monster

11
Jun

Typical Personal Property Terms

By: Brandon Nathan

Personal property auctions typically require payment in full in cash, as soon as possible after purchasing the item, but in all cases no later than immediately after the auction. Actually cash tender is the preferred method of payment, although cashiers check is usually acceptable, and wire transfer is also usually acceptable, particularly when the asset is bought online.

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11
Jun

Typical Real Estate Terms

By: Brandon Nathan

Real estate auction terms are usually very similar for all auctions. The terms you will usually see that may be different from private negotiated sales have to do with earnest money, as-is, contingencies, closing date, and consistency. Auction terms are not subject to renegotiation after the fact, so only bidders willing to accept the terms should bid at a real estate auction. Buyers should read the auction contract carefully as a part of their pre-auction due diligence.

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