Bid on properties in real time with Xome Auctions app.

Xome has one of the largest nationwide selections of REO, short sale, foreclosure, and luxury properties for auction. The Xome Auctions app puts the power in your hands to search, discover, bid, and win properties in our easy to navigate app so your next home, investment, or rental is just a bid away. Our business is built around making it as easy as possible to purchase real estate at auction. Whether you are a homeowner, flipper, landlord, or large-scale institutional buyer our app lets you conduct business wherever you have a signal.

Unlike some real estate apps, we don't hide any features or usability in our mobile and app experiences. Buyers enjoy our full suite of filters, search parameters, and property data​—including bed and bath count​,​ walk score, pricing history, and more.

Key Features:

* ​Whether it's event registration​, ​bidding​, or ​signing the contract, everything can be completed using the app

* Search assets by address, city, state or property ID

* Autosuggest search results​ to find similar properties​

* Save & revisit your favorite searches & properties

* Push notifications​ so you never miss the opportunity to outbid your competition​

* Bidding overview tab with a summary view of active assets and bids

* Pre-auction offer tab with the history of submitted offers and their status

* Contract e-signing through the app

What's New in the Latest Version 2.4.5(768)

Last updated on Jul 17, 2024

Bug fixes and enhancements to improve your experience.

Xome Auctions is an online real estate marketplace that facilitates the sale of distressed properties, including foreclosures, bank-owned properties (REOs), and short sales. The platform connects homebuyers, investors, and real estate professionals with a wide range of properties available for auction.

How Xome Auctions Works

1. Property Listing: Distressed properties are listed on the Xome Auctions website, along with detailed property information, photos, and legal disclosures.

2. Auction Process: Auctions are conducted online, typically over a period of several days. Interested parties can register to bid and submit their offers.

3. Bidding: Bidding is anonymous, and the highest bidder at the end of the auction period wins the property.

4. Closing: After the auction, the winning bidder enters into a purchase contract and completes the closing process, which involves paying the purchase price and any associated fees.

Benefits of Using Xome Auctions

* Wide Property Selection: Xome Auctions offers a vast inventory of distressed properties across the United States, providing buyers with a wide range of options to choose from.

* Competitive Pricing: Properties are typically offered at competitive prices, allowing buyers to acquire real estate below market value.

* Convenience: The online auction format offers flexibility and convenience, enabling buyers to participate from anywhere with an internet connection.

* Transparency: All property information is clearly disclosed on the website, ensuring transparency and reducing the risk of hidden issues.

Types of Properties Available

Xome Auctions features a variety of distressed properties, including:

* Foreclosures: Properties that have been repossessed by lenders due to defaulted mortgage payments.

* Bank-Owned Properties (REOs): Properties that have been acquired by banks after foreclosure and are now owned and managed by the bank.

* Short Sales: Properties where the seller owes more on the mortgage than the property is worth, and the lender has approved a sale for less than the balance owed.

Who Can Participate in Xome Auctions?

* Homebuyers: Individuals looking to purchase a home at a competitive price.

* Investors: Investors seeking opportunities to acquire real estate below market value for potential rental income or resale.

* Real Estate Professionals: Agents and brokers representing buyers or sellers in distressed property transactions.

Fees Associated with Xome Auctions

* Buyer's Premium: A percentage of the purchase price paid by the winning bidder as a fee to Xome Auctions.

* Closing Costs: Standard closing costs associated with any real estate transaction, such as title insurance, attorney fees, and recording fees.

* Additional Fees: Depending on the property and location, there may be additional fees such as property taxes, homeowner association dues, or repair costs.