Our Auction Team is always available to assist you and to answer any questions that you may have.

What is a Real Estate Auction?
A real estate auction is an innovative and effective method of selling real estate. It is an intense, accelerated real estate marketing process that involves the public sale on any property - most certainly including those that are non-distressed - through open, competitive bidding.

How will Auction benefit me?
The real estate auction is a win win proposition for everyone involved.
· Smart investments are made, as properties are usually purchased at
fair market value through competitive bidding.
· The buyer knows the seller is fully committed to sell.
· Auctions eliminate long negotiation periods.
· Purchasing and closing dates are known.
· Buyers know they are competing fairly and on the same terms as all other buyers.

How can I participate in the Auction?
Step #1 Register by filling out a bidder's registration card at the registration table and
validate your deposit check.

Step #2 Determine how much you are willing to pay for the property. Because your needs
and desires are unique, your evaluation of the property will differ from others
participating in the auction.

Step #3 As the Auctioneer progresses in his call for bids, simply raise your hand or call out
when you want to bid.

Step #4 If you have any questions during the bidding, motion for one of the auction team
members. These auction assistants are here to assist you and to respond to any
questions that you may have.

Step #5 If you are the highest bidder, immediately upon conclusion of the auction please
proceed to the contract area. One of our personnel will ask you to sign the Auction Purchase Agreement and to submit your deposit check.

Auction Definitions and Terms Absolute Auction: An auction at which the property will be sold to the highest bidder regardless of the price. There are no minimums or reserves. Reserve Auction: An auction at which the seller reserves the right to accept or reject the highest bid. Minimum Bid Auction: An auction at which the auctioneer accepts bids at or above an established minimum price that is announced prior to the auction. Sealed Bid Auction: An auction where the bids are written, sealed and presented by a specific date. The Seller, in private, then opens each bid and accepts it or rejects it. Auctioneer's Assistants: Helpers who are available before and during the auction to answer your questions and to assist you and the auctioneer in the bidding process. As Is, Where Is: The property is being sold in its current condition and location. There are no expressed or implied warranties. Registration: All bidders must register prior to the auction. Deposit: Good faith earnest money in the form of a cashier's check made payable to yourself as a bidder. Buyer's Premium: The amount added to the final bid to create the final contract or purchase price. Closing Date: The date on which the legal sale and transfer of the property occurs. Occupancy Date: The date on which the purchaser takes physical possession of the property.