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Benefits to a Buyer

Benefits to Buyers at Auction

1)Buyer knows the Seller is committed/motivated to sell

2)Buyer determines purchase price

3)There is no long drawn out negotiating process

4)Buyers like the transparency of auction

5)Buyers enjoy the competitive “field” of the auction

 

How does it work?

Buying property at auction is simple. 

  1. Preview the auction property at your earliest convenience.

  2. Even though auction property sells “As Is, Where Is” doesn’t mean you can’t have inspections done!  You can order any inspection(s) you desire so you know what repairs or issues you are potentially dealing with, prior to purchasing the property, just like traditional listings.

  3. Have your financing in place prior to the auction. You will most likely be required to pay 10-20% of the purchase price the day of sale.  This money is a nonrefundable down payment that applies to the purchase price. You will also need a letter of credit from your lender or a verification of cash if you don’t require a loan.

  4. It is a good idea to hire a REALTOR® to represent you at auction.  By doing this you take the risk of emotional bidding out of the game.  If you are the successful Bidder, then your REALTOR® is there to help you with the contract and accompanying paperwork.  

Thank you for visiting today!  Our priority is to provide you with the advice and resources you need to be successful in your next real estate transaction.  While the internet is a great tool that we utilize daily in every aspect of our business, we feel that nothing is better than a face to face conversation!  We are a diverse and experienced team of professionals that are ready to help you, so give us a call, shoot an email, or stop by any of our three offices today!

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Testimonials

It was one year ago that we closed on the sale of my Mother’s home on Butterfield Road in Manhattan. A big change for Mom as she moved from her home of many years to Meadowlark. I wanted to thank Terri and Jessica for all of their help! Terri provided excellent service and her knowledge of the market made this transition from listing the home to the closing so easy for us. I was working from a distance and they were attentive and caring during the entire process. Terri even recruited the muscle for us to move the piano from downstairs and everyone who has tackled one of those knows what that takes! I would strongly recommend Terri as a realtor that you can trust for the purchase or sale for your residence. While a year has passed I still remember how smooth everything went and my appreciation of this fact has not dimmed over time! Jim McBride
Niki helped my husband and I buy and sell our homes last year. We had high expectations for the home we wanted to purchase and spent several months viewing homes with Niki. She was very patient and knowledgeable. She knew what we were looking for and was very persistent in helping us find our dream home. After a few months, we found the perfect home and she worked so hard to make the process as seamless as possible. Not only did she help us find our dream home, but she sold our current home in a matter of days! We are so thankful to have had the opportunity to work with Niki. She went above and beyond for us and made the experience so much easier. We highly recommend Niki! Lindsay Blew
Bill made my first home buying experience almost enjoyable! With his expert help, the entire process was relatively easy and less stressful than I had initial expected. He was always available to answer any questions and made sure I understood what was happening during each stage of the process! I would highly recommend his service to anybody looking for a realtor! Lauren Graham
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Thank you for visiting today!  Our priority is to provide you with the advice and resources you need to be successful in your next real estate transaction.  While the internet is a great tool that we utilize daily in every aspect of our business, we feel that nothing is better than a face to face conversation!  We are a diverse and experienced team of professionals that are ready to help you, so give us a call, shoot an email, or stop by any of our three offices today!