The real estate auction method is an excellent marketplace for "shopping" for your new home. The active auction market is where Home Buyers actually determine the final price and value of the real estate purchased.
Most people do not think of buying a home at an auction but rather shop for their home very traditionally buying a home at our auction is a very viable buyer's strategy. Here's why:
What are the Advantages to a Buyer in an Auction Situation?
At a Father Time® auction the buyer knows the seller is fully committed to sell. Our auction agreements obligate the seller to transfer title to the highest bidder in an absolute auction; likewise the auction agreement obligates the seller to transfer title to the highest bidder that meets or exceeds the reserve price in a non-absolute offering. Our buyer knows he is getting the property at a fair price. A buyer feels committed to the purchase knowing that there is a contending bid just one increment under the purchase price. A buyer can withdraw from the bidding at any time prior to the final gavel. The buyer can see many offerings in the same place at the same time which enables him to make market comparisons quickly and easily.
Other benefits are:
• Buyers set their own purchase price.
• Auctions eliminate long back and forth negotiation periods.
• Auctions reduce time needed to purchase property.
• Buyers do not have to worry about contingencies because purchasing and closing dates are known in advance of the sale.
• Buyers can receive favorable pre-sale financing.
• Due diligence is performed in advance of the sale.
"Am I getting a bargain?"
Think of it this way - buyers get exactly what they want, at a cost of only one bid higher than someone else was willing to pay.
If you want to learn more about buying a home or an investment property at an auction, please
call our Father Time® Real Estate Broker, Rick Bauer at 314-614-3841 mobile.
OR Tell your Agent to call us
Broker, Realtor and Salesperson participation is encouraged Broker-Agent Participation Sign Up Form
Home Office:
Rick Bauer, Auctioneer, AARE, Realtor, GRI, CRTS, CES, CAGA
Paul Roesch, Auctioneer, AARE, Broker, Agent, CDPE, CES, CAGA
FatherTime®Auctions
2850 Lawndell Drive
St. Louis, MO 63144
314-962-4200 office
314-614-3841 mobile
314-962-2573 fax
Paul Roesch mobile 618-407-8479
proesch@fathertime.com
rbauer@fathertime.com
www.fathertime.com
Please use the links below for more information on buying at auction:
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National Auctioneers
Association |
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Illinois State
Auctioneers Association |
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Missouri Professional
Auctioneers Association |
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Realtor |
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Realtor Graduate
Realtor Institute |
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Certified Appraisers
Guild of America |
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Accepted Credit Cards |
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