Auction Terms

Last updated: July 1, 2026

Bidding

Each bid is a binding commitment to purchase the home at your bid amount if you are the winning bidder and any applicable reserve is met. You may not retract a bid except where required by law.

Reserve auctions

Sellers may set a hidden reserve price. If the high bid does not meet the reserve, the seller is not obligated to sell and no winner is declared.

Auction close

Auctions end at the displayed time. The highest eligible bid at close wins. MobileHomeBid may extend or pause auctions for operational or dispute reasons.

Payment & closing

During the pilot, buyers and sellers finalize payment, title, and logistics directly off-platform. MobileHomeBid does not collect sale proceeds or provide escrow.

Buyer due diligence

Buyers are responsible for inspecting homes, verifying title/HUD documentation, and confirming park approval and transport requirements before bidding.