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F F R E Q U E N T LY ASKED QUESTIONS about
The Auction Process
A
BUYER W I L L I B E A B L E TO S E E A N D I N S P E C T THE PROPERTY?
Bidders may also place bids over the phone with a dedicated Concierge Auctions bidder’s assistant.
Properties are available throughout the exposure period for potential bidders to preview and conduct inspections. Diligence is encouraged as all sales are “asis,” without contingencies. Terms and Conditions of Sale, Purchase Contract, and property documents are available on each property’s page on ConciergeAuctions.com.
A few select auctions are held live at the property or at a venue. Bidders may participate in person or via proxy, phone, our app, or ConciergeAuctions.com.
D O YO U AC C E P T P R E - A U C T I O N O F F E R S ? Yes. It is not uncommon to receive pre-auction offers. All offers received prior to auction are presented to the seller for consideration.
I AM READY TO REGISTER TO BID. NOW WHAT? You may register to bid via our online marketplace at ConciergeAuctions.com. Visit the property page and select the “Register to Bid” button. Or, call us for personal service. Our registration process has three steps: 1. Complete the Terms and Conditions of Sale.
W H E R E D O E S T H E A U C T I O N TA K E P L AC E ? Bidders can participate in our auctions in realtime from anywhere in the world. The majority of our auctions are conducted on our digital bidding marketplace, ConciergeAuctions.com, or via our app.
2. Wire your Bidder Deposit, typically $100,000, which is credited towards your purchase if you are the winning bidder or is returned if you are not. 3. Provide a letter of reference from your bank or financial institution.
