Do I need any experience to bid at one of your auctions?
Do I need to register to bid at the auction?
How will I get financing if I'm the winning bidder at live events?
What if I want to use my own lender?
Should I go inspect the property prior to bidding at the auction?
Can I purchase more than 1 property at auction?
When will I receive title to any property I may purchase?
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 and FREE! As a first timer or an auction veteran, come to the auction, explore and ask questions. Our staff will be happy to assist you in any way we can. After a few items are sold, you will see for yourself how easy the process is and you will be ready to bid yourself.

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. And remember, it's totally FREE! And there is no obligation on your part!

How will I get financing if I'm the winning bidder at live events?
Designated lenders will be offering competitive financing "On Spot at our live events". Lender representatives will be available immediately after your winning bid to choose the financing option that's right for you! You can also "Pre-Qualify" online by clicking the lender link box on the Bidder Registration Form. Remember, we offer down payments as low as 3% and there are absolutely no pre-payment penalties on any of our loans.

What if I want to use my own lender?
You are free to use your own lender...BUT, if you choose to utilize a third-party lender (a lender other than those designated by the sellers) there is no contingency for financing and failure to gain approval within the specified escrow time-frame may result in liquidated damages. We encourage you to utilize the Designated Lenders due to their experience as a large, nationwide company who specializes in helping anyone...from the first-time buyer, to the sophisticated investor.

Should I go inspect the 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 1 property at auction?
Yes. If you are planning to purchase multiple properties you must be prepared to deposite the required Earnest Money / Deposites required for each property.

When will I receive title to any property I may purchase?
You will receive fee-simple title vested as you designate at closing from the designated national title/escrow company.

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 cancelled by either the buyer or the seller except for legal cause. There is no rescission or "cooling off period". That is it why it is so important and required for you to conduct all your due-diligence prior to auction day.


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.


Remember, for all live auctions:
You will need to register for the auction and bring a $5,000 cashiers check for each home you desire to purchase, made payable to yourself in order to bid at the auction. In addition, if you are the winning bidder, you will need a personal check or cash to make up the balance of your earnest money deposit on auction day as well as a valid I.D. for all parties wishing to be a party to the transaction.


Good luck at the Auction!