http://pennyauctions.info/uncategorized/how-does-an-estate-auction-work-if-i-was-interested-in-buying-a-property-listed/ ...items on the cheap Wed, 14 Sep 2011 19:53:29 +0000 hourly 1 http://wordpress.org/?v=3.1.3 http://pennyauctions.info/uncategorized/how-does-an-estate-auction-work-if-i-was-interested-in-buying-a-property-listed/comment-page-1/#comment-7 Ed Atun Tue, 09 Mar 2010 21:05:16 +0000 http://pennyauctions.info/uncategorized/how-does-an-estate-auction-work-if-i-was-interested-in-buying-a-property-listed/#comment-7 They will demand that you produce a cashiers check at the front door. If you are the winning bidder, you will go immediately to a lender's table to be approved for the loan. You will have to close the sale in 30 days. The buyer never used to pay any fees. You just bought the house. Recently in Arizona, the auctioneers are making you pay a 5% "buyers fee". That is added to the purchase price. The sale will probably be "as is" so bid low.. They will demand that you produce a cashiers check at the front door. If you are the winning bidder, you will go immediately to a lender’s table to be approved for the loan. You will have to close the sale in 30 days. The buyer never used to pay any fees. You just bought the house. Recently in Arizona, the auctioneers are making you pay a 5% "buyers fee". That is added to the purchase price.
The sale will probably be "as is" so bid low..

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