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ABSOLUTE RESIDENTIAL HOME AUCTION WITH NO RESERVE $2,495.00: Each "average" residential home sold ABSOLUTE TO THE HIGHEST BIDDER REGARDLESS OF PRICE $2,495.00 each property. All Absolute auctions qualify for the rebate program where entry fees are rebated up to 101% depending upon the value.
This page is to begin the process to auction your vacant building or recreational lot for cash.
National Auctioneers Association legal definition of ABSOLUTE AUCTION
Legal definition of an absolute auction:
An auction where the property is sold to the highest qualified bidder with no limiting conditions or amount.
The seller may not bid personally or through an agent.
Also known as an auction without reserve.
Absolute auctions or an auction without reserve traditionally deliver higher prices along with more bidders but it requires faith in the process and the ability to deliver the property. Many people simply cannot offer their property unreserved due to the fact they have a mortgage and don't have the funds on hand to pay it off should the property sell for less than is owed.
Property entered for auction qualify for the rebate program where entry
fees are rebated up to 101% based on the following formula.
The company will rebate or refund $500.00 of the pre-paid auction entry
fees for each $50,000.00 in contract price up to 101% of prepaid fees.
Example:
$350,000.00 Auction contract price divided by $50,000.00 = 7
$500.00 is rebated multiplied by 7 (seven)
$3,500.00 rebated or refunded to seller at closing or settlement as a special incentive.
OWNERS MUST ENTER UNIFORM REAL ESTATE AUCTION LISTING AGREEMENT 90-DAY EXCLUSIVE RIGHT TO SELL & PRE-PAY AUCTION ENTRY FEES
• AS AUCTIONEERS WE ARE AGENTS FOR THE SELLER REPRESENTING YOUR INTEREST
• COMMISSION & SALE FEES ARE USUALLY PAID BY THE BUYER FROM THE BUYERS PREMIUM
• RESERVE PRICE AUCTIONS ARE CHARGED NO SALE FEES WHEN CASH AUCTION VALUE IS REFUSED BY THE SELLER
• ALL PROPERTY SOLD AS IS WHERE IS - *30-DAY ALL CASH NO CONTINGENCY CLOSING
• REAL ESTATE AGENTS & BROKERS ARE OFFERED UP TO 3% TO REPRESENT
BUYERS AS BUYERS AGENTS CALL 410-957-4786 TODAY FOR DETAILS
• THIS IS A SUMMARY PLEASE READ THE UNIFORM REAL ESTATE AUCTION LISTING AGREEMENT
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