Frequently Asked Questions
Everything you need to know about the product and billing.
How does the auction process work?
Properties are listed for a fixed auction period. Users place competitive bids, and the highest bid at closing wins the property.
Why use auctions over private treaty sales?
Traditional property sales in Nigeria like private treaty can be slow and opaque but auctions offer a faster more transparent alternative.
How has BULLNET epabs improved activities in the real estate sector?
Leveraging technology in property sale enhances efficiency, transparency and customer confidence across the real estate sector.
What is BULLNET epabs?
BULLNET-epabs (electronic property auction and bidding system) is a new online auction platform that is revolutionizing how properties are marketed, bidded and sold in Nigeria.
Do I need to verify my identity before bidding?
Verification becomes important when your bid needs to be activated. You can complete your KYC quickly from the bid feedback prompt.
Are the properties verified?
Yes. All listed properties undergo documentation review before being approved for auction.
What happens if I win an auction?
You’ll receive payment instructions and next steps for verification and ownership transfer. Our team guides you through the post-auction process.
Can I cancel a bid after placing it?
Bids are typically final. If you believe you placed a bid in error, contact support immediately and we will advise based on the auction rules.
What payment methods are accepted?
We support secure digital payment methods. Available options may vary by auction and will be displayed during checkout.
How long does ownership transfer take?
Transfer timelines vary by property and documentation requirements. We aim to complete transfers as quickly as possible once payment and verification are confirmed.
How secure is my information?
We use secure systems and verification workflows to protect user data and transactions. Sensitive actions are handled with strict access controls.
Need Professional Guidance?
Have questions about estate development or property management? Our team is available to assist you.