LARGE HOME AUCTION IN SACRAMENTO THIS MONTH--217 HOMES

Buyers looking for a property at a great price may find what they are looking for at this month's home auction.  The 217 homes are located from Elk Grove to Rocklin and Auburn with one in Pollock Pines and one in Placerville.  Most are in Sacramento.  

• Buyers must bring a certified check for $ 2500, a driver's license to the auction 
• Buyers must have a personal or company check ready to pay ten percent of the purchase price on auction day 
• Buyers should be pre-approved or pre-qualified for the purchase price if financing is necessary
• The auction company adds a 5% buyer's premium on to your winning bid
• Sellers provide title insurance, so any judgments or tax leans will be paid in full at close of escrow
• Some homes will have a reserve and others will not 
• They are sold "as is," so the buyer will have to complete their due diligence prior to auction day
• The doctrine of caveat emptor applies here.  If you are the wining bidder, you have to sign the purchase contract on auction day 
• If you do not complete the purchase you will forfeit your ten percent deposit
• Many of the homes look like they are real fixers.  Construction skills may be necessary 
• It is not required that a buyer be represented by a REALTOR, but they recommend it.  There is no additional cost to the buyer to do so.

I will be holding one of these auction homes open on Saturday, 11/10 from 1:00 PM to 3:00 PM.  If you would like to look it over, or have any questions about the process feel free to call me.    (916) 337-0658