Listing Info
LISTING INFO
What do I need to bring to register as a bidder at one of your auctions?
A government-issued ID is required. Check the terms for additional requirements. Verification of the individual bidding will be important to the process. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other words and...
Can I preview the auction property/items before bidding?
Yes, preview times are usually available. The auctioneer makes the schedule, the property is open for inspections in most cases. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other words and definitions related to real estate...
What time do auctions start? Auction ends when…
What time do auctions start? Auction ends when... Real estate auctions starting times are scheduled by the Auctioneer. Online Auctions start and end at different times. The Schedule of Events dictate the start of the Auction. Pay attention to each sale. Each sale has a schedule of events. These...
Are auctions only for distressed or discounted properties?
No. Auctions include properties from private individuals, luxury property, residential homes, land and ranch, farm properties, corporations, and estates, not just distressed situations. For Other Questions About Auctions & Auctioneers For all active auctions and properties for...
When do you have auctions?
Auctions are held continuously. Signing up for email alerts is the best way to stay updated. Check the bidding pages at MyersJackson.bid :|: Watch for the RED LIGHTS (reserve not met) and GREEN LIGHTS (reserve met). For Other Questions About Auctions & Auctioneers For all active...
What is a bank letter of credit?
A letter that may be required at some auctions to show you are approved for a certain amount. The bank letter of credit guarantees the bank will pay the amount of money required. The bank letter of credit is a powerful instrument when it comes to guaranteed payment. For Other...
What is a buyer’s premium?
A buyer’s premium is a fee added to your bid price to create the contract price. Buyer’s Premium may be found in other articles within these webpages. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other words and definitions...
I want to go to an auction. What should I know before I bid?
Understand the terms of the auction and set a budget to avoid getting caught up in the excitement. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other terms and definitions related to real estate auctionsContactGet...
How do I become an auctioneer? What’s the path for starting the career?
Start by practicing the chant and improving over time. Schools in Iowa, Montana, Texas, Ohio, Indiana, and Florida offer professional auctioneer training For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other words and...
What do auctioneers say?
The fast talk you hear is called the "chant," spoken at about 600 words per minute. Filler words are used between the asking prices. The auctioneer announces the money that has been bid and the amount the auctioneer is asking. I have bid 100 dollars and now asking 125. This is a continual process...
Our Latest Listings
Lock-In Rate
Lock-In Rate A written agreement guaranteeing a specific mortgage interest rate for a certain amount of time. Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and properties for sale...
Loan-To-Value (LTV) Ratio
Loan-To-Value (LTV) Ratio The relationship between the loan amount and the value of the property (the lower of appraised value or sales price), expressed as a percentage of the property’s value. For example, a $100,000 home with an $80,000 mortgage has an LTV of 80...
Closing Costs
Closing COSTS The upfront fees charged in connection with a mortgage loan transaction. Money paid by a buyer (and/or seller or other third party, if applicable) to effect the closing of a mortgage loan, generally including, but not limited to a loan origination fee,...
Loan Origination Fees
Loan Origination Fees Fees paid to your mortgage lender or broker for processing the mortgage application. This fee is usually in the form of points. One point equals one percent of the mortgage amount. Real estate words and definition For other words and...
Loan Origination
Loan Origination The process by which a loan is made, which may include taking a loan application, processing and underwriting the application, and closing the loan. Real estate words and definition For other words and definitions related to real estate auctions...
Liquid Asset
Liquid Asset A cash asset or an asset that is easily converted into cash. Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and properties for sale ContactGet InTouchEmail:...
Closing Agent
Closing Agent The person or entity that coordinates the various closing activities, including the preparation and recordation of closing documents and the disbursement of funds. (May be referred to as an escrow agent or settlement agent in some jurisdictions.)...
Lifetime Cap
Lifetime Cap For an adjustable-rate mortgage (ARM), a limit on the amount that the interest rate or monthly payment can increase or decrease over the life of the loan. Real estate words and definition For other words and definitions related to real estate...
Closing
Closing The process of completing a financial transaction. For mortgage loans, the process of signing mortgage documents, disbursing funds, and, if applicable, transferring ownership of the property. In some jurisdictions, closing is referred to as “escrow,” a process...
Lien
Lien A claim or charge on property for payment of a debt. With a mortgage, the lender has the right to take the title to your property if you don’t make the mortgage payments. Real estate words and definition For other words and definitions related to real...
Clear Title
Clear Title Ownership that is free of liens, defects, or other legal encumbrances. Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and properties for sale ContactGet InTouchEmail:...
LIBOR-Index
LIBOR-Index An index used to determine interest rate changes for certain adjustable-rate mortgage (ARM) plans, based on the average interest rate at which international banks lend to or borrow funds from the London Interbank Market. Real estate words and...
Change Orders
Change Orders A change in the original construction plans ordered by the property owner or general contractor. Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and properties for sale...
Liability Insurance
Liability Insurance Insurance coverage that protects property owners against claims of negligence, personal injury or property damage to another party. Real estate words and definition For other words and definitions related to real estate auctions For all...
Chain of Title
Chain of Title The history of all of the documents that have transferred title to a parcel of real property, starting with the earliest existing document and ending with the most recent. Real estate words and definition For other words and definitions related to...
Liabilities
Liabilities A person’s debts and other financial obligations. Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and properties for sale ContactGet InTouchEmail: 411@myersjackson.com Phone:...
Certificate of Eligibility
Certificate of Deposit A document issued by the U.S. Department of Veterans Affairs (VA) certifying a veteran’s eligibility for a VA-guaranteed mortgage loan. Real estate words and definition For other words and definitions related to real estate auctions For...
Lease-Purchase Option
Lease-Purchase Option An option sometimes used by sellers to rent a property to a consumer, who has the option to buy the home within a specified period of time. Typically, part of each rental payment is put aside for the purpose of accumulating funds to pay the down...
Fixed-Period Adjustable-Rate Mortgage
Fixed-Period Adjustable-Rate Mortgage An adjustable-rate mortgage (ARM) that offers a fixed rate for an initial period, typically three to ten years, and then adjusts every six months, annually, or at another specified period, for the remainder of the term. Also known...
First-Time Home Buyer
First-Time Home Buyer A person with no ownership interest in a principal residence during the three-year period preceding the purchase of the security property. Real estate words and definition For other words and definitions related to real estate auctions For...