Growing in popularity, more and more people are learning how to buy property at a real estate auction in Phoenix. Investors have long used auctions as a way to find good real estate investments. Now, the general population is taking advantage of property auctions in greater numbers as well. Visit us at http://www.auctionANDappraise.com or call 800-801-8880 for more information about Real Estate Auction in Phoenix.

1. Real Estate Auction in Phoenix
Learning How the Process Works

2. Real Estate Auction in
Phoenix
•Investors have long used auctions as tools to uncover
high-quality real estate investments. Today, every can
take advantage of opportunity
•Open to the public
•Unique and efficient way to sell real estate
•Environment is fast-paced and the process involves
open competitive bidding

3. Real Estate Auction in
Phoenix
•Two types of real estate auction:
–Absolute auction – allows property to be sold to highest
bidder with no limit placed on selling price. Generates
significant interest because sale is guaranteed
–Reserve auction – has predetermined minimum price for
property. This means if minimum price is not reached during
the bidding, seller has no obligation to sell property to highest
bidder

4. Real Estate Auction in
Phoenix
What Happens Before a Real Estate
Auction in Phoenix?
•Auction service will meet with property seller to discuss
parameters of property and sale. Determine whether to
hold absolute or reserve auction
•Auctioneer ensures real estate auction complies with all
regulations. Property title need to be verified and
creditors notified

5. Real Estate Auction in
Phoenix
What Happens Before a Real Estate
Auction in Phoenix?
•Auctioneer and seller plan the advertising campaign
and prepare property for sale
•Auctioneers use variety of marketing tools to promote
auction, including newspaper ads, online advertising,
posters, direct mail, radio ads, television ads, e-mails and
more

6. Real Estate Auction in
Phoenix
What Happens at the Real Estate Auction
in Phoenix?
•The goal is to keep initial outlay as low as possible
•Understand how auction works including all financial
aspects of sale. Know you’re not bidding in void and that
other bidders have the same goal as you
•The difference between them and you is the top
number you are willing to pay

7. Real Estate Auction in
Phoenix
What Happens at the Real Estate Auction
in Phoenix?
•Basic guidelines for real estate auctions:
–Have readily available cash for the deal
–Understand the type of real estate auction and requirements
–Know the buyer’s premiums
–Research specific properties and understand market values

8. Real Estate Auction in
Phoenix
What Happens at the Real Estate Auction
in Phoenix?
•Basic guidelines for real estate auctions:
–Inspect the property and prepare a bidding strategy
–Maintain discipline and stay within your established bid limits

9. Real Estate Auction in
Phoenix
About the Author
Deb Weidenhamer is President of Auctions Systems
Auctioneers & Appraisers, Inc., based in Phoenix,
Arizona. They specialize in auctions and professional
appraisals.
Visit us at http://www.auctionANDappraise.com or call
800-801-8880 for more information about
Real Estate Auction in Phoenix.

10. Real Estate Auction in
Phoenix
About the Author
Deb Weidenhamer is President of Auctions Systems
Auctioneers & Appraisers, Inc., based in Phoenix,
Arizona. They specialize in auctions and professional
appraisals.
Visit us at http://www.auctionANDappraise.com or call
800-801-8880 for more information about
Real Estate Auction in Phoenix.