How To
Selling real estate at auction is as easy as 1-2-3.
1.) Contact us; call or email our office or one of our friendly auctioneer/realtors. Each real estate auctioneer is experienced and professionally trained, fully prepared to represent your best interests in the auction process. You will come to understand the process completely, including the risks and rewards of selling your real property at auction. If you have a real estate agent representing you on an existing listing, he or she too can participate by way of our broker co-op program.
2.) Hire us; once you decide to contract with Coldwell Banker King Thompson we will begin the auction method of marketing. Our Real Estate Auction Action Plan guides us from start to finish and assures you that all is done to lift your property upon a groundswell of interest and excitement.
3.) Relax and follow along the Action Plan. We communicate weekly with our clients, or more if you like to talk “auction” like we do. Sit back and watch as we put our sales experience and successes to the test. Your closing date is fast approaching so contact us today!
How to buy real estate:
Buying real estate at auction is as easy as 1-2-3.
1.) Find the real estate you want to buy that we are selling at auction, on our website or www.realtor.com and then show up for open houses or on auction day to bid and buy. When registering to bid at the auction you will need your method of payment and picture ID, such as a driver’s license. Usually the down payment required on a real estate auction is at least $2,000 so contact us first or read the terms of the auction on the auction website. Please feel free to ask questions about the process or anything that is of concern to you. You will receive a bidder packet that has all the pertinent forms in it that comply with Ohio Real Estate Law. Inspecting the property is your responsibility so make all arrangements before auction day. There are plenty of qualified home inspectors in the Columbus area who are eager to assist. Also home warranty protection can be purchased from third party providers for as little as $375.
2.) Bid. Once you are registered to bid and when the auctioneer opens the bidding, make sure you are “in” the bidding, one of the active participants. Be an active bidder and not a silent observer. Make sure the auctioneer knows your intent and interest in bidding. If the auction includes Absentee, Phone and/or Internet bidding, contact our office at least one day before the auction to register. At Coldwell Banker King Thompson, we want fully informed buyers bidding on the real estate they want to own.
3.) Buy. At auction one bids to buy and once you have become the successful high bidder you will be directed to an area to execute the Real Estate Purchase Agreement and other required forms by signing and paying the down payment as spelled out in the auction terms. Expect the closing to be 30-45 days from the auction.
How to sell personal property:
Selling personal property at auction is as easy as 1-2-3.
1.) Contact us; call or email our office or one of our friendly auctioneers. We are experienced, professional and adept at helping others gather information about selling at auction. Count on an enjoyable and fact-filled conversation.
2.) Hire us; once you decide that Auction Ohio and the auction method of marketing are right for you, we will arrange to receive or pick up your items to sell at our gallery. Should it be an onsite auction, our auctioneer will be your contact person and our commander onsite. You will be “in the loop” as we know that communication benefits us all.
3.) Relax and watch for the mailman; your settlement check will be in the mail promptly. You choose to whom the check is payable and where to send it and we’ll do the rest. Sit back and let our respectful and careful auction staffers work efficiently on your behalf. An accurate accounting will be provided with your settlement check.
How to buy personal property:
Buying personal property at auction is as easy as 1-2-3.
1.) Find the auction you want to attend on our website and show up on auction day with your method of payment and picture ID, such as a driver’s license. You will receive a bidder number to use at the auction.
2.) Bid. When your item comes up for auction be ready to say “yes” or otherwise signify your intent to accept the bid being offered by the auctioneer. If you are not sure what amount he is asking for, just get his attention and ask. At Auction Ohio we want fully informed buyers bidding on the wide selection of quality property being sold.
3.) Buy. At auction one bids to buy and once you have become the successful high bidder and after you are finished buying, take your bidder number to the cashier and check out. We accept cash and checks with proper ID and often accept major credit cards. When you become the successful high bidder you also become the buyer and as such you are legally obligated to complete your purchase. Simply pay for the item(s) and take your newfound merchandise with you.
Whether you are looking for a “deal” or for that special item that may only appear on the market once in your lifetime, Auction is the venue. Thousands of local people have patronized our personal property auctions and thousands more via the Internet. You too are encouraged and welcome to attend an Auction Ohio auction at our gallery or a location near you.