by Myers Jackson | Jan 7, 2025 | Auction News
How much should I offer for the property? The amount offered is a decision for the buyer. The buyer may gain assistance from an appraiser, real estate agent, retain a broker price opinion or consider valuation models to help determine the price the buyer would pay....
by Myers Jackson | Jan 7, 2025 | Auction News
Can I inspect the property? The Uniform Commercial Code provides for reasonable inspection. In most cases the auctioneer will open the property in advance for such inspection. Inspection periods may take places with a scheduled appointment by contractors, licensed...
by Myers Jackson | Jan 7, 2025 | Auction News
What is Match The BID? When the seller observes the bidding process, at t any point the seller may accept the bid as presented. If the bid is less than the reserve, the seller, upon such observation the seller may order the auctioneer to reduce the reserve and match...
by Myers Jackson | Jan 6, 2025 | Auction News
Can the agent bid for me? Only under strict authorization with power of attorney give permission for an agent to bid for a buyer. If the agent bids outside of these bound the agent is responsible for the actions taken to bid on the property and must fulfill the...
by Myers Jackson | Jan 6, 2025 | Auction News
Can I stop other people from bidding? No such interface is prohibited. The Department of Justice pursues criminal actions for this behavior that includes bid suppression, bid rigging, payoffs, conspiracy, or any conspiracy to interfere with any portion of the...
by Myers Jackson | Jan 6, 2025 | Auction News
Does a real estate agent get paid a commission or BAC? In most cases, yes. A Real Estate Broker or the Brokers Agent must announce the buyer in advance. In most cases there are forms or a certain procedure that is required. Procuring cause must be proved to receive...
