Roebuck Auctions
Buyers Information
Roebuck Auctions of Alabama
Certainty & Peace of Mind
As the buyer, you will have the comfort of knowing that -
the property is going to be sold on the day of the auction
there are no more worries about seller hesitation
the seller has committed to selling the property that day
True Market Value
The true market value of any given item is the value for which one is willing to sell, and another is willing to buy - it is a meeting of the minds. The auction method of selling is the only method which determines the true market value of any given property. For this reason, you can rest assured knowing that you will never pay too much for a property at auction. The same cannot be said for the traditional method of selling real estate.
Accessibility & Accountability
At Roebuck Auctions, we are always available to answer your questions and address your concerns. As a neutral third party, we are able to consistently provide you with unbiased and sound information about any property or auction. You can visit our website, or reach us by telephone. We'll always be glad to talk with you.
Efficiency
You can take comfort in knowing that most real estate closings take place no later than 30 days after the end of the auction, or during another timeframe by agreement.
Available Information
To get you started, we typically prepare color brochures for each property and auction. This will start you on your way to a well-informed purchase on the day of the auction. In the case of certain properties, you may have the option of ordering a Property Information Package (PIP) from us. If such a package is available for a given property, availability will be advertised on the property's page on this site. This package is a detailed compendium of all relevant information with respect to a given property. These packages can be shipped overnight, and are available to you for a nominal charge of $25.00. As always, please call us at (877) 206-0091 for more information.
Inspection
In every case, all properties, products and goods are available for your personal inspection. We suggest that you always take advantage of these inspection opportunities, as there is no substitute for inspecting the property in person yourself. Typically all properties are sold "as is, where is". It is the buyer's responsibility to inspect the items and make their own determinations.
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Questions and Answers About Round Robin Bidding
Q: Why is the home being sold by round robin high bid process?
A: Because a bidding process allows all buyers to come to the home within a
short period of time so it provides a fast, efficient, and convenient way to
sell a home in a manner that is fair to both the buyers and seller. We need
to sell this home FAST, this is the reason for the extremely low starting
price.
Q: How does the Round Robin Bidding work?
A: The Round Robin Bidding Process is a buyer friendly approach that
eliminates all the usual risks associated with buying at auction. On
Sunday, there will be an open house from 2pm to 5pm to visually
inspect the property and sign up to participate in the bidding as well as
place an initial bid. The final bidding is held by phone on Sunday evening.
Starting at 7 pm each bidder will receive a call informing him or her of the
current bid and offering them the opportunity to increase their bid in order
to proceed to the next round. Rounds will continue until only one highest
bidder remains. Buyers will need to be available by phone Sunday evening to
receive multiple phone calls.
Q: How Do You Sign Up?
A: Come to the open house and visually inspect the home; interested, fill in
your name, phone number and bid on the bid sheet;
Q: What Are The Rules?
A: You need to visit and inspect the property during the open house.
Complete the bid sheet so that you can be contacted on Sunday evening. You
will need to be available by phone on Sunday evening beginning at 7 pm. You
will need to available Sunday at 8pm to sign the contract if you are the
winning bidder. If you are the highest bidder and you cannot comply, and
alternative arrangements are not made prior to Sunday night, we may elect to
call the next highest bidder and you may lose your chance to buy the home.
The seller may decline any and all offers not acceptable to them.
Q: How Much Do I Need For A Deposit?
A: You will need a small deposit Sunday evening only if you are the winning
bidder (usually $500). Due to the low price, we are accepting cash offers
only.
Q: What happens to the deposit?
A: If you are the successful bidder, the deposit will be written in your
contract as "earnest money" or a "good faith deposit" applied to the
purchase price.
Q: Will there be any liens or encumbrances on the home?
A: No, you will receive a Warranty Deed and the home is completely free and
clear of any and all liens and you will own the home outright.
Q: Will the Purchase and Sale agreement allow for any contingencies?
A:Yes, but you should check out the property during our "open house" inspection
period.
Q: Will we be able to find out the current high bid?
A: Yes. We will tell anyone at anytime what the current best bid is.
THE FOLLOWING IS VERY IMPORTANT!
You MUST register your name, telephone number, email address and initial bid
amount at one of the Inspection/Open House Dates/Times. Only registered
bidders can be included in the Final Round Robin Bid process and you must
enter complete information. regardless of your bid amount, you will be able
to participate in the final bidding.
Making a Bid at the Open House DOES NOT OBLIGATE you to buy the property.it
only allows you to participate in the private telephone bidding process and
establishes bidding order.
The Round Robin Final Bid Process will begin at 7:00pm via telephone. We
will call all interested bidders who registered until there is one high bid,
and no other bidder wishes to top it. All bids must be in a minimum of $500
increments. If there is more than one bid at a level, the earlier bid will
be honored.
The caller will say "Currently there are "X" number of bidders in this round
and the current high bid is $________. Would you like to advance the bid?"
You can take this opportunity to advance the bid (usually $500 increments)
and be included in the next round or decline and drop out from the bidding
(again...there is no obligation). Once you drop out we thank you for
participating and you will not be called again.
Once down to the final 2bidders (sometimes 4) we will start to inquire as to
your proof of cash funds and ability to close in under 30days).
Sale is for the Highest and "BEST" Bid/Offer. Example: an "All Cash" offer
closing in less time may take precedence over a "Higher" offer contingent
upon you getting cash from some "reserve" account. Seller reserves the right
to accept, reject or rescind any and all offers tendered. A Sale is not
finalized until a Standard Real Estate Sales Contract is executed between
Buyer and Seller and Earnest Deposit Funds have been tendered. We need to
sell this home FAST so if you show proof of funds while at the home, you
will get a great price on the home.
If you are the winning party we will make arrangements to meet with you at
the home to execute a "Standard State approved Real Estate Purchase
Agreement". Earnest Money Deposit in the amount of $500 will be due at this
time. Clear and marketable title will be conveyed by the Seller.
Get a detailed info packet on this home and get
FREE email notification of all of the properties we offer
on round robin bidding. We sell several homes with
bids starting well under market,
owned by EXTREMELY motivated sellers.