Buying Real Estate? Use an Auction For the Best Results!

Theres been an explosion of auction popularity in recent years Online merchandise auction sites Popular TV shows focused on auctions Did you know that in many countries around the world, auctions are the preferred way to buy and sell real estate? Our international friends in Ireland, Australia and some nations in Asia have long taken advantage of all the benefits of real estate auctions. You can, too.

When buying real estate, would you like: The transparency of seeing other competing offers? No negotiation period? The ability to fully inspect your potential purchase? A set date of sale? The opportunity to get a good deal? To eliminate the seller and broker from any decision making? To eliminate broker favoritism? To eliminate discrimination? To eliminate the (behind the scenes) process traditional real estate adopts when making an offer? Then Choose a Real Estate Auction!

2014 RealEstateAuctions.com All Rights Reserved 2014 RealEstateAuctions.com All Rights Reserved 2014 RealEstateAuctions.com All Rights Reserved Auctions vs. Traditional Sale for Buyers Heres a look at how an auction is better for the buyer than a traditional real estate sale AUCTION METHOD TRADITIONAL METHOD

Known date of sale Sales process may take weeks or months

No buyer/seller negotiations Negotiations are often the sticking point in the process

Open, fair bidding. No best-guess offers Offers can be rejected with no feedback

Bidders determine Fair Market Value Pricing is often set unrealistically

Buyers receive comprehensive due-diligence information Rarely is fully-detailed information available early in process

Set closing date, usually 30 days or sooner after the auction date Closing date is often TBD

Virtually all types of real estate can be auctioned Single family Multi-family Condos Townhomes Commercial Investment Special-use Land Agricultural And More!

Some Example Properties Hawthorne, Florida USA Tierrasanta, California USA Fishhaven, Idaho USA Gig Harbor, Washington USA

Omaha, Nebraska USA New Kent County, Virginia La Terranas, Caribbean DR Bonita, California USA

USA What types of auctions will I encounter? There are three popular options: Absolute Auction Minimum Bid Auction Auction With Undisclosed Reserve Lets take a look at an overview of each type of auction

2014 RealEstateAuctions.com All Rights Reserved 2014 RealEstateAuctions.com All Rights Reserved 2014 RealEstateAuctions.com All Rights Reserved Auction Bidding Types Minimum Bid Auction Absolute Auction Reserve Auction

Highest bid wins. Absolute Auctions generate by far the most interest among buyers because of the opportunity to win the property with just one more bid. Bidding begins at a minimum, acceptable price to the seller. Less popular among bidders than the Absolute Auction, a Minimum Bid Auction nonetheless is attractive to buyers because the starting bid is typically set low enough to potentially provide a reasonable deal for the buyer. Only the seller, the auctioneer and the Auction Specialist with RealEstateAuctions.com knows a confidential minimum price at which the property can sell. Buyers may find this option less compelling because of the unknown minimum threshold their bidding needs to reach in order to purchase the property. What methods of auction will I be able to bid? There are three primary ways youll participate in an auction: Live, In-Person Event Online-Only Event Live / Online Hybrid Event Lets see how each of these methods are defined Auction Methods When most people think of auction, this is it. This type of event features a live auctioneer in an open-outcry setting. Qualified bidders raise their numbered paddles or bid cards when they wish to bid at the announced price, which is publically acknowledged by the auctioneer. A live, in-person event is typically held at a hotel ballroom or conference center for multi-property listings, or onsite at the subject property for a single listing. Online-Only Event Live, In-Person Event Live / Online Hybrid Event

Perfect for a listing or listings in which a live, in-person event isnt practical. With an Internet connection and a computer, bidding can be done from almost anywhere, on properties located almost anywhere, using the RealEstateAuctions.com Online Bidding Platform. A great combination that melds todays technology with tradition to throw open the doors for bidding from in the room, across town or across the world.

