Special offer
Raymond Richardson
Active Auction Inc - Tampa, FL
Call Us for Details on how we can help you.
Apr 16, 2007 10:56 AM
Mary Pope-Handy
Christie's International Real Estate Sereno - Los Gatos, CA
CRS, CIPS, ABR, SRES, Silicon Valley
It would be great if you explained how auctions work. I have seen one recently in my market - first ever in my experience.
Apr 16, 2007 11:44 AM
Billy Burke
The Auctionarium - Altadena, CA
CAI - AARE

Basic Terms of Sale for an Auction

 

<!--[if !supportLists]-->1.    <!--[endif]-->Property is sold as is where is with all faults

 

<!--[if !supportLists]-->2.    <!--[endif]-->Inspections are usually limited to be fair to all parties

 

<!--[if !supportLists]-->3.    <!--[endif]-->Bidders required to post deposit in ‘hard money’

 

<!--[if !supportLists]-->4.    <!--[endif]-->Disclosures prepared & presented prior to auction

 

<!--[if !supportLists]-->5.    <!--[endif]-->Price is established by open competitive bidding

 

<!--[if !supportLists]-->6.    <!--[endif]-->Property is sold with a free & clear title usually by deed.

 

<!--[if !supportLists]-->7.    <!--[endif]-->Closing is all cash usually in 30-days or less

 

Auctioneer is an agent of the seller and any information provided is from sources deemed reliable but is not guaranteed. Bidding at auction is a legal and binding contract to purchase on the published terms and conditions.
Nov 01, 2007 02:59 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Welcome back to ActiveRain!

     I encourage you to take another look at the website.  Surf some blogs, leave some comments.  Better yet, post a Blog.

    Best to you!

Jul 01, 2015 12:35 PM