You probably saw the historic Victorian cottage in Mt. Washington we featured last week that goes to auction in just two days! Auctions present a great opportunity to purchase a property at real market value, but if you plan to bid you must be prepared. It’s best to pre-register if you know you’ll attend. Pre-registering will save time and hassle, and it’s a good way for the auction company to give you updates. If you’re a realtor representing a buyer, fill-out the Broker Registration form to be sure you qualify for your commission.
If you plan to bid, make sure you have the required deposit ready to submit if you score the winning bid. If you need to finance the property, it’s absolutely imperative to pre-qualify for financing and it’s best to work with a lender who can offer a quick turn-around and is familiar with the auction process. A.J. Billig has relationships with many local lenders who will make the process as painless as possible.
Watching an auction is an exciting process, and with such a desirable property, this is a great time to just go for it.
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