Broker Participation
In the case of a real estate purchase at auction, you should decide whether or not you wish to be represented by a real estate broker. If so, we will work with you, and your broker, to complete all the necessary registration well in advance of the auction, to ensure that your purchase goes smoothly. Please call 888-763-2825 for more details.
Financing
If your purchase requires financing, it must be arranged prior to the auction. We will work with you to ensure that you explore all possible financing options, and select the one that is right for you. All real estate which we sell at auction is sold with no contingencies.
Registration
For all of our upcoming auctions, we will have general registration information posted on our website. Simply visit the “Upcoming Auctions” section, and select the appropriate auction to learn about all the required registration details. As always, we are available should you have any questions or concerns. You may call us at (888) ROEBUCK (888-763-2825).
Auction Day
On the day of the auction, it is always best to arrive approximately one hour early. This will give you the opportunity to conduct a final inspection of the property in question, and will also allow you to meet our on-site staff. At this point, we can address any remaining questions or concerns.
Also, remember the advantages and benefits of attending our auctions:
- No obligations associated with attending
- All our auctions are free to attend
- All our auctions are open to the public
- No risk on your part to attend
Bidding
First, determine, in your own mind, the maximum amount that you are willing to pay for any given property. Solidify this figure in your mind. This way, you can be assured that you won't fall victim to an impulsive purchase or bid.
Next, listen to the auctioneer before the auction begins. The bidding process will always be explained in detail before the auction begins, to ensure that all those attending can participate confidently. Before the auction begins, the auctioneer will typically conduct a "mock auction" which demonstrates the auction process through the simulated selling of a given item. This helps to clarify and illustrate the process for those unfamiliar with it.
Now is the time to bid! The auction setting is the very definition of fast-paced business. For this reason, you must always be ready to signal your bid quickly and aggressively. Don't miss out on a great purchase because of a hesitation in bidding.
If you are the successful bidder - congratulations! You will meet with the seller and Roebuck Auctions representatives immediately after the auction to pay the required, pre-defined deposit, sign the purchase contract for the remaining balance, and complete all necessary documents. In most cases, a closing will be scheduled within 30 days.
Paying
In the case of each auction, payment information will always be available on our website. Simply visit the “Upcoming Auctions” section of the site, and select the appropriate auction to review the payment details therein.
In the case of real estate, 10% of the final purchase price is due and payable at the conclusion of the auction. This amount is payable in cash, by certified or cashier's check, or by a personal or business check accompanied by a letter of guarantee from the Bank upon which the check is drawn. In cases of automobiles or equipment, payment is typically accepted by Visa, MasterCard, cash, by certified or cashier's check, or by a personal or business check accompanied by a letter of guarantee from the Bank upon which the check is drawn.
Finally, it is always recommended that you visit our website or call us to review payment details to ensure that everything goes smoothly for you on the day of the auction.
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