Buying at Onsite Auction
Contact the Auctioneer:
The Professionals at Rowell Auctions, Inc. are prepared to supply you with information, over the telephone (800.323.8388) concerning specific properties as well as the auction process itself. Take a minute and contact us now.
Do Your "Homework:"
Find out as much as you can about the property.
Inspect the Property:
Take full advantage of any inspections conducted by Rowell Auctions, Inc. or schedule a private site viewing. This will allow you or your representative to see firsthand what you are bidding on and help determine value and desirability. This allows you to bid with confidence.
Increase your comfort level by knowing your mortgage qualifications. Even before you decide on a property to buy, you should prequalify yourself through your banker. There is never a mortgage contingency in a real estate auction. It is best to know you can pay for the property before you bid. Now you can be able to bid with confidence!
Attend an Auction:
Check the local newspapers or join our mailing list for auctions in your area. Attend and observe one or more auctions and familiarize yourself with the process before you attend an auction as a bidder. The auction process happens quickly, so knowing what to expect is important, when your time comes to buy. If you can’t find an auction, call us 800.323.8388.
Plan Your Bid Strategy:
Determine your bid limit after examination of the property and all available information. Don’t be afraid to bid early. Most other bidders will be willing to pay just as much as you. The one who bids the number first, wins that day.
Register To Bid:
On auction day, it is to your advantage to arrive at the auction site 1 hour before the auction. By doing so, you will have more time to consult with on-site staff who are prepared to assist you with your last minute questions regarding the property and the auction process. Upon completion of registration you will receive a bid number, terms of the sale, and other important auction day information.
Bring Required Deposit:
If you are the successful high bidder at an auction, you will be required to affirm your bid with a signature and deposit. All deposits must be in earnest money form, i.e. cash, certified or bank check. Deposit requirements and amounts are clearly listed in the "TERMS" section of all Rowell Auctions, Inc. advertising.
Until you have won or reached your limit. There can be only one winning bidder for the property. You cannot buy at your price unless you BID your price.