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BASIC RESIDENTIAL HOME AUCTION WITH RESERVE $3,495.00: Each "average" residential home sold Subject to confirmation, or reserve where the owner submits a reasonable secret reserve price above which the property will be sold to the highest bidder, or if the price is not met, the seller has up to 48 hours to accept or reject the high bid $3,495.00 each property. Ask if your home qualifies 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.
Each "average" residential building or home sold subject to confirmation, or
'secret' reserve where the owner submits a reasonable secret reserve price above
which the property will be sold to the highest bidder, or if the price
is not met, the seller has up to 48 hours to accept or reject the high
bid $3,495.00 each property. (quantity discounts apply)
National Auctioneers Association legal definition of auction with reserve:
An auction in which the seller or his agent reserves the right to
accept or decline any and all bids.
A minimum acceptable price may or may not be
disclosed and the seller reserves the right to accept or decline any bid within
a specified time.
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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