Your Guide to Buying Real Estate at Auction

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Ready to discover a better way to buy real estate? Auctions offer a refreshingly straightforward approach to property purchases. Whether you're a first-time homebuyer or a seasoned investor, here's what you need to know about our auction process.

And parents, relax! We promise we won't take your toddler's enthusiastic hand-waving as a bid on that farmhouse. (Though we do enjoy seeing the next generation of auction-goers in action!) For older kids interested in auction purchases, we're happy to work with them when they have a parent or grandparent's approval.

Why Choose an Auction?

Unlike traditional real estate transactions with their endless back-and-forth negotiations, auctions establish true market value through a transparent, competitive process. We're particularly proud of our land auctions, which consistently achieve strong results and often set market records.

Auction Formats
Live Auctions

Join us in person for a dynamic, fast-paced event where you can feel the energy in the room and see the action unfold in real-time. Our experienced auctioneers keep things moving while our team ensures everyone stays informed and involved.

Online Auctions

Prefer to bid from your couch? Our online platform lets you participate from anywhere, with convenient features like automatic bid increments and outbid notifications. Just remember that last-second bids need time to reach our servers - no need for a nail-biting finish!

Before the Auction
Do Your Homework

  • Schedule a property showing with us (we prefer personal tours to open houses)
  • Review the property documentation
  • Get your inspections done
  • Check out the local market
  • Look over those auction terms (yes, all of them!)

Get Your Finances Ready

The auction process moves quickly, so having your finances in order is key. Remember:

  • Line up your financing first - this isn't contingent on approval later
  • Know the buyer's premium for the auction
  • Only winning bidders need earnest money - but be prepared if that's you!

Common Pitfalls (Let's Avoid These)

  • Getting caught up in the excitement and forgetting your budget
  • Skipping your homework (those property documents are important!)
  • Missing deadlines (our timeline keeps things moving)
  • Thinking you need earnest money just to bid (nope - only winners need it)

Tips for Success

1. Start Early

  • Get registered
  • View the property
  • Do your research
  • Have your financing ready

2. Stay Organized

  • Keep your documents handy
  • Know your numbers
  • Save key contacts

3. Bid Smart

  • Know your limits
  • Stay cool under pressure
  • Keep an eye on the action

What Happens When You Win?

  • We'll give you a call (yes, we still believe in phones!)
  • Submit your earnest money by 4 PM CST the next day
  • Sign the paperwork
  • Head to closing

Closing Time

Here's the familiar part - closing works just like any other real estate purchase. You'll handle:

  • Title work
  • Recording fees
  • Standard closing costs
  • Property tax prorations (you'll get credit at closing)

Ready to Join the Action?

We're here to help you navigate the auction process - it's what we do! Reach out with questions, to schedule a showing, or to register for upcoming auctions. And don't worry, we won't make you practice your bidding technique first! ��

Properties are sold "AS IS, WHERE IS" - but you knew that was coming, right?


 

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