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Buyers Guide
Everything you need to know about buying real estate at auction in Pennsylvania. From registration to closing, we'll guide you through every step of the process.
The Buying Process
Follow these six essential steps to successfully purchase your property at auction
Research & Register
Create your free account and browse available properties. Review property details, photos, and documentation.
Property Inspection
Schedule and attend property inspections. Review all due diligence materials and property disclosures.
Financing Pre-Approval
Secure financing pre-approval from your lender. Understand your budget and bidding limits.
Bidding Strategy
Develop your bidding strategy. Set your maximum bid and understand the auction terms and conditions.
Place Your Bid
Participate in the auction by placing your bids through our secure online platform.
Winning & Closing
If you win, complete the purchase process including final inspections, financing, and closing.
Types of Auctions
We offer different auction formats to meet various buyer preferences and property types
Online Bidding
Bid from anywhere with our secure online platform. Auctions typically run for several days.
Live Event Auction
Traditional on-site auction experience with live auctioneer and in-person bidding.
Highest & Best Offer
Submit your best offer for seller consideration. No competitive bidding required.
Tips for Auction Success
Expert advice to help you navigate the auction process and make informed decisions
Set Your Budget
Determine your maximum bid amount including all costs (closing costs, inspections, repairs).
Inspect Thoroughly
Take advantage of inspection periods. Properties are typically sold 'as-is' at auction.
Understand Terms
Read all auction terms and conditions carefully. Know the deposit requirements and closing timeline.
Stay Disciplined
Stick to your predetermined budget. Don't get caught up in bidding wars beyond your means.
Act Quickly
Be prepared to move fast. Winning bidders typically have limited time to complete the purchase.
Get Professional Help
Consider working with a real estate agent familiar with auctions and a qualified attorney.
Frequently Asked Questions
Do I need to register before bidding?
Yes, all bidders must register and provide verification of funds before participating in any auction. Registration is free and can be completed online.
What deposit is required if I win?
Typically, a deposit of 10% of the winning bid amount is required immediately upon winning. This can vary by property, so check the specific auction terms.
Can I inspect the property before bidding?
Yes, we provide scheduled inspection periods for all properties. We strongly recommend attending inspections as properties are sold "as-is" with no warranties.
How long do I have to close after winning?
Closing timelines vary by property but typically range from 30-45 days. The specific timeline will be outlined in the auction terms and conditions.
Are there any buyer's premiums or additional fees?
Some auctions may include a buyer's premium (typically 5-10% of the winning bid). All fees and premiums are clearly disclosed in the auction terms before bidding begins.
Ready to Start Bidding?
Create your free account today and gain access to our exclusive property auctions