Be an owner, agent and/or have legal right to sell the property

Be reasonable on market pricing and ready, willing and able to sell

​Understand that the Listing and information is controlled by the seller 100% 

Must provide truthful and accurate information to attract the most qualified buyer and sell for the highest price. 

​Understand Sellio™ is a platform and marketplace facilitating connections between buyers and sellers, does not represent any party to the listing or perform brokerage activities and does not guarantee any property will be sold. 

​Be moving out at closing OR the property is being sold subject to the property being occupied by owner or a tenant under lease terms that will be stated on the listing. 

Abiding by these requirements protects the integrity of the marketplace. If you are unwilling to sell, unrealistic in your pricing expectations or do not provide sufficient info for buyers your listing may not qualify to enter the marketplace.

After you set up your listing in your Seller Portal with the information, interested buyers will have a chance to view the information, do their Due Diligence and make offers LIVE on the listing. Buyers place an Offer Hold, a $1000-$3000 pre-authorization hold on their credit card,, and then choose their offer amount. 

The price will drop in increments based on the Listing Period you choose, and the buyer who places the highest offer first, will secure the rights to win the listing with a contract.  Sellers reserve the ultimate right to choose not to sell.

All buyers and offers are pre-qualified with ID and Proof of Funds prior to ensure legitimacy.

**Make sure all buyers are making offers on the Sellio™ Listing to level the playing field. If you take offers outside of your Listing it will compromise the integrity of your asking price and you will not get the full value of the Sellio™ process.

Sellio offers different levels of service and varies depending on the seller and when the listing is being created.  Generally Sellers are the home owners, the representing agent of the home owner or an investor with equitable interest in the property.

You will set your listing's highest (reasonable) Starting Price, Reserve Price (lowest acceptable price) and the Listing Period (the time frame when buyers can make offers). Your dynamic Asking Price is displayed LIVE on the listing and will drop incrementally until it reaches your Reserve Price. 

Buyers can secure the Listing at the current Asking Price, or set a lower offer during your Listing Period.  Buyers are required to place an Offer Hold (pre-authorization/hold of $1000-$3000) to make an offer. The buyer who places the highest offer first can be selected (at the sole discretion of the seller) as the winner so you can start closing. If your listing does not secure interested buyers during your Listing Period, your listing will disappear and you will have the option to relist and start the listing over.

The Listing Period is the time period you allow buyers to place an offer and purchase your client's property. Your Listing Period can be up to 90 days and based on you or your client's specific needs. You and your client will receive a unique Listing URL to send to buyers. The Listing Period cannot be changed after the Listing goes live, unless the seller cancels or the seller decides to re-list.

The Reserve Price is the the lowest acceptable amount your client will sell for. When the Listing reaches the Reserve Price, it the listing will disappear and end.

If the buyer doesn't perform after you select them as the winning buyer of the listing, the buyer's $1000-$3000 becomes a non-refundable charge to the buyer, so your buyer will have 'skin in the game.

Interested buyers will inquire directly on the listing with questions or to access the property. You will receive these questions and requests and handle according to your standard scheduling processes.

No. 90% of the properties on Sellio™ are sold as-is.

When you Create a Sellio™ Listing, you will receive a unique Listing URL to share with interested buyers. We encourage speaking with buyers, answer questions, etc... but do not negotiate price directly. Doing this will compromise the integrity of your listing and you will not get the full value of Sellio™! Just tell them "I'm taking all offers on Sellio™ to save time."  Then share your Unique Listing URL when they are ready.

Remind them to do their due diligence DURING the Listing Period.

You control the listing 100% and reserve the right to end or cancel the listing at any time, for any reason. You can also take any offer at any time and start closing. 

To protect the pricing consistency and integrity of our sellers' listings, and to level the playing field for buyers, it's important that you direct all buyer's offers to go through the Sellio™ Listing.  If this is not possible for any reason, please inform Sellio™ immediately and we'll ensure all offers are entered and considered.   

By entertaining offers outside of the system, you can compromise the integrity of your listing, the Sellio™ platform, and can cause complications to close the property. 

