Are you in the market to purchase real estate? Do you want to be treated fairly? Are you tired of ongoing negotiations with unreasonable sellers? Then buying at Auction is for you! Check out the buying at auction FAQ.
- The buyers know the seller is serious about selling their property
- Buyers determine the purchase price through competitive bidding
- Auctions eliminate the long and tiresome negotiation process
- All terms and conditions of the sale are known in advanced
- Buyers do not have to worry about contingencies.
B&M Auctioneers & Appraisers is one of the most trusted names in New Jersey Real Estate Auctions. Our goal simplifying and accelerating the buying of real estate so your dreams of owning property become a reality, quickly and easily. In addition, you can trust B&M Auctioneers & Appraisers to provide the highest degree of service tailored to each unique situation and property.
The 30 days leading up to the auction is the time for you to attend open houses of the property your interested in, get questions answered and determine your spending limit. Attend the open house for the property that you are interested in and obtain a bidder’s information package. The bidder’s information packet usually includes: Property Information, Terms and Conditions of Sale, Copy of the Contract of Sale and Survey or Tax Map.
Please feel free to set up an appointment, at a time agreeable to all parties, to have a home inspector to check the property.
You should also obtain a mortgage pre-approval since auctions are not contingent on financing. The actual auction is simply the time to offer the price you are willing to pay for the property.
As always, we recommend that you review all the information with an attorney prior to participating in the auction, all sales are final and not contingent on attorney review.