2014 RealEstateAuctions.com All Rights Reserved 2014 RealEstateAuctions.com All Rights Reserved 2014 RealEstateAuctions.com All Rights Reserved Question & Answer Q: Arent auctions used only for foreclosures and distressed properties? A: Absolutely not. Any real estate that can be sold can be auctioned. It simply is the fastest, most efficient and most transparent way to buy and sell. Question & Answer Q: Does RealEstateAuctions.com ever offer listings that can be purchased other than via an auction? A: Yes, select properties are sometimes available for sale without an auction. Use the contact information at the conclusion of this presentation. Question & Answer Q: Where do I obtain information about the property in which I am interested? A: We provide a comprehensive BIP (Bidder Information Package) downloadable via our website that includes many pertinent documents about the property. In addition, we encourage an inspection visit at an open house we will hold at the subject property, on an announced date and time. Question & Answer Q: How exactly do I take part in an auction? A: First, you must be a qualified buyer. That means able to purchase with cash, or with financing already in place. This is one of the main reasons auctions are fast and efficient. With qualification already in mind, lets look at an onsite auction followed by an online auction. Earnest Money Deposit Follow the instructions regarding how much earnest money is required to participate in a given auction 5

Confirmation An email will be sent confirming your bid and alerting you if a higher bid is received. Place another bid if you wish

Participating in an Online Auction : Process Fax or Scan Fax or scan-to-email proof of earnest money in certified funds (typically a cashiers check) to the title company or escrow agent specified $$ 2 3 End of Auction At the close of auction, the top bidder will be notified and provided with additional information about contact signing, supplying additional funds and completing the purchase. 6

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Registration Visit www.RealEstateAuctions.com and register to bid online. Read and accept the Terms and Conditions.

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Placing a Bid When bidding is open, use the easy-to-navigate tools in the Online Bidding Platform to place your bid

Participating in an Onsite Auction : Process

2014 RealEstateAuctions.com All Rights Reserved 2014 RealEstateAuctions.com All Rights Reserved 2014 RealEstateAuctions.com All Rights Reserved Arrival Arrive at the designated location at least 30 minutes before auction time Registration Register with administrative staff and provide earnest money specific to the property(s) on which you are interested in bidding. This is typically a cashiers check made out to yourself, which will be held and returned to you if you do not place any winning bid Terms and Conditions Agree to Terms & Conditions Bidding Winning Bid Raise the numbered card or If designated the high bidder by paddle you have been issued to the bid caller (auctioneer) at the place a bid, following the bid end of that property auction, callers lead proceed to the designated area to sign paperwork

Here are some of the many ways youll find auction events were holding and the listings that are offered: The RealEstateAuctions.com website with a dedicated, customized listing page for each property Local Multiple Listing Service Additional real estate-focused websites Brochures and/or flyers Direct mail Social media News releases Company newsletter Newspaper ads TV and/or radio spots Billboards Guerilla marketing How We Market

Marketing Examples SEARCH. DISCOVER. BID!Seemless buying processQuick closingOnline Bidding CapabilityNationwide Selection! Scott Blvd. Suite 209 1765Santa Clara, CA 95050T: 804.839.2694 CON TACTLisa EnglehartLEnglehart@RealEstateAuctions.comYour complete site for buying and selling real estate1 (650) 584-3741www.RealEstateAuctions.comCommercials Billboards Direct mail Flyers

Buyers are charged a Buyers Premium, which is a percentage added to the hammer price (when the auctioneers gavel falls to indicate a sale) of a property. Example: $150,000 hammer price + Buyers Premium (4%)* = $156,000 final sale price. *Buyers Premium will vary How Much? How much will it cost for me to buy real estate at an auction?

About US Were a national real estate company specializing in auctions. Well sell your real estate using the fastest and most efficient way of bringing buyers and sellers together. RealEstateAuctions.com was founded in 2010 by the CEO of a successful and well-known real estate brokerage of more than 20 years in Chicago. He began using auctions as a marketing method and soon decided it would become the sole purpose of the company because of the speed, ease and transparency auctions provide.

RealEstateAuctions.com is currently licensed in most states, with expansion to all 50 underway. In 2015, the company expects to expand internationally. Thank you! auction benefits for buyers, please contact me. Im happy to provide additional information. Phil L. Stover 469-583-7690 PStover@RealEstateAuctions.com www.RealEstateAuctions.com

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2014 RealEstateAuctions.com All Rights Reserved 2014 RealEstateAuctions.com All Rights Reserved 2014 RealEstateAuctions.com All Rights Reserved