Terms and Conditions

1. Agreement to Terms

By accessing and using PropertyBids.ai ("the Platform"), you accept and agree to be bound by the terms and provision of this agreement. If you do not agree to abide by the above, please do not use this service.

2. About PropertyBids

PropertyBids.ai is an online property auction platform that connects property sellers with potential buyers through a transparent bidding process. We provide the technology and platform to facilitate property transactions but do not act as an estate agent or provide property advice.

3. User Accounts

3.1 Registration

To use certain features of PropertyBids, you must register for an account. You agree to provide accurate, current, and complete information during registration.

3.2 Account Security

You are responsible for maintaining the confidentiality of your account credentials and for all activities that occur under your account.

3.3 Verification

PropertyBids may require identity verification and financial verification for certain activities such as listing properties or placing bids. You agree to provide truthful and accurate verification information.

4. Property Listings

4.1 Seller Responsibilities

• You must be the legal owner or authorized representative of any property you list
• All property information must be accurate and complete
• You must disclose any material defects or issues with the property
• Property images must be current and representative

4.2 Listing Fees

PropertyBids reserves the right to charge listing fees or commission on successful sales. Current fees will be displayed during the listing process.

5. Bidding and Sales

5.1 Bid Commitment

All bids placed through the platform are considered legally binding offers to purchase the property at the specified price and terms.

5.2 Bid Acceptance

Sellers have no obligation to accept any bid, regardless of amount. The acceptance of a bid creates a legally binding contract between buyer and seller.

5.3 Financial Verification

Bidders may be required to provide proof of funds or mortgage pre-approval before placing bids above certain thresholds.

6. Prohibited Activities

Users may not:

• Provide false or misleading information
• List properties they do not own or have authority to sell
• Place bids without genuine intent or ability to purchase
• Manipulate bidding processes or engage in shill bidding
• Use the platform for illegal activities
• Interfere with other users' use of the platform

7. Platform Responsibilities

7.1 Service Availability

We strive to maintain platform availability but do not guarantee uninterrupted service. Maintenance and technical issues may cause temporary unavailability.

7.2 Content Moderation

PropertyBids reserves the right to review, edit, or remove any content that violates these terms or is deemed inappropriate.

8. Disclaimers and Limitations

8.1 Property Information

PropertyBids does not verify the accuracy of property information provided by sellers. Buyers are responsible for conducting their own due diligence.

8.2 Financial Advice

PropertyBids does not provide financial, legal, or investment advice. Users should consult appropriate professionals before making property transactions.

8.3 Limitation of Liability

PropertyBids' liability is limited to the fees paid by users. We are not liable for any indirect, consequential, or special damages arising from platform use.

9. Privacy and Data

Your privacy is important to us. Please review our Privacy Policy which explains how we collect, use, and protect your information.

10. Dispute Resolution

Any disputes arising from these terms or platform use shall be resolved through binding arbitration in accordance with the laws of England and Wales.

11. Changes to Terms

PropertyBids reserves the right to modify these terms at any time. Users will be notified of material changes via email or platform notification.

12. Termination

PropertyBids may terminate or suspend accounts that violate these terms. Users may close their accounts at any time through their account settings.

13. Contact Information

For questions about these terms, please contact us at:

• Email: [email protected]
• Address: PropertyBids Legal Department, [Your Address]