Bidding on Real Estate
at Auction

Here are a few things to keep in mind when buying real estate at auction:

  • All property is being sold as-is. Please inspect all the aspects of the property before you bid. You are welcome to hire or bring in any knowledgeable person to help you make an informed bid on the property. The only items the sellers are guaranteeing are a clear title, survey, (if needed) and transfer of the deed. Any changes to this may be announced by the auctioneer on sale day.

  • This property is not being sold contingent to the buyer getting a loan or financing. All financial arrangements must be made before to the auction. Personal checks for the down money are acceptable. Property can be shown at any time before the auction by contacting Almburg Auctioneering at 815-825-2727.

  • All interested in bidding on the real estate should arrive at least 1/2 hour before the offering and register with the cashier in the office, obtain a bidders card. You will use this card to single to the auctioneer that you are bidding on the property. The auctioneer will use his discretion as to the bid advancements and the pace of the auction. There is no minim starting price or maximum ending price set for this real estate.

  • During the bidding the auctioneer may or may not call a recess at which point he will have a private meeting with the owners of the property, and present the high bid to them. Please keep in mind that the real estate is not sold yet, the high bid is merely held and as in any real estate transaction the sellers have aright to accept, reject or counter the high bid. If the sellers are satisfied with the bidding the auctioneer will come back to the auction block and convey to the bidders that the bidding will be opened up to all and continue. If the auctioneer doesn't receive any more bids the real estate will be sold for the high bid established at the recess.

  • If the sellers reject the high bid, the auctioneer will return to the auction block with a counter offer from the sellers, and the person with the high bid has the first right to raise their bid to meet the sellers amount. If the bidder agrees to do this the property is sold at that time and is not opened up for more bidding. For this reason we encourage you to be the high bidder at the call of the recess.

Thank-you for your interest in this property. Talk to your lender and be ready to take advantage of this property by bidding your price at auction. Please call on any of the Almburg Auction staff to answer any questions.

Good luck!


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