Auctions open every Tuesday at 9:00 AM CT and close Sunday at 3:00 PM CT. You can place bids anytime during this window.

Each property has a reserve price (minimum acceptable bid). If the highest bid meets or exceeds the reserve by the auction’s close, the property is sold. Otherwise, it moves to our Marketplace for post-auction offers.

If the reserve price isn’t met, the property will be listed in our Marketplace. Buyers can:

• Submit offers
• Use the Buy Now button if available

The Marketplace features unsold auction properties. Buyers can submit offers or purchase instantly using the Buy Now price, if enabled.

Some listings offer a Buy Now button. Click it to instantly secure the property at the set price—no bidding required. Once used, the auction or negotiation is closed.

Buyers pay a 3% Buyer Premium based on the final sales price. This is added on top of your winning bid or Buy Now price.

Seller fees apply only if the property is sold:

• $500 Administrative Fee per sold property
• 25% Overage Fee on any amount above the reserve price

Example: If a property sells for $120,000 and the reserve is $100,000, the seller pays 25% of $20,000 = $5,000.

No. Listing is free. You only pay if the property sells.

1. Create an account on DistressMarket.com
2. Verify your identity and contact info
3. Buyers can start bidding
4. Sellers can submit property details for review

You’ll receive a purchase agreement and instructions for the earnest money deposit. Closing is handled via a title company or attorney depending on the state.

• Distressed single-family homes
• REOs and bank-owned properties
• Rentals and fix-and-flip opportunities
• Occasionally commercial or multi-family

Most are located in Illinois, especially the Chicagoland area.

Email us at support@distressmarket.com or use the contact form at distressmarket.com/contact.