What Buyers Should Know

• Get a pre-qualified loan so you can bid with confidence
• Take time to understand the auction process
• Devise a bid strategy
• Homes are sold with a 10% buyers premium
• Bring a bank draft and / or cash to cover buyers premium
• Buyers premium is not refundable
• Closing on the property will be in 30 days
  

Sample Guarantee Letter: As a customer of this bank, we will guarantee payment of checks drawn on account #____ to include and not to exceed the aggregate amount of $______ for purchases at the auction of Harris Auctioneers, Inc. on _______date in _____ county in _______ state.

Sellers

What Buyers Should Know

• Auctions Last about Two Hours
• Auctions bring a True Market Value
• Auction Method of Marketing = Time is Money
• Auctions Draws Attention to your Property
• Creates it’s own Market
• Creates its on Urgency
• Stops the Carrying Cost of the Property
• Holding Cost such as Mortgages, Taxes, Insurance and maintenance, reduced
• Selling at Auction means Action and Opportunity
• No Contingency Contracts
• No Broker will ask you to lower the Asking Price of your property because they listed it too High