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AUCTIONEERSREALTORSCONSULTANTS
Successful real estate marketing across the Carolinas,
Georgia and the Southeast, sale after sale after sale
 
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PREPARING FOR THE AUCTION - A BUYER'S CHECKLIST

Do your homework – find out as much as you can about the property. Obtain the property specific information package from the auction company. It will include photos, plats, terms of sale, financing information, maps, plans and other relevant documents which are available to the auction company

Inspect the property – take full advantage of hosted open home/inspection times or contact the auction company for inspection by appointment. Remember, at most auctions, you are buying the property “as is – where is” and with all faults.   The inspection period provides you or your representative an opportunity to see first hand what you are bidding on and helps you bid with confidence

Prequalify yourself – most auction sales are for cash consideration and not subject to financing. If you intend to use financing as part of your purchase, apply for and be pre-approved for financing prior to the auction event

Register to bid early – generally an hour before the auction. This will provide you time to consult with on site staff who are prepared to assist you with last minute questions regarding the property and the auction process. At registration, you will receive a bid package with your bid number, the property specific information package, terms of sale and have an opportunity to review sale day documents. This also provides you the opportunity to make an opening bid on the property, particularly when the auction offers an opening bid incentive to bidders

Bid aggressively – until the auctioneer conducting the sale declares the property sold or until you have reached your limit – you should compete aggressively – there will be only one winning bidder for the property.   You cannot buy at your price unless you bid your price

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Spartanburg, SC 29305
Phone: 800-292-9666 | Fax: 864-597-0107