Thinking of Buying a Property Via Timed Online Auction?

Timed Online Auctions are an easy and exciting way to buy real estate.

Before the Timed Online Auction

Properties can be viewed through private showings with the Smith & Griffith Real Estate Team With CIR Realty and Buyers can complete their inspections and Due Diligence prior to the timed online auction. Timed online real estate timed online auctions are listed on www.smithgriffith.com  and MLS/Realtor.ca. Sale dates and times are advertised. All purchases at the timed online auctions are sold “as-is,” meaning the properties are selling without Buyer conditions or warranties from the Seller. Buyers are solely responsible for viewing and doing their due diligence prior to bidding and purchasing.

Together with the Seller, we do our best to disclose any information known about the properties such as Seller disclosures, surveys, zoning, taxes, title registrations, easements, leases, revenue, other reports, etc. All information is provided to give Buyers confidence in the purchasing process of an “as-is” property.

If you have additional questions, ask REALTORS® Rees Smith or Kari Griffith. Our experienced team can explain how timed online auctions work and answer questions on any specific property we have for sale. We will engage all Buyers under a Customer Status Realtor Client Relationship contract.

I am ready to register to bid. What now?

Please contact us directly for instructions on registering to bid.

Registration

To buy at a timed online auction, Buyers must first register online for a bidder’s number.

Please review the terms and conditions and bidding instructions carefully for the specific timed online auction that you are interested in. This will ensure your registration goes smoothly. The timed online auction will begin promptly at the advertised time with announcements and terms of the sale. Any last-minute changes or disclosures will be made at this time.

During The Timed Online Auction

Timed online auctions are fast paced and exciting! Be prepared with your maximum bid price in mind so you are confident and ready to participate.

After The Timed Online Auction

The winning bidder will meet with Rees Smith and/or Kari Griffith either online or in person to finalize the contractual purchase agreement and make the required deposit.

Real estate closings typically occur 30 days from the date of the timed online auction. Bidding on a real estate timed online auction is a legally binding agreement to purchase the real estate for the bid amount. Closings are not contingent on financing, appraisals, inspections, or any other factors. Please be sure of your decision before you place a bid as it cannot be retracted, and non-completion will result in forfeiture of deposit and potential legal action from the Seller.