Buyers



Buying real estate shouldn't be complicated…

When you buy at a Laird Real Estate Auction, you eliminate the games… In my years as a REALTOR® in the 1960s, 70s and into the ‘80s, I found that many people were frustrated with the long, drawn out process and the games that had to ultimately be played to buy a property. You have an agent. The seller has an agent. The seller's agent wants to get the highest possible price. The buyer's agent just wants to get a sale. So, they encourage you to submit an offer. Then there's a counter offer. Then, you look at other properties. Offer. Counter offer. More properties. Please!

I offer a better way; Since 1984, I've concentrated on helping my clients, the sellers, find the right buyer and complete the transaction in minimal time, with minimal hassle. The buyer enjoys the same benefits; buying happens fast with minimal hassle.

There are no dueling agents, long delays or fruitless negotiation games at a Laird Real Estate Auction. You, and all other interested buyers will come together and place competitive bids face to face for one individual property. Everyone knows who they're bidding against and what bid is on the table at all times. And when the winning bid is determined, the property is sold right then and there.

By the way, this is not an opportunity to try to “steal” a property. You should not assume that properties listed here are distressed, or that the seller is desperate. We strive to present fine properties whose owners are eager to complete the sale fast, whether to close an estate, free up their equity quickly, or just to avoid the waiting and hassle involved with listing with a real estate agent. We attract serious buyers who will quickly leave you behind if you're only there to buy at a low-ball price.

If you're here to look at a specific property you saw advertised in local or national media, go to our Auction Calendar for detailed information on the property, terms, dates and times. You'll find a variety of upscale properties for sale available here throughout the year. If you're just checking us out, please come back often. We are constantly listing…and selling properties. The one you're looking for could show up on this site any day.

If you would like to receive email notification when new properties are listed, please join our mailing list , and we'll keep you informed.

When you see an auction date and time listed, understand; That is when the property will be sold. Be there early to register and inspect the property if I you wish to bid. Have your financing in place and a cash deposit with you according to the terms listed. You don't want to miss the opportunity by showing up late or unprepared.

Auctions have been a preferred method of buying and selling property worldwide for hundreds of years. We've made it work for scores of buyers since 1984. It will work for you, too.

Frequently Asked Questions
about Buying Real Estate at a Laird Real Estate Auction

Q.) How does buying real estate at auction differ from more conventional methods?

A.) Actually, our process is the “conventional” method. Property was exchanged at auctions for hundreds of years before there was ever such a thing as a real estate agent or multiple listing service. An auction is still the fastest, cleanest way to bring buyers and sellers together and complete the sale.

Q.) I've never been to an auction. Is there any danger of showing up and making a “rookie mistake?”

A.) We recommend that you come to one of our other auctions first, just to observe. You're welcome to join us, and please; Feel free to ask us questions. We want you to enjoy the experience.

Q.) If only a few bidders show up, I might own the property with a low-ball bid, right?

A.) Maybe, maybe not. There are three types of auctions that we conduct;

1.) Subject to Confirmation - The seller has the final say in whether they want to accept the final bid or not.

2.) Absolute Auction - The property is sold to the highest and best bidder without reserve or restriction as to the price.

3.) Minimum Bid - There is a minimum opening bid made known to all involved.

You will know before the auction which type you are bidding at. By the way, it's not a good idea to come to an auction in hopes of stealing a property. If you're not a serious bidder you'll soon be left behind by the qualified investors we typically attract.

Q.) Can I “accidentally” make a winning bid beyond my means?

A.) When the bidding reaches a level where you are no longer comfortable, or goes beyond your available financing, you can simply stop bidding. As soon as you are outbid, you are no longer obligated unless you bid again.

Q.) Isn't an auction kind of a “last resort,” used to sell distressed properties?

A.) Absolutely not! In fact, if you look at the real estate we present, you'll see some magnificent upscale properties. People choose our method because it's fast and clean. There are many reasons why people are in a hurry to get their real estate sold; They may be settling an estate and want to distribute the proceeds to the heirs quickly. They may be relocating to a new city and need their equity to finance the move. They may have tried other methods and failed to find a buyer. Heck, they may just want to avoid having dozens of people traipsing through their home and then presenting low-ball offers.

Q.) Where does the auction take place?

A.) Usually, the auction is held at the property so you can see first-hand what you're bidding on. If that's not practical for any reason, we can hold the auction in a nearby hotel ballroom. In either case, you will have every opportunity to carefully inspect the property before bidding.

Q.) Is there any kind of guarantee or warranty on an auction property?

A.) Although we sell all properties in “As-Is, Where Is” condition, you will receive all protections as in any other real estate transaction because the buyer receives the title policy and warranty deed. This protects the buyer from back taxes and back liens on the property. And, of course, you will be given every opportunity to conduct a detailed inspection of the property in advance if you wish to.

Q.) When will I know if my bid is accepted?

A.) One of the great things about buying at a Laird Real Estate Auction is that all bidders are in the same place. You know who you're bidding against and exactly what the last offer was. All cards on the table, no phantom offers…what you see is what you get. If you place the winning bid, you will know it the second you hear the word “sold” from the auctioneer. You'll exercise your cash deposit and make plans for the closing. It's that clean and simple.

Q.) How soon will I have to come up with the balance?

A.) You will be asked to exercise a substantial cash deposit down on the day of the auction. The balance is usually due within 30 days. You should have your financing in place before the auction so you can bid comfortably.

Q.) Do I have to pay some premium or commission above my bid amount.

A.) This is referred to as a "BUYER’S PREMIUM" and you should read the "Terms and Conditions" of an Auction to see the Premium that is in effect for that Auction.

The Buyer’s Premium shall be in effect for the Auction and added to each winning bid to arrive at the total contract price for the Property purchased by the Buyer. The Buyers Premium helps pay for the cost of holding the Auction.

SO WHY SHOULD I CONSIDER BUYING AT AUCTION?

BENEFITS TO THE BUYER:

  • Smart investments are made as properties are usually purchased at fair market value through competitive bidding
  • The buyer knows the seller is committed to sell
  • In multi-property auctions the buyer sees many offerings in the same place at the same time
  • Buyers determine the purchase price
  • Auctions eliminate long negotiation periods
  • Auctions reduce time to purchase property
  • Purchasing and closing dates are known
  • Buyers know they are competing fairly and on the same terms as all other buyers
  • Buyers receive comprehensive information on property via due diligence packet
  • 1031 Buyes and Investors loves Auctions because of legal deadlines
BE THE NEXT SUCCESSFUL HAPPY BUYER AT OUR NEXT AUCTION!

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