Buying real estate at auction can be an exciting and profitable venture, but it’s different than traditional real estate in that due diligence is done in advance of contract signing rather than after.  From the Buyer’s perspective the Accelerated Auction Process has many benefits including:

• The Seller is committed to the process
• You set your own price
• The negotiation process is open and you know who your competition is
• There is a specific preset closing date that the Seller must adhere to
• You have an opportunity to inspect and perform due diligence prior to bidding

Things to remember when buying real estate at auction:

• Make sure that you read and understand the Terms of Sale
• Perform your due diligence and inspections prior to bidding
• Make sure you’ve read, understand and/or had an attorney review the contract prior to bidding
• Make sure you understand the requirements necessary to bid, (have the appropriate deposit)
• Are prepared to close on the designated closing date.