Buying
Preparing to participate in an auction is easy:
- CONTACT
us for information on the specific WV or VA auction details. You
can call us 304-645-3200,
email us, or use our
online
request form.
- RESEARCH
the property up for sale in the auction.
- INSPECT
the property. Check with us to see if we have conducted
any inspections, or schedule a private site viewing. By
taking the time to view the property yourself, you will
know exactly what you're bidding on.
-
PRE-QUALIFY for the mortgage with your lending
institution of choice. By knowing your mortgage
qualifications, you can ensure that you can pay for the
property on which you are bidding.
- ATTEND
an auction in your area. Auctions can be very fast
paced, and being familiar with the process will allow
you to be prepared and confident as a bidder.
-
DETERMINE your bid limit based on your viewing of the
property and all your research of the property.
- REGISTER
to bid. Arrive early for the auction to allow time for
the registration process, as well as to take advantage
of staff on site to ask any other questions you may have
about the property.
- DEPOSIT.
Be sure to bring cash or a certified or bank check for
the bid deposit that is required if you are the winning
bidder at auction.
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Selling
There are several
advantages to selling your property through an auction:
- One of the
fastest ways to sell any type of property is through an auction.
You have an audience of interested buyers brought together in
one place at one time.
- The faster the
property sells, the more profit you stand to make. By selling
the property quicker, you eliminate the costs associated with
holding the property: taxes, insurance, maintenance and
liability costs.
- Traditional real
estate sales set a price and then bargain lower. By selling real
estate at auction, you set the price and then bargain higher,
increasing the potential profit.
- Auctions provide
tons of exposure, compared to conventional sales. Customers are
exposed to the property through the promotion of the auction,
which are often greater and more concentrated that typical real
estate sales promotion.
- By selling via
auction, urgency to buy is created. The opportunity to buy the
property is now, so buyers are encouraged to take advantage of
the purchase immediately.
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If you have any
questions or would like more information, please contact us
304-645-3200,
email us, or use our online
request form. |
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