Real estate auctions allow you to name your price!
If you are in the market to purchase real estate of any description, purchasing at auction is a great way to close faster and at your own pre-determined price. You set the price you want to pay and will be pre-qualified before the auction begins. Knowing the property will sell on a specific day no matter what, you can enjoy the benefits of an accelerated process, no lengthy negotiations or counter-bids, and a short time to closing.
You set the price
When you express an interest in one of our properties you will be given access to all information related to the property and the sale, giving you the opportunity to go over everything there is to know before the auction begins. You can then decide how much you want to pay, and if you win the bid, you can be confident in knowing you didn’t overpay.
Our sellers are motivated
When a seller enters into an auction agreement with us, they are committed to seeing the process through to the end. Buyers and sellers can both look forward to a straightforward transaction and a closing date no later than 45 days following the sale at auction.
All the information you need
Each and every property we sell at auction has its own web page on our site. Each page contains professionally rendered photographs, virtual tours, floorplans and detailed information about the property. Print brochures for most of our properties are also available on request.
Properties are available for inspection at your convenience
Since all auction properties are offered as-is, it is up to you to perform your due diligence. This can include personal or professional inspections conducted at your expense. A professional property inspection is highly recommended as all sales are final and non-negotiable. Auction representatives can be available during your inspection to address any concerns that might come up in the process.
How to register as a buyer for a real estate auction
Each and every property we auction has its own terms as specified by the seller. If you agree to the terms and would like to participate in the auction, you will be required post a certified check made out to the seller prior to bidding. Registration begins approximately an hour before auction time. If you have any lingering questions or concerns, they can be addressed at this time.
How to bid in a real estate auction
Ensure that all of your questions are answered prior to the auction start time. Decide the maximum amount you want to pay given various circumstances and be ready to act quickly to enter your bid – any hesitation on your part may result in missed opportunity!
What happens if you win the bid
If your bid is successful, you will be required to meet with a representative of Stanley J. Paine Auctioneers to finalize the documentation. Your deposit must equal a minimum of 5% of the winning bid and must be entered within 48 hours after the auction.