bid. For example, if someone bids at 4:59, bidding will be extended until 5:04.
- Place a bid on the property that you are interested in. Bidding usually begins at $1000 and must increase in increments of $100.
- When you bid on a property, we will place a $1000 hold on your credit card. This will be released if you do not win the auction. If you are the winner of the auction, the $1000 will be charged as a nonrefundable deposit.
Monitor bidding to make sure you have not been outbid. If you cannot actively bid, proxy bidding is available. The maximum bid you enter will be hidden from others and cannot be deleted or lowered.
After winning the bid on an auction, you can expect to receive a call from our closing coordinator within 24 hours. During this call, you’ll receive a congratulatory welcome letter confirming your purchase and undergoing an eligibility check. You’ll also receive an overview of our process and have the opportunity to ask any questions.
As part of the process, a $1000 nonrefundable deposit will be charged to your credit card upon winning the bid. The remaining balance must be settled within 24 hours of the auction’s conclusion, with payments accepted via wire or ACH transfer only.
Upon successful completion of the eligibility check, you can anticipate receiving your deed via certified mail within 3-4 weeks.
- After receiving the winning bid phone call, you will schedule a next steps date to coordinate next steps.
- All deeds will be given through the quit claim deed process after a purchase agreement has been signed and will be received free and clear of any encumbrances. Closing can be done in person at one of our title companies or remote. Closing fees are the responsibility of the buyer.
After winning the bid at an auction, our closing coordinator will reach out to you within 24 hours. During this call, you’ll receive a welcome letter confirming your purchase and undergo an eligibility check. You’ll also receive an overview of our process and have the opportunity to ask any questions you may have.
As part of the process, a $1000 nonrefundable deposit will be charged to your credit card upon winning the bid. The remaining balance must be settled within 24 hours of the auction’s conclusion, with payments accepted via wire or ACH transfer only.
Upon successfully passing the eligibility check, you can expect to receive your deed via certified mail within 3-4 weeks.