Once you select your winning buyer, we connect you with your buyer to start the closing process according to your standard business process. If necessary, Sellio™ can introduce you to qualified escrow officers, title, closing attorney's so you can have the resources you need.

You will be informed for the offers placed on your Listing and you Reserve the right to select a buyer at any time. Once you are ready to accept an offer, you will inform Sellio™ so you can start the closing process.

The offer that is placed first achieves first rights to become the winning buyer, so it is based on priority order. 

This is why it is important for interested buyers to inspect the property and confirm their offer price as quickly as possible within the Listing Period.  Please utliize your Listing Period to drive Urgency to get the best offers first.

Sellio™ does not guarantee nor legally enforce buyers to close, but we do require an Offer Hold to participate so they have 'skin in the game'. If buyers do not follow through to close, their Offer Hold becomes a non-refundable charge, incentivizing the buyer close. If a Buyer chooses to lose the Offer Hold and walk away, Sellio™ retains this deposit and splits it 50/50 with the seller. You may choose another buyer or re-list the property.

This is not recommended to protect the integrity of your sale and keep your buyer engaged in closing. All Due Diligence, inspections, etc should be completed during the Listing Period to minimize negotiating after the Listing Period ends. However, Seller has the option to negotiate with the buyer after the listing has ended, should something unexpected arise. Applicable Sellio™ service fees remain the same regardless of the change in sale price.  

Closing will be based on variables (buyers, sellers, agreement, closing attorney, financing, etc). therefore the timeframe to closing terms are on the property listing. Closings are generally set 2 weeks to 30 days from listing.  This can be modified based on you and your buyer's needs.  Sellio™ does not dictate closing timeframes or terms or offer legal advice.

Sellio does not inspect your property, however an interested buyer may be interested in seeing the home prior to the end of the Listing Period.  You will set your property access information and buyers can request a time to view the property.  This will vary based on the listing, seller, and buyer preference.

Yes!  We love working with agents. Inform your agent you'd like to sell on Sellio™, you can list your property, and your agent will still earn their commission based on your listing agreement.

Register Your Account, find the property you want to buy and place your Offer Hold (pre-authorization, generally $1000-$3000 Hold), and Confirm your offer price.  If you are the highest offer and the seller selects you as the buyer, you will start the process to close.  

​Any buyers or active investors who are willing and able to buy properties.

Please see the basic overview of terms, and what you should know on the Buyer Page'.  You can also view the terms of service page for more detailed information.

You must be a registered user of the Sellio.co website, place and offer and ultimately must be able to show proof of funds to secure the rights to win the property.

Buyer to Complete Due Diligence and Make Offer Prior to the end of the Listing Period on the Sellio™ Listing

​​Buyer Purchasing As-Is | Sellio™ Buyers agree to purchase the property in as-is condition and based on the terms on the listing unless otherwise stated on the Listing. Buyer assumes all liability and responsibility for purchasing on Sellio™

​Offer Hold when you are ready to secure a property, we will pre-authorize a Credit Card. This is released when the Listing Period is finished, whether or not a buyer is the selected winner.  If buyer is the selected winner and does not perform, the pre-authorization becomes a nonrefundable charge.  (unless seller cannot transfer clean title, which Offer Hold will be released immediately.

​Service Fee generally ranges around .05%- 25 (half of a percent) and covers the cost of providing the technology and marketplace platform to participants. This fee is paid by the buyer, only after a successful Sellio™ listing event and closing. The amount will be included added into the 'Total Amount' when you Confirm Price to buy the property.

​Win Deals Automatically As a buyer you can use the (-) minus sign to your desired buy price and win the rights to purchase the deal automatically, without taking any additional steps. Simply reduce the bid price using the (-) minus sign and once it hits, you win! (based on priority order)

ID & P​roof of Funds Required | Upload documentation in your account after registration and it will be verified by Sellio™. All registered bidders must have cash available and be able to close the property, in as-is condition, on the sellers time-frame and terms.

