Buy

Interested in investing in real estate?
Ever thought of buying real estate at auction?

Learn about the benefits of buying at auction and how to prepare below

Benefits of Buying at Auction

  • Auction Buyers are able to determine their own purchase price
  • By bidding, participants set their own price and ultimately establish market value
  • Bidders decide when and how much to bid based upon perceived worth
  • Buyers are able to make lucrative investments purchasing auction properties
  • Buyers have an opportunity to review details about the sale and property information
  • Buyers compete under the same set of terms and conditions
  • Auctions eliminate negotiation by setting pre-determined contract terms
  • Auctions transactions close quickly and efficiently
  • Due diligence is performed in advance of bidding

 How to bid and buy property at auction:

There are several steps to taking in preparing to buy real estate at auction. All due diligence should be performed in advance of bidding and buying.

  1. Research the Property Details on Paper Physically Inspect the Property
  2. Review the Terms of Auction
  3. Pre-arrange any Financing
  4. Find Out the Required Deposit Amount and Be Prepared
  5. Determine Your Price Ceiling
  6. Ask the Auctioneer Questions
  7. Register to Bid
  8. Place Practice Bids (for online auctions)
  9. Place Your Highest and Best Bid

Thinking of selling? Know your options. Looking for help finding properties?
Get a seasoned business and agriculture professional
Click to contact Darren Bok, Agent and Auctioneer or call 419-769-2399

Ready to purchase a new home?
Buying real estate is a long and complicated process.

Below is a list of tips and steps involved in buying homes, land and farms.

TIPS and TRICKS for Buying Real Estate

  1. Start research online
  2. Prepare a file of documents needed to get financing
  3. Check your credit to avoid any surprises
  4. Determine a setting that fits your lifestyle
  5. Make a list of must-haves
  6. Start the process 9-12 months early
  7. Find a trustworthy real estate agent
  8. Get to know the marketplace
  9. Examine the prospect property
  10. Visit the property on different days and times
  11. Get to know the neighborhood
  12. Learn locations of nearby amenities
  13. Check on property taxes
  14. Identify insurance providers
  15. Get an appraisal
  16. Get an inspection
  17. Make a fair offer
  18. Communicate
  19. Pay strict attention to timelines
  20. Review the Settlement Statement before closing

Thinking of selling? Know your options. Looking for help finding properties?
Get a seasoned business and agriculture professional
Click to contact Darren Bok, Agent and Auctioneer or call 419-769-2399