In preparation for an upcoming Condominium Auction, I am pleased to provide the following Real estate Auction FAQ for my visitors and customers. The auction information is deemed reliable but not guaranteed.
WHY AN AUCTION?
Sometimes a Seller will select an Auction method of marketing in an effort to accelerate the sales process for the sale of 1 or more Condominium Units. Often in an Auction, Buyers may be able to obtain Condominium Units offered at reasonable prices.
WHAT IS AN ABSOLUTE SALE AND SOLD SUBJECT TO THE SELLER'S APPROVAL ACTUALLY MEAN?
An Absolute sale refers to units being sold to the Highest Bidders regardless of Price - "No Minimums, No Reserves'. Sellers approval refers to Condominium Units which may be sold to the Highest…