How to Buy Real Estate at Auction

Thank you for visiting our website and inquiring about our Real Estate Auctions.

• Unless otherwise noted all auctions take place on the premises (in front of the property).
• Do your own due diligence. Normally attorneys bring information such as Municipal Lien Certificates (taxes), but it not their responsibility and no representations are made with any information provided.
• Find out as much as you can about the property. Call or visit the town/city hall in which the property is located. Find out what is owed to the town/city in real estate taxes, water and sewer charges. Helpful Departments in your search would be the Assessors Department, the Collector of Taxes and the Water Department.
• Before you determine whether the subject is something you may want to purchase, drive by the property. View the subject the best you can.
• Be aware most of the time we do not have access to the inside of the property, unless otherwise stated, therefore you are bidding on the property as is. If there is a scheduled inspection of the property it will be included in the advertising. Take advantage of this opportunity
• Always take note of the required deposit and the acceptable terms.
• Have the certified funds made out to yourself unless otherwise stated.
• There are no exceptions to the required deposit so make sure you have the correct amount in cash, certified funds, bank treasurer’s check or cashier’s check. If you are the successful bidder at the auction you will be required to immediately endorse the check that will serve as a deposit, and sign the Purchase and Sale Agreement.
• The “Terms of Sale” along with deposit information will also state how many days you have to close on the property.

To find out more about our professional services or to request further information please contact Samantha Saperstein at ssaperstein@pesco.com.