**2/14/11 REDC Auction.com Bank Owned Auction Results**
**2/14/11 REDC Auction.com Bank Owned Auction Results**
This is an auction of bank owned properties that have been on the MLS market for some time and have not sold.
The auction was held live and online. The live auction was at the Suncoast Hotel & Casino. This auction is open to the public and payment can be financing or cash. Pre-qualification for financing is required and proof of funds for cash is also required. There is a 5% buyer's premium on top of the final bid. The properties are available to view prior to the auction. There is no inspection due diligence after the auction. All inspection(s) must be done prior to the auction. The seller has the option to approve or decline any final bid.
We followed the auction online today and bid on several. They started with 155 properties in Clark County and Nye County (as of 1/15/11), but ended up calling 66 of them. I tracked 65 of them. There was a total of $7,460,000 spent at the auction plus the 5% buyer's premium making it $7,833,000
.
If you want to see more details - please go to our website: www.rezultsrealty.com and click on the "2/14/11 REDC" tab on the left side of the page.
The next auction will be 3/21/11 and currently has 152 properties listed - if you need assistance with purchasing at this auction, please contact us and we will be happy to assist.
This is an auction of bank owned properties that have been on the MLS market for some time and have not sold.
The auction was held live and online. The live auction was at the Suncoast Hotel & Casino. This auction is open to the public and payment can be financing or cash. Pre-qualification for financing is required and proof of funds for cash is also required. There is a 5% buyer's premium on top of the final bid. The properties are available to view prior to the auction. There is no inspection due diligence after the auction. All inspection(s) must be done prior to the auction. The seller has the option to approve or decline any final bid.
We followed the auction online today and bid on several. They started with 155 properties in Clark County and Nye County (as of 1/15/11), but ended up calling 66 of them. I tracked 65 of them. There was a total of $7,460,000 spent at the auction plus the 5% buyer's premium making it $7,833,000
.
If you want to see more details - please go to our website: www.rezultsrealty.com and click on the "2/14/11 REDC" tab on the left side of the page.
The next auction will be 3/21/11 and currently has 152 properties listed - if you need assistance with purchasing at this auction, please contact us and we will be happy to assist.
