Can
anyone attend a Bowman Realty & Associates auction?
Sure! All Bowman auctions are open to the public,
but remember the registration and funds requirements in order to be eligible
to bid.
Why is this property being sold at
auction?
The typical seller in our auctions is a motivated
Seller who desires to shorten the time to sell their property by selecting
the auction method of selling and "setting" the date on which their property
will sell. Most properties are not foreclosures nor are the owners in
bankruptcy.
What is the asking price and what is it
appraised for?
The beauty of the auction method of selling is that the buyer
gets to bid what they think the property is worth, not what someone else
thinks it is worth. Typically, we do not know the appraised value. You set
your own limit on price.
How do I qualify as a bidder on auction
day?
You are required to register upon arrival. Be prepared to
deliver a cashier's check or certified funds in the amount required for each
property and to sign a contract to purchase the property that calls for
closing within 30 days of the auction.
How may I inspect the properties to be
sold?
For all homes and for commercial property, call our office
(800-541-5976) for an appointment. If you desire to have a home inspector
look at the home, please feel free to engage one at your own expense.
Are there any minimum bids?
There are never minimum bids. Properties marked Absolute
will be sold regardless of price. Other properties will be sold subject to
seller's confirmation; however, the seller's will be present at the auction
and will make an immediate decision on most properties. Our history is that
over the years, over 80% of the bids were accepted the day of the auction.
