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Auction FAQ



Do I need any experience to bid at one of your auctions?
Do I need to register to bid at the auction?
Should I inspect a property prior to bidding at the auction?
Can I purchase more than one property at auction?
What if I change my mind? Can I cancel the transaction after the fact?
What is the Buyers Premium and what is it used for?



Do I need any experience to bid at one of your auctions?
No...bidding is simple!

Do I need to register to bid at the auction?
Yes! You can register online. It's easy! We suggest that your register at least 48 hours prior to the auction in order to receive all pertinent information relating to the event.

Should I inspect a property prior to bidding at the auction?
Yes! We feel that the only way for you to make an informed purchasing decision is to not only visit, view and inspect the property prior to the auction, but to also view all the related property information and disclosure documents. By registering and bidding online or at onsite auctions, you are certifying and representing that you have not only viewed the property prior to bidding, but have reviewed and accepted all relevant property information and disclosures.

Can I purchase more than one property at auction?
Yes. If you are planning to purchase multiple properties you must be prepared to deposit the required earnest money / deposits required for each property.

What if I change my mind? Can I cancel the transaction after the fact?
No! Once the auctioneer has said "sold" or the online auction is over, a legal binding contract has been established and can not be canceled by either the buyer or the seller except for legal cause.


What is the Buyers Premium and what is it used for?
The Buyers Premium is used to help the auction company promote the auction through multiple mass-media outlets such as television, radio and direct mail, without having to pass on all those costs to the Seller. It is a standard practice utilized by many major auction companies. Buyers premiums will run from a minimum of 5% and can be as high as 10%. Please check all the terms and conditions carefully.

As an example: You are the winning bidder on a property at $300,000. If the buyers premium is 5%, this amount will be added to the sales price, thus making the final selling price $315,000.




Good luck at the Auction!