FAQ's by Buyers

FREQUENTLY ASKED QUESTIONS BY BUYERS

1. What do they have to have for it? What’s the reserve? What’s it going to bring? These are our most commonly asked questions. Sellers want all they can get, just like buyers want to pay as little as possible. That’s human nature. The best answer is “Fair Market Value”. Reserve means that the seller has the right to reject the final offer, just like in private negotiations. We don’t know what the property will bring until the sale is over, just like you. However, as the buyer, you are in control of what you are willing to pay. 2. As a potential buyer, what do I need to bring to the sale to be prepared to buy? Be prepared by having your financing in order. Be able to meet the terms of the sale printed in the advertisement. And, do your homework in order to establish a value of what you are willing to pay. This is accomplished by doing some simple research on the internet, looking at comparable just sold properties, and similar properties currently on the market.
3. What was the house appraised for? Has there been an inspection done? Is there a termite letter? Can I see the property before the sale? All of these are great questions! We very seldom have the property appraised or inspected, however, you have the opportunity to have the property appraised and inspected by any number of competent professionals. We will make the property available to you prior to the sale by appointment or open house. To find out if your middle tennessee property is suitable for auction, call one of our auction professionals today at 615.896.4600 for a complete consultation and property review. Bob Parks Auction Company, LLC Firm No. 3984 615-896-4600 | www.bobparksauction.com Middle Tennessee's Auction Specialists! Specializing in Nashville TN Auctions, Murfreesboro TN Auctions, Middle TN Auctions, Foreclosure Auctions, Estate Auctions, Bedford Co Auctions, Cannon Co Auctions