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How to Buy

Using Unreserved’s online transaction platform is simple. You’ll gain access to an entire marketplace of readily available homes for you to browse, and even visit.

Steps to Buying

Step 1

Browse our homes online

Browse our extensive inventory of available homes. Take advantage of market comparable reports and home information reports before deciding on which homes you’d like to visit.

View homes for sale

Step 2

Schedule a visit

Schedule a private viewing, or visit one of our many open houses to see your prospective new home.

Step 3

Get verified to place an offer

Submit your mortgage pre-approval and participate in our transparent offer process. Verification is a crucial step for ensuring only qualified buyers make an offer on a property.

If you’re not already pre-approved, you can start the process here.

Step 4

Make your offer

Now that you’ve been verified, it’s time to make an offer. Make your offer transparently in real time, and always know exactly where you stand.

Step 5

Finalize the sale

Once an offer is accepted, contracts are drawn up and sent to lawyers on both the buyer and seller sides, and a 2.5% deposit is collected and held in trust until closing.

Buyer FAQs

Who is Unreserved?

Unreserved is an online auction platform for buying and selling homes. Based in Ottawa with a full staff of local professionals, we are bringing complete transparency to every aspect of the buying and selling process. The auction keeps everything fair and equal, ensuring you never overpay for your home. With each bid, you get to decide if you are still in, or if you are out.

How does the online auction work?

Don’t worry, you don’t have to stand on the lawn and raise a paddle. All home auctions happen online at Unreserved.com. If you would like to purchase one of our homes, you need to register to bid. Auction start and end times are posted on Unreserved.com. To keep the auction fair, any bid placed in the last 5 minutes will extend the auction end time by 5 minutes. This ensures everybody has an equal opportunity to counter bid.

How do I register to bid?

It’s easy, go to Unreserved.com, click “Sign Up”, and follow the prompts. You will need to provide your mortgage pre-approval. Unreserved will then verify your account and you will be authorized to bid. There is no transaction fee, or cost associated with bidding.

When should I bid?

You can place a bid any time between the start and end time of the auction.

What if I win?

If you are the winning bid, one of our Property Experts will be in touch right away to close the transaction.

Why is the starting price so low?

“Unreserved” means “not restricted”. We start our auctions low to allow the buyers to dictate the value.

Can my agent register to bid on my behalf?

Absolutely! Your agent can bid for you. If you give up control of your bids to a realtor, we recommend using a progressive agent that embraces transparency. You do not need an agent to bid, and bidding is the same process for everyone.

Still have questions?

We'd love to hear from you.