You'll
receive email property alerts before they even appear in print
media!
HOW DO I
BUY AT AUCTION?
It's pretty simple. Here's
guidance:
Come early
and get registered to maximize inspection time.
Registration and
property inspection begin an hour before auction.
You can complete your registration materials
beforehand and bring them if you'd like. The required
forms follow:
Bidder
Registration Form.
(This is a fill able PDF form which you can complete online
and either save to your hard drive and email to
Freddie@AuctionSellsFast.com
before registration or
you can print it and bring it with you at registration).
Real Estate Agency Disclosure
(Required by LA. It
informs you that we are acting as agents
for the
seller, and we need a signed copy from you).
<Forms require Adobe
Reader. If you don't have it, Click on Adobe Icon>:
Once we have the above three required
forms from you, we will issue you a bid paddle, and you're all set
to participate in the auction
experience!
Have
financing pre-arranged.
Auction
sales NOT subject to financing,
so ensure you're approved if you'll need financing.
Bring either
cash, personal check, or company check for required deposit.
10% required deposit may be via cash, personal
check, or company check.
Inspect
BEFORE auction.
Improved property available for
inspection about 10-12 days before auction (irrespective of
whether
auction conducted on-site or at
off-site facility like hotel) and an hour before auction (for
on-site
auctions). Bring any professional (appraiser, inspector,
etc.) you may desire.
Auction properties sold "as is, where is" and
not
subject to inspection after auction.
Don't overlook
the buyer's premium.
Percentage added to the final bid and included in
the final contract price.
Be sure to factor it in when you bid at auction.
Relax and enjoy
the fun.
If you plan to bid,
don't be bashful.
Raise your bid paddle, and you'll be on
your way toward a potential purchase!!
Feel free to attend even if you won't be
bidding. Our auctions are open to the
public.
The preceding points cover the
essential areas, but here are a couple of other quick Q
& As:
1.
Can I make an offer before
auction?
YES! We will execute a
purchase agreement, procure your 10% required deposit, and present
your offer to the seller. In essence, your offer is
tantamount to a bid at auction (and therefore subject to
the same terms and conditions as a bid at auction).
If you're serious about acquiring the property before auction, put
forth your best offer. Otherwise, sellers typically hold out
to force competitive bidding at auction.
2.
If I can't be present, may I submit an absentee bid or be
represented by someone else?
YES!
You may submit an absentee bid by registering with us and remitting
the required deposit based on your bid. If absentee bids are
received, the bidding starts at the highest absentee bid. All
unsuccessful absentee bidders receive their deposits back.
You can also appoint someone to bid on your behalf
provided your representative
can remit the 10% required deposit if she wins the
bidding.
If you choose to appoint an agent to bid on your
behalf, we will need an executed Power of
Attorney giving your agent the full
authority to bid on your behalf. For your convenience,
Click Here
for a Fill Able Power of Attorney.
After completing (either online before
printing or manually after printing the blank form), merely sign it,
have it notarized, and have your agent bring it with him to the
auction. You'll then be all set to have an agent do
your bidding for you!
We also offer the option of live telephone bidding
provided you've registered with us beforehand.
