Real Estate Auction Tips

This presents an excellent opportunity for the home buyer. You may be able to purchase the South Carolina home of your dreams at a price set by the marketplace, not the seller. For the seller, it allows them to sell quickly at the best price available among competing buyers. It is a win-win situation for both parties.

Home Buyer Auction Tips

The most important thing is to do your homework. You should be prequalified for your home loan prior to the auction date. Have sufficient funds in your bank account to make the required deposit if you are the successful bidder. You should request to see a certified appraisal, home inspection, and title report. I would also recommend a home warranty. Research prior sales in the area and decide the maximum amount you are willing to pay. Be sure to include the cost of any Buyer's Premium.

On the auction date arrive early and review the terms and conditions. Ask if the Owner has placed a reserve or minimum price on the property. Register and obtain your bidder's number. If you are serious notify one of the auction assistants that you will be bidding and ask that he watch for your signals. Good luck!

Home Seller Auction Tips

Auctions are becoming an increasingly popular method of selling real estate. If your are considering the auction route your most important decision is the selection of an Auctioneer. Review the auction listings in your local newpaper and attend some of them. Ask the property owner if he was satisfied with the results and with the Auctioneer. Be sure that you understand how your property will be marketed and advertised. Have any contract reviewed by your attorney prior to signing. Decide if you wish to set a reserve or sell absolute. Prepare your house for showing and call the mover.

Upstate South Carolina Real Estate Auctioneers

Choose Auction

Piedmont Estate Liquidators

Furnish Your Home at Auction

Estate sales are an excellent source of furnishing for your new home. The procedures are much the same as listed above. Be sure to preview the items you are interested in for damage and compare prices. I have seen people pay more for a used item at auction than what they could purchase the same item new at Walmart.

Watch out for unscruplous auction houses that will have "ringers" in the audience to push up prices. In addition many fake items are being sold as "antiques", even in the better stores. Take the time to research before you get caught up in the action and regret your purchase when you get it home.

Recommended Auction Houses

Wham Auctions