They start by helping you search for properties that fit your needs. Once you have identified the property you intend to bid on, your agent will set up a time that is convenient to show you the property. This is the time for you to thoroughly inspect the property. It is advised to bring a contractor or a construction professional. When you purchase a home from auction all sales are final, so you really want to take the time to make sure that you know just what type of repairs are needed so you can budget accordingly.
When you purchase a home from auction the opening bids start well under market value. Many of these homes have no reserve, so if your winning bid is significantly lower than the banks anticipated, they will still honor your offer. Many of the auctions require an entrance fee and all bids must be paid for upon winning. That is why your Greatland Agent, will also help you with finding the best financing. You can bid in confidence knowing the exact dollar amount you can offer.