I’ve never bought real estate at an auction; how does the process work?
It’s important to do your due diligence and be prepared to bid before you show up at the auction. Other than the actual auction, which last only a few minutes, it’s just like any other real estate transaction – except you will be bidding on the property against other individuals, instead of haggling price with the seller.
What is required in order to bid at an auction?
How are auctions conducted?
What happens once I become the successful high bidder?
Can I or my Attorney Review the Purchase Contract Prior to the Auction?
Is my Escrow Money refundable?
Do I need to be represented by a Real Estate Broker?
Are Auction Properties Contingent on Inspection/Financing?
When can I inspect the property?
Who is responsible for closing costs?
What Are the Advantages of Real Estate Agents Using Alliance to Market Their Listings?
Who Usually Buys at a Real Estate Auction?
How are properties usually advertised for auction?
What factors determine the success of an auction?
When and Where Does Closing Take Place?