​​​​Buyer has 48 Business Hours to execute signed PSA and make the Earnest Money Deposit with selected Escrow or deal may be forfeited to the next buyer.

​​Title and Closing Attorney Connect with one of recommended Escrow, Title and Closing Attorneys, or bring your own.

Buyer should to perform Due Diligence during the Listing Period to determine the offer price.  It is each Participant’s responsibility to conduct its own due diligence before the Listing Period ends and investigate all matters relating to each Property that Participant is interested in purchasing, including, without limitation, legal matters, physical condition and attributes, environmental matters, economic matters, encumbrances, and all other aspects. All offers should be based solely on Participant’s independent due diligence and any information contained in the Purchase Documents.  Sellio™ does not guarantee any information on the platform.

An Offer Hold (generally in the amount of $1,000 - $3,000), is required to make an offer on a listing. This is not a charge, but a pre-authorization and hold on the Buyer’s credit card to ensure ability to pay and serve as collateral. After registering and making the Offer Deposit, the Buyer will be required to submit Proof of funds (letter of credit, bank letter, other proof of funds deemed acceptable in the sole discretion of Sellio™) and a government issued photo ID for proof of identity. 

​If applicable, the Service Fee is a nominal flat fee paid by the buyer, only after a successful closing. The amount will be included and displayed in the 'Total Amount' when you set your offer price.  The Service Fee covers the cost of providing the technology and marketplace platform to participants. This fee is paid by the buyer, only after a successful Sellio™ listing event and closing. 

This amount will be specified on the Sellio™ listing and PSA and held with the chosen escrow/title/attorney. The minimum required earnest money deposit is calculated by the seller and is outside the control or discretion of Sellio™.  The seller chooses the requested Earnest Money amount and Sellio™ does not handle earnest money.

Buyer must Deposit Earnest Money into escrow no later than 48 business hours after the seller approves the Selected Winner. If the Earnest Money Deposit is the wrong amount or not timely received, Buyer may forfeit the Offer Hold amount, the seller may select another buyer and buyer can potentially lose privileges of buying on Sellio™.   

There are 2 options

1)  If you want to make a lower offer than the Current Asking Price displayed, you can use the (-) minus sign on the listing to decrease the offer price.  Once the Current Price on the listing matches your Confirmed Offer Price, you win automatically (provided the seller selects your offer).   You can change your Confirm Price at any time before the Current Price drops.  

2). If you do not want to buy automatically, wait until the price drops to your desired price and Confirm Price at that time.  Just make sure to add the properties to your watchlist and set your notifications in "My Account".

To upload Proof of Funds, you can simply upload the documents to "My Account" under the "File Uploads" section after you place your Bid Deposit or become the Selected Winner for approval. Simply click and drag your docs, pictures or PDFs to the system and we'll keep them on record. There is a time limit to show Proof of Funds, so the docs must be uploaded before time runs out.  

If applicable, the buyer agent commission will be displayed on the listing page -  buyer agent commission amounts are at the sole discretion of the seller.  Buyer's Agents may also ask their Buyer for compensation if the seller is not offering a Buyer Agent commission.

Sellers who market their properties on Sellio are not making an offer to other Participants to contract, they are inviting Participants to make an offer to contract with them. 

Accordingly, Sellers can withdraw the listing from the marketplace at any time. Making an offer on a listing demonstrates your intent to purchase the listed item or property and will constitute your acceptance of the Sellers invitation to make an offer to enter into a contract with the Seller. As a buyer, you are obligated to complete the transaction with the Seller if you submit the Winning Offer, or risk losing your deposit, or potentially future privileges of the Sellio™ platform.

​Financed offers will be considered, however it is your sole discretion to receive approval on your financing.  If you cannot close on the property based on the terms of use, you can forfeit your Offer Hold and your account may potentially be suspended or disabled.

Make sure to do your Due Diligence prior to Placing an Offer Hold or Confirming your price.  Unless otherwise stated on the listing Sellio™ is a marketplace for Cash real estate deals, so it is expected that once you Confirm you are ready to purchase and can close in a timely manner.