To Auction, To Auction, To Buy a New House....

Home Again, Home Again....

Jiggity jig! At least, our buyer is dancing a little jig right now. Jaimy went to the auction in our client's stead. Met with the auctioneer. No one else was there for the home our buyer wanted. Yay!

But then, a snag, the auctioneer wouldn't allow Jaimy to put in his bid.....even though the company conducting the auction had clear directions on their website that allows a bidder to be there acting for an out-of-area buyer. So the auctioneer started the bidding...."going once, going twice, sold!" And Jaimy never even got the chance to place his bid!

Wait a minute......

Jaimy called the auction company and asked to speak with the manager. He finally got in touch with the right man, who asked him if he had the funds ready (auctions require cash, cashier's checks, money order etc, no loans or other funding)....to which Jaimy replied "yes!"

So the manager sent the auctioneer back out in front of the Clackamas County courthouse steps to get the sale done! He assured Jaimy "Mr Beltran, the bank does not want this house, thank you for your offer."

Auctioneer begins again... "going once..." Jaimy places the bid for $1 more than the starting bid. Sold! And it's done. Our buyer has the property he wants at a deep discount and Jaimy has managed to get the auctioneer to understand the process a bit better (turns out it was his 2nd week on the job). : )

What fun it is to buy and sell real estate. Have a question for us? Shoot me and email or give us a call.

'Till next time. Salude!