Mel Foster Real Estate Auctions Serving Eastern Iowa and Western Illinois

Buyers' Information

Real Estate Auctions are innovative and effective methods of selling real estate. It is an intense, accelerated Real Estate marketing process that involves the public sale of any property through competitive bidding.

Bidders should feel free to ask any questions about the property or about the auction process.

We try to provide our prospective purchasers with as much information as possible.

You personally control the purchase price you pay.

As a buyer you can choose whether or not to have a Real Estate agent representing you.

If you have an agent you may want to print out the Potential Bidder Registration, complete it and give it to your agent to return to our office or have your agent contact us for details about this process.

Buyers should be sure that all financing is in place prior to bidding. These properties are sold without contingencies.

As a bidder you want to be aware of the different financial terms of the particular auction that you are looking at.

How much is the earnest money down payment that you are expected to bring to the auction?
Is there a “buyer’s premium” on this auction and if so how much?
Is the property being offered Subject to Prior Sale or not?

We look forward to seeing you at one of our future auctions, and again if you have any Questions feel free to E-mail or call us. We want you to feel comfortable with the process.

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