|
Frequently
Asked Questions about Real Estate Auctions |
|
|
|
|
|
What do I
need to do to buy a house at auction? |
|
|
|
Check the
house over to see if its what you want. |
|
|
|
Get an
Auction Sale bill and know the terms. |
|
|
|
Pre-qualify
with your Banker or Savings & Loan Officer.
Tell
them your desire to buy at auction and give them
any credit history
that
they will need to help you. |
|
|
|
Ask
the Banker which inspections you will need to get done and confirm
your price range. |
|
|
|
NOTICE - An
Auctioned home is SOLD "As-Is". You will need to make good value
assessments as to the cost to fix up and / or correct any items found in
the inspections. |
|
|
|
There is
only one winner at an auction - do your home work beforehand and you will
like the results. |
|
|
| |
|
|
|
Advantages
of Selling Real Estate at Auction |
|
|
You
get immediate action. Auctions are no longer limited to distressed
properties. All types of real estate are sold at auction. |
|
|
|
|
|
People
who have shown interest in your property will realize that if they want
your property they must commit themselves to purchase it at a definite
time and place. |
|
|
|
|
|
The
terms and conditions of the auction are set, and the property is sold
"AS IS -WHERE IS" |
|
|
|
|
|
The
auction method of marketing is one way of bringing about effective
results. This is done in a manner where there can be no criticism as to
price obtained. Courts, Trustees and businessmen everywhere, in most cases
have held that an auction well advertised and well attended will determine
a fair market value over all other methods. |
|
|
|
|
|
This
is the only way to sell with a good possibility of obtaining a higher
price than the original asking price. |
|
|
|
|
|
For more
advantages of selling your property at auction, give us a call.
1-800-499-6182
- 785-825-1316 |
|
|
|
|
|
John
Omli, CAI Auctioneer/Broker
Omli
& Associates, Inc.
604
Barney at Broadway - Salina, KS
785-825-1316
or 1-800-499-6182
www.omli.com
|
