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You should always carefully review the terms and conditions applicable to the auction in question, but most of our auction sales are conducted with the requirement that the buyer sign a non-contingent contract. If you would like to buy on other terms, consider making a pre-auction offer. Some of the terms our sellers consider include:
- financing and other contingencies
- seller-paid closing costs
- seller credits
- seller financing
- no Buyer's Premium
- FHA-friendly deposit terms
Incentives such as these are generally not available on auction day. If you are truly interested in a property we recommend that you contact us immediately and remain in contact with us through the auction sale date. If we don't know you are interested, we won't alert you when the seller is considering pre-auction offers.
We are legally bound to present any and all offers to the Seller at the time presented. And, although we try not to encourage pre-auction offers unless they are exceptional, we must present them, regardless of when, how, or from whom they originate. If you want a Seller to consider canceling an auction sale, we suggest you submit your offer on our approved Offer Package which is available by contacting our office. Registered users can also download this package from the Documents/Due Diligence section on the auction detail page. Register with us by clicking here. To submit a non-contingent offer for immediate presentation to the seller, use the "Make Offer" function. To include contingencies in your offer, write them in on our form. Non-contingent offers may be submitted as online bids by proxy.
The terms of all offers will be disclosed to all interested parties who have expressed an intent to bid on the Property. Although an auction event is always the intent of TRAC, the ultimate goal is to sell a property for a price satisfactory to the Seller. If the Seller does sell the property, we will provide notice to those parties who did express an intent to bid.
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