Copyright 2014© Melonas & Associates Real Estate Group
Certainly, Harcourts USA recommends you have an inspector review the property; however, this is required to be done prior to auction. All properties involved with Harcourts USA Brady & Co Auctions are available for preview and inspection. Anyone who wishes to undertake their own inspection, should contact the listing agent to arrange a suitable time
Who is responsible for closing costs?
Closing costs can vary. Potential purchasers should review the Sale and Purchase Agreement for each specific auction property.
I am interested in bidding on the property; however I will not be able to make it to the auction. Can I have someone else bid on my behalf?
Prepare yourself to Bid
How to prepare yourself to Bid at Auction
1. Know the Terms:
Make sure you are familiar with the Terms and Conditions of Sale prior to bidding at the auction. Terms and Conditions are vary slightly for each property; however, you will find a standard example document here. Please contact the Harcourts Listing Agent for specific Terms and Conditions.
2. Inspection Perfection
Property inspection is an essential part of the buying process and it’s worth visiting the property several times so you can be sure the property is right for you. The Harcourts Agent will regularly hold “Open Homes” throughout the campaign. This is the best time to visit and property and receive all information about the auction
3. Do your due diligence.
Standard Auction Terms of sale are not subject to any contingencies, and is sold on an “AS IS-WHERE IS” basis. Harcourts will make available comprehensive property information and disclosures; however, you are required to complete your own due diligence and be able to close escrow within 30days after the auction.
4. Arrange the deposit.
Deposit terms vary from property to property, therefore see the auction terms and conditions, as the deposit will often be required to be paid on the day of the auction or even prior to.
And lastly and most importantly, don’t forget to register. All registration documentation can be obtained from the listing agent prior to auction or register auction day - don’t forget your ID! Should you not be able to make it to auction day, you can even register someone else to bid on your behalf, provided all documentation is filled out prior to auction day.
Registering to Bid
How to Register to Bid
In order to ensure you are completely prepared for Auction Day, Harcourts USA auctions recommends you register prior to Auction day, this will give you plenty of time to review the Terms and Conditions and avoid the crowds at the registration desk on auction day. Please note however you are more than welcome to register on Auction Day and Harcourts agents will be there to assist you in the process.
I would like to register prior to Auction Day?
If you would like to register prior to auction day, you will find the registration form within the Auction Information Pack, which you can obtain from the Harcourts Listing Agent. You will need to complete the Bidding Registration Form and sign the Terms and Conditions. Once completing all documentation, you will need to scan, email or fax these documents to the Harcourts Listing Agent, along with a copy of your personal identification featuring your name, address and photo identification - A driver’s license or passport is preferred. Please note the Agent may request additional proof of your address.
If you register prior to auction day, you will not receive your Bidder Paddle until the day of auction. When you arrive at the auction, please see The Harcourts Team, provide them with proof of your identity and registration, and you receive your Bidding Paddle Number at that time. This Bidding Paddle must be displayed by you to the Auctioneer when making a bid during the course of the auction. Please see “How to Bid” for further information.
If you would like to register on auction day, remember the property may be busy, therefore ensure you arrive early to complete the process and prepare yourself for bidding. Upon arriving make your way to the registration desk or introduce yourself to a Harcourts Agent who will point you in the right direction.
In order to register you will need to provide the Harcourts Team with your Name and Residential Address and photo identification. A driver’s license or passport is preferred. Please note if required the agent may also request further proof of your current address.
You will need to complete the Bidding Registration Form and sign the Terms and Conditions. The Harcourts Team will keep all signed documents and provide you with a Bidders Paddle number.
The Harcourts Team will record these details in a bidder’s registration book and provide you with a bidder number. This Bidding Paddle must be displayed by you to the Auctioneer when making a bid during the course of the auction. Please see “How to Bid” for further information.
You do not have to bid just because you have registered, but you must be registered if you intend to bid.
I would like to register on Auction Day?