FOR BUYERS

Upcoming Foreclosure Auction

On Sunday Aug. 17, 2008 at the Riverside Convention Center, US Home Auctions will auction off 275 homes in Riverside and the surrounding areas.

Registration begins at 8:00 a.m. Auction starts promptly at 9:30 a.m.

You can review the properties that will be at auction at: http://www.USHomeAuction.com

We highly recommend you go see these properties before the auction. If you would like to see the inside, give us a call at (951) 205-4429. There is no obligation, and having a professional real estate agent assist you with the auction process will really help in making the right decision and not getting caught up in the frenzy of the auction.

After you find the properties that interest you, go online and pre-register; be sure to register your agent’s name also.

When you arrive at the auction you will be asked to show your identification and a $5,000.00 cashiers check or cash for the earnest money deposit and will be assigned a bidder number.

A 5% “Buyers Premium” will be added to all winning bid amounts to establish the total purchase price. This is the fee the auction charges for costs involved.

In some cases auction properties are not the better deal. By working with us we can provide you with comparable listings and you can set a ceiling of what you are willing to pay. Many times we can actually show you better deals than an auction property.

REMEMBER, if you plan to purchase a property at the auction, you must have:

• a $5,000 cashier’s check (or cash) made payable to yourself.
• the available funds to write a personal check or pay cash for the balance of the required 5% earnest money deposit due on auction day.
• valid picture identification for all parties to the transaction.

When Shopping for a New Home, Use a List.

Here is a checklist to use while reviewing homes to purchase.  But we always recommend you use a qualified inspector when you’re ready to write an offer.