Q: I've never purchased a property at an Auction. Where do I start?

A: You will want to know as much about the property as possible before the auction. Know your budget and don't exceed it. You will be given a 10 day window to get all inspections and disclosures done. All sales are as-is sales.


Q: Since I'm not familiar with Real Estate Auction how can I be assured that all Department of Real Estate Rules and Regulations apply?

A: Brokers/Auctioneers must abide by all applicable State and Federal Real Estate Laws.

Q: How do I determine how much I should bid?

A: The Auction is the oldest established method of determining the value of property. The property is worth what qualified buyers are willing to pay! At an Auction, you immediately know what other qualified buyers are willing to pay, so you'll know that the price is a fair market value.

Q: How to I get financing?

A: All of our homes are seller financed and do not require the buyer to be pre-qualified. We use what we call a "Trust Loan". This means that we trust you to pay your loan. We do not need much paperwork to get your financing approved. Any bad credit issues are a non-issue.

Q: What is the Buyers Premium?

A: The Buyers Premium is 5% and is an Auction fee, added to the winning bid. It should be taken into consideration when you are bidding.

Q: How much do I put down as a deposit?

A: A 10-20% deposit is required on the day of the sale, depending on the property. The terms of the deposit will be in all advertising and brochures on the property. This deposit is non-refundable. You will be bidding on monthly payments which you will make directly to the seller.

Q: How do I register to bid?

A: You can pre-register with our office, or register at the Auction site on the day of the sale. You will be asked to provide identification and certified funds per the terms and conditions of the Auction. Verify the terms with our office prior to attending the sale.

Q: What if I'm already working with a Real Estate Agent and want to bid on property being sold at Auction?

A: We do not pay real estate agents commissions. You are welcome to bring an agent to represent you, but you will be responsible to pay them their commission.

Q: I've never bid at an Auction before, and I'm concerned that I might not understand what the amount of the bid is?

A: Remember that the Auctioneers and their staff want you to completely understand the process. Prior to the start of the Auction, the Auctioneer will make announcements, and give all attendees the opportunity to ask questions. Once the Auction begins, a bid assistant may help in relaying bids to the Auctioneer. If at any time you don't understand where your bid is, or another person's bid, always ask! Don't make the mistake of trying to hold back if you want the property. Otherwise, you might end up missing your opportunity!

Call today for your more info:
408-277-3292