Why Purchase Real Estate At Auction

Buying at a real estate auction offers buyers the opportunity to buy not only from a willing seller, but also provides a fair competitive bidding environment.

What You’ll Find at a Real Estate Auction

  • New and exciting way to buy real estate
  • Nationally growing and accepted means of selling property
  • A seller fully committed to selling the property on auction day
  • Buyers determine the purchase price
  • Buyers know they are competing fairly and on the same terms as all other buyers
  • Fair market value is established through competitive bidding
  • Buyers receive comprehensive information on property via property information packet
  • Quick easy closing
  • Auctions eliminate long negotiation periods
  • Transactions are created and completed in a timely manner

Steps To Purchasing
Real Estate At Auction

As with any other real estate purchase, it’s important to do your homework. Here are some steps we suggest:

  • Study the information available on the property.
  • Decide whether you wish to be represented by a real estate broker. If you do, be sure to have your broker review and register with our broker participation form as soon as possible.
  • Request a property information. We’ll provide detailed information about the property such as property disclosure, plats, pictures, survey reports, auction terms and conditions, demographics, zoning information and floor plans.
  • Make sure you conduct all your due diligence before hand and all your questions in regards to the property and the auction process have been answered- as there are no contingencies in the “Buy/Sell” contract
  • Make arraignments to visit the property.
  • During property previews you are encouraged to ask questions and become familiar with all aspects of the property. Our properties are sold “as is-where is” without contingencies of any kind (other than a clear title).
  • We strongly encourage prospective bidders to inspect the property and become familiar with all aspects of the property and auction prior to auction day.
  • Review all auction documents-You should know exactly what you are bidding on and what terms and conditions you will be signing and agreeing to.
  • Arrange financing, if needed. You’ll want to have any needed financing arranged before auction day.

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