Listing Info
LISTING INFO
6116 Perch Dr., Fort Worth TX 76179
What does auction mean for 6116 Perch Dr., Fort Worth TX 76179 The auction process to manage real estate sales. Multiple offers with increased transparency. The only losers are those who do not place a bid. 6116 Perch Dr., Fort Worth TX 76179 House for Sale at Auction Residential Home...
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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. Ultimately, it is the buyers own decision to...
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 inspectors, agents or the buyer...
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 the highest bid...
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 obligations as the bidder....
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 auction process. For Other...
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 compensation. For Other Questions About...
What is a Buyer Premium Concession?
This means a discount will be taken in account and announced by the Auctioneer. The announcement may be made prior to the initiation of the bidding. The Terms and Conditions may change with the Auctioneers Announcement. For Other Questions About Auctions...
How do I access the reserve?
By initiating a bid online, a notification will be sent to the bidder. In other portions of the sale the auctioneer may make verbal announcements to indicate if the reserve has been met. Otherwise, the reserve is a confidential number and must not release unless the...
What is the cheapest price that I can offer?
The minimum or lowest bid increment as indicated in the bidding platform when online bidding is in progress. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other terms and definitions related to...
Can I make an offer to buy prior to the auction?
Yes, but the seller often prefers to go through the auction process. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other terms and definitions related to real estate auctionsContactGet...
Will there be an open house preview?
Open house previews are typically scheduled for improved properties. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other terms and definitions related to real estate auctionsContactGet...
Where will the auction be held? (Date, Time, & Place)
The auction listing provides the location, date, and time. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other terms and definitions related to real estate auctionsContactGet InTouchEmail:...
Who is selling the property, and why are they selling?
Properties are sold for various reasons: estate liquidations, business dissolutions, downsizing, or ease of sale. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other terms and definitions related...
Does the bidding start at a certain price?
Not always. If no minimum is announced, bidding starts at the starting bid or the initial offer. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other terms and definitions related to real estate...
What is a minimum bid?
The announced starting amount for bidding. Minimum bids are different from starting bids. The sellers agrees to accept the price at which the minimum bid has been set. For Other Questions About Auctions & Auctioneers For all active auctions and...
How do I know if an auction is absolute?
It will explicitly state "absolute" in the auction listing. The Uniform Commercial Code 2-328 states that an auction is presumed to be an auction with reserve unless stated absolute or without minimum bid. For Other Questions About Auctions &...
What does “As Is, Where Is” mean?
You are buying the property in its current condition with no guarantees. Read the Terms and Conditions of Sale in completeness. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other terms and...
What is an “absolute auction”?
An absolute auction means the property will sell to the highest bidder regardless of price. However, there are rules that govern the offer and acceptance in strict dictation of the The Uniform Commercial Code 2-328. For Other Questions About Auctions...
What if I am a broker?
Licensed brokers can earn participation fees by registering clients in advance in accordance with the Terms and Conditions of Sale. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other terms and...
I cannot make it to the sale in person. Can I bid online? If so, how?
Many auctions offer online or telephone bidding. Check the auction terms for details. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other terms and definitions related to real estate...