Rules & legal
How a bidding procedure works.
Fair, transparent and binding – here you will find all rules, costs and legal information.
The process in four steps
Register & get approved
Create an account and confirm your identity. You see listings immediately; the site owner approves you for bidding.
View & check
Check the listing, documents and energy certificate, book a viewing directly online.
Bid with binding effect
Enter an amount, check the costs, confirm. You can always see whether you are leading.
Award & purchase contract
After the deadline the site owner decides. The purchase contract is handled by a notary or lawyer.
Procedure rules
- Minimum bid
- The first bid must be at least the minimum bid.
- Bid increment
- Every further bid is at least the increment above the highest bid.
- Deadline
- Start and end are fixed and shown with date and time.
- Extension
- Bids in the last 5 minutes extend the deadline by 5 minutes.
- Binding period
- Bids are binding until the award decision, at most 14 days after the deadline – even if they are outbid.
- Transparency
- All bids appear immediately in the anonymised history.
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Purchase costs
Example calculation for a bid of €485,000:
Additional costs shown three times larger for better visibility
- Purchase price (bid)
- €485,000
- Real estate transfer tax (3.5%)
- €16,975
- Land register entry (1.1%)
- €5,335
- Drawing up the contract (approx. 1.5% plus 20% VAT)
- €8,730
- Agent’s commission (3% plus 20% VAT (as per listing))
- €17,460
- Total additional costs
- €48,500 (10.0%)
- Approximate total
- €533,500
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After the award
Award
The seller grants the award. You are informed immediately by email, text message or push notification.
Contact release
Seller and buyer receive each other’s contact details. All other bidders receive a rejection.
Purchase contract
A notary or lawyer draws up the purchase contract.
Escrow & land register
The purchase price is handled in escrow, followed by registration in the land register.
Handover
Keys are handed over on the agreed date.
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FAQ
Why does my account have to be approved?
Bids are legally binding. The site owner therefore checks every new account before it can bid. You can see listings and the bid history right after registering.
Can I withdraw a bid?
No. Bids are binding. That is why we show the amount in words before you submit and display all costs.
Does the seller have to award the highest bid?
The seller decides within 14 days after the deadline. Whether they are obliged to do so is set out by the client in the procedure rules.
Who can see my name?
Other bidders only see “Bidder 1, 2, 3 …”. The seller only receives your contact details after the award.
Which documents do I need?
An identity check and – before your first bid – proof of financing or creditworthiness.
Privacy (GDPR)
Shared version: 2026-10-f12d-entwurf
This legal text is currently only available in German; the German version is authoritative.
In the event of discrepancies between the language versions, the German version prevails.
- Verantwortlicher, Zwecke und Rechtsgrundlagen der Verarbeitung
- Speicherdauer von Konto-, Prüf- und Gebotsdaten
- Ihre Rechte: Auskunft, Berichtigung, Löschung, Widerspruch, Datenübertragbarkeit
- Kontakt der bzw. des Datenschutzbeauftragten
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General terms and conditions
Shared version: 2026-10-f12d-entwurf
This legal text is currently only available in German; the German version is authoritative.
In the event of discrepancies between the language versions, the German version prevails.
Gliederung: Geltungsbereich · Registrierung und Prüfung · Ablauf und Bindungswirkung von Geboten · Pflichten der Anbieter · Entgelte · Haftung · Schlussbestimmungen.
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Legal notice
Shared version: 2026-10-f12d-entwurf
This legal text is currently only available in German; the German version is authoritative.
In the event of discrepancies between the language versions, the German version prevails.
Angaben nach § 5 ECG und § 25 MedienG: Firmenname, Anschrift in Wien, Firmenbuchnummer, Firmenbuchgericht, UID-Nummer, Kontakt, Aufsichtsbehörde.
Placeholder – the binding content is provided and confirmed by the client.