How It Works
REGISTER AS A SELLER
through your real estate agent or online at the seller’s page. Once your real estate agent registers in our Agent Alliance, we will provide them with a listing package, containing an overview of our services and an auction agreement. Those who register online will be contacted within 1 business day to schedule an appointment to review the auction agreement.
• DEFINE THE MINIMUM RESERVE PRICE
that you are willing to accept. This is an undisclosed minimum that you agree to sell your property for at auction. Winning bids below the reserve price will still be submitted for your consideration
AUCTION SERVICE AGREEMENT and pay the required auction service fee. Send all available Addenda from your agent’s listing agreement along with the auction agreement.
UPLOAD to ForteAuctions.com
IDENTIFY AVAILABLE DATES
for open houses and agent showings
LEAVE THE MARKETING TO US.
You may help spread the word by clicking the SHARETHIS button on our webpage and sharing our website by email or with friends on social networking sites. This is a unique opportunity to help attract more buyers to the auction in which your property will be sold.
DURING THE AUCTION, property will be sold to the highest bidder, subject to your approval. Closing usually occurs within 30-60 days, depending on the property type.
• REGISTER AS A BUYER
through your real estate agent or online
on our buyer’s page. This will allow you
to save listings and register to attend
specific auctions. When revisiting our
site, log into your account to review
saved listing and auctions you have
registered for. An overview of upcoming
auctions can be viewed by visiting our
REVIEW the property listings.
We provide pictures and all relevant
information for each property.
REGISTER FOR AN AUCTION
listed on our auction calendar. You must
be logged into your account to do this.
AUCTION REGISTRATION IS FREE and easy.
Additional registration will be
available on auction day, but does not
guarantee that you will be registered
before the auction begins.
PREQUALIFY FOR FINANCING with
one of our lending partners or through
your own sources.
& INVESTIGATE all properties
that you plan to bid on. We provide open
house dates, but you may also visit most
properties with your real estate agent
at your convenience. Contact Forte
Auctions to confirm available times for
private showings. Please physically
inspect properties and do independent
research, such as reviewing legal and
ABSENTEE BIDS must be received
at least 72 hours prior to the auction
through our website.
ATTEND the auction you have
registered for. ADMISSION IS FREE.
Qualified buyers must bring a valid
photo ID, a $2500 cashier’s check (made
payable to yourself) or cash for each
property you plan to bid on, and a
method of payment (cash or personal
check) to complete the 5% Earnest Money
Deposit for each property purchased. In
order to expedite all documentation on
properties purchased, we also recommend
that you bring any preapproved financing
documentation, if you are using your own
lender, and the last 2 yrs of tax
returns and the last 2 yrs of W-2’s.
• CHECK-IN when you
arrive at the auction venue. Our
check-in team will match your
information with our registration list.
Please be prepared to show your photo ID
and cashier’s check, cash, and/or
personal check for each property you
plan to bid on. We will assign your
bidder number and provide a numbered
bidder card. Then you may proceed to
enter the auction hall.
START THE AUCTION with a brief
practice auction to help all bidders
understand the process and pace of
bidding. Bidder Assistants will be
strategically located throughout the
auction hall to help bidders during the
auction. Remember, the bidding process
is high energy and fast paced.
BID on your desired property by
raising your bidder’s card high enough
to be acknowledged by the auctioneer or
bidder’s assistants. As the bidding
continues, you may increase your bid to
maintain the position of highest bidder.
Please be aware to only bid as high as
your financial capabilities will allow.
If you are the highest bidder when the
auctioneer says “SOLD”, you will be
declared the winner and be led to our
buyers’ tables to process your purchase.
• COMPLETING THE PURCHASE
starts by signing the Winning Bidder
Confirmation sheet. This will confirm
you acceptance of the total purchase
price for the property you bid on. You
will then endorse your cashier’s check
along with the balance (in cash or
personal check) to complete the 5%
Earnest Money Deposit over to the
closing agent. The Earnest Money Deposit
does not include closing or financing
costs. Escrow will be opened, financing
will be approved, and you will complete
all documentation for the transaction.
|5% Buyer’s Premium
|Total Purchase Price
Earnest Money Deposit
|$2500 Cashier Check/Cash
|Balance: Personal Check/Cash