Buying Real Estate At Auction
Auctions are an efficient and time effective way to purchase real estate. Whether you’re an investor looking for income producing property, a farmer looking for land, or homeowner looking for a new home to purchase don’t overlook opportunities at auctions.
If you’re new to auctions, we will help guide you through the process and answer any questions you may have. The auction terms & conditions can vary from auction to auction so be sure to check each individual auctions’ terms and conditions before bidding.
Be aware that assets sold at auction typically sell in an “as is” condition with no warranties. This means you will want to inspect the property or have it professionally inspected before bidding. If you’re purchasing real estate you will sign a “no contingency” contract to purchase, and pay a non-refundable deposit on auction day. Any inspections need to be done beforehand and your financing needs to be sure.
Whether you’re new to auctions or an experienced auction buyer we value and appreciate your participation and will do our best to make your auction experience enjoyable and beneficial to everyone involved.
You don’t have to be represented by a traditional real estate agent to buy at auction. You can contact me directly to get all the information you need and schedule times to inspect the property. If you have an agent that will assist you in your buying process please have them contact us before the auction to register with us so they can be compensated for their efforts.
Buying A Real Estate Listing
Purchasing real estate can be a complex and intimidating process to a new buyer. If you’re new to purchasing real estate you may wish to retain a buyers agent to help guide you through the process. A buyer’s agent helping you with paperwork, submitting offers, and advising you about contingencies and inspections that you need to include can be very helpful.
Your first step in purchasing property should be to go to your bank and get a preapproval letter for your financing. This will help you determine what properties you should be looking at. You can waste a lot time looking at properties that are priced above your budget if you don’t know what loan amount you will qualify for.
This is also a good time to choose your closing attorney. It is helpful to know who will do your closing ahead of time so if you need any legal advice during the transaction you have someone to consult with. It is important to understand that your real estate agent is not an attorney and can not be consulted for legal advice.
If you don’t have an agent and you see a property that I have listed you can contact me directly and I’ll be happy to take you as a customer and show you the property you’re interested in. I can also provide the forms you need to submit an offer etc.