- AUCTION PROCESS
Prospective Buyers Must:
- preview the property in advance of the auction
- review the disclosures prior to (purchase) sale and sign a receipt for the disclosures
- make such additional inspections as buyer deems necessary
- sign the "Bidders Agreement" terms and conditions present cashiers check (generally $15,000) to First American Title (checks will be returned to unsuccessful bidders)
- obtain a DGW Auctioneers Auction Bidder Number
- present proof of funds to close in the form of a Pre-Approval Letter or Bank Letter of Credit or Copy of Equities on Account
- be prepared to increase the deposit amount to 10% of the sale price realized within 10 days of the auction
- present a valid ID such as a Drivers License or Passport
- OFFERS
- written bids may be submitted prior to the Auction
- if using a realtor/agent, one must submit a Buyer Agency Form
- B/A Agreement Form is supplied with bidders agreement
- written bids (not verbal) will be submitted during the actual auction if bidders have completed the above requirements and deposited a Cashiers Check with DGW Auctioneers
- phone bids may be accepted during the auction if bidders have completed the above requirements and deposited a Cashiers Check with DGW Auctioneers. DGW Auctioneers staff may call the bidder and execute bids on his/her behalf whilst the auction is being conducted
*NOTE: items above subject to change prior to the Auction date*
- CLOSE OF ESCROW
Close of Escrow at a reputable Title Company using conventional allocations of costs for Buyer and Seller as customary for each county.
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