The Sellers' of these Properties have chosen the Accelerated Marketing Method in order to sell their properties in an expedient and timely manner. Part of their reasoning includes the enormous amount of holding costs to maintain the properties (e.g., real estate taxes, insurance, association dues, the cost of money, etc.). With these sales, both the buyers and the sellers should be pleased. The Buyer(s) should be able to obtain these properties at a very reasonable price. The Sellers will be able to alleviate their tremendous burden of carrying costs.

Properties offered at Absolute Auction will be sold to the highest bidder, regardless of price, with no minimums and no reserves!

Properties that are sold subject to the Seller's confirmation are offered with the Seller reserving the right to reject a top bid for any or all of the properties. If the brochure does not reflect "Absolute" in the property, then it will be sold subject to Seller's confirmation. However, Sellers spend a great deal of time and upfront money on an Accelerated Marketing Program. They are definitely motivated to sell!

The Buyer should always have their attorney do a title search on the property prior to closing. We always guarantee a free and clear marketable title.

In an Accelerated Marketing Program when numerous properties are involved, errors are possible. Again, buyers must rely on their own inspection, judgment, records and own information. As indicated in the brochures, all announcements from the Auction block will take precedence over any previously printed material or any other oral statements made. All sales made by the Seller are on an "As Is"- "Where Is" basis and without representation or warranty of any nature whatsoever. The answer to the above question is "no".

Buyers purchase the Properties with no guarantees in regards to the condition of the properties. Buyers shall rely entirely on their own information, judgment, and their own inspection of the properties. You are guaranteed a free and marketable title.

Often we utilize a Buyer's Premium (check specific Auction and Sealed Bid Terms and Conditions). Simply stated, if the bid is $200.00 (example only), the total contract price would be $220.00. If you are unsure of this concept, realize if you want to purchase the property for right under $200.00 - bid $180.00. The total contract price would read $ 198.00 and you will have saved $ 2.00!

A) Execution of contracts will be handled by on-site Licensed Real Estate staff.
 
B) Potential Bidders can view and inspect properties by themselves (at their own risk for vacant land parcels) or attend scheduled previews indicated in the brochures (improved properties only). 
 
C) Each Top Bidder signs the Real Estate Sales Contract without any changes, additions, or modifications, and endorses a cashier's check deposit (per property) the day of the sale. Additional funds required (if any, for the required 10% deposit) may be paid by personal or local / company check. Often the immediate back-up bidder will be required to execute a Real Estate Sales Contract and escrow the bid deposit.
 
D) Please make sure that you make your cashier's check deposit in your own name, unless otherwise indicated. This will make it easier to re-deposit, should you not be the successful high bidder.
 
E) All Buyers are urged to review all documents necessary for the transaction within the Property Information Packages. Property Executive Summaries are also a part of the Property Information Packages.
 
F) All announcements made Auction day take precedence over any written or advertised materials; however the Real Estate Sales Contract as executed shall be controlling.
 
G) Pierce Auction Service and Real Estate, Inc. and the Seller wish you the best of luck in the bidding process.
 
H) Call Auctioneer - Broker 1.800.650-2427 for your next auction sale. Cell-phone (336) 813-3333