• Benefits of Buying Real Estate at Auction
• Bidding & Buying Tips for Real Estate Auctions
• Benefits of Buying Equipment / Merchandise at Auction
• Bidding & Buying Tips for Equipment / Merchandise Auctions

Benefits of Buying Real Estate at Auction...

• Smart investments are made as properties are usually purchased at fair market value through competitive bidding
• The buyer knows the seller is committed to sell
• In multi-property auctions the buyer sees many offerings in the same place at the same time
• Buyers determine the purchase price
• Auctions eliminate long negotiation periods
• Purchasing and closing dates are known
• Buyers know they are competing fairly and on the same terms as all other buyers
• Buyers receive comprehensive information on property via bidders kit.

There are many benefits to the Seller as well.  Do you have property to sell or know someone that does? Click Here.

Bidding & Buying Tips for Real Estate Auctions...

• It is important to physically inspect the property.  There is an inspection period(s) for every auction.
• If you will need financing you must make arrangements before auction day because auction day purchases are not contingent upon the bidder obtaining financing.
• Read the Terms and Conditions on the sale’s details page and familiarize yourself with them. 
• You will be required to show the registration clerk the required deposit, in the form of a cashier’s check, as well as your driver’s license prior to receiving a bidder card.
• If you are a successful bidder, you will be required to pay the necessary deposit set forth in the Terms and Conditions for that particular sale.
• Don't forget to take into consideration that the buyer’s premium (if applicable) will be added to your final bid.

Benefits of Buying Equipment / Merchandise at Auction …

Deals, Deals & More Deals

Buying & Bidding Tips for Equipment / Merchandise Auctions …

• Inspect the merchandise before you bid on it.  There is an inspection period for every auction. 
• Maintain eye contact with the auctioneer.  If you cut the contact, the auctioneer will think you are no longer interested in the item being offered for sale.
• When you start bidding, you may get the auctioneer’s attention by waving your hand or your bidding card.  Once he is aware of your interest, a simple nod of the head will signify that you are still interested in the item being offered for sale.
• If you think the bid is yours and you are no longer interested, kindly shake your head in the negative.
• Know when you start to bid how high you are willing to go.  The auction is fast paced and you will need to make decisions quickly.  The auction will not be put on hold while you take your time deciding what to do.
• Take advantage of the inspection period.  You normally will not be able to examine an item as it is being offered for sale.
• Don't forget to take into consideration that the buyer’s premium and the state sales tax (if applicable) will be added to your final bid.
• If you are the successful bidder, immediately hold up your bidder card with the bidder number facing the auctioneer. 
• If you are a successful bidder, you will be required to leave a deposit of 25% (minimum $100.00).  Note:  Onsite auctions: All bills must be paid for in full DAY OF SALE unless prior arrangements or other announcements have been made.  Inhouse auctions: All bills must be paid for in full by the Friday following the sale unless other announcements have been made.