Example Auction
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Example Auction: The Sydney Opera House is NOT Really For Sale
In a real auction, in this space the property being auctioned will be described in some detail, identifying its most desirable points.
Bidding is Free, Quick and there is No Obligation.
Property Information:
In a real auction, all of the factual information about the property is listed here.
Listing Agents:
In a real auction, the name and contact information of the listing agent is provided here.
Realtors:
In a real auction, information to Realtors is placed here, such as this:
3% Cooperating Brokerage Commission Paid By Seller. Just have your client register and bid, and you will submit a standard HAR Purchase Contract if your client is the winning bidder.
Terms & Conditions
In a real auction, the terms and conditions are specified here, such as this:
This is an EasyBid Auction
There is no Buyer Premium or Buyer Transaction Fee added to the bid amount. No deposit is necessary, and there are no complicated legal forms necessary to place a bid.
To bid, you must be a registered user of Elite Property Auctions. There is no fee to register or bid.
If you are the winning bidder, you agree to submit a Hawaii Association of Realtors standard form Purchase Contract offering to purchase this property at the winning bid amount, and you may include all typical contingencies in your offer and propose your desired terms such as closing date, deposit amounts, and others. Just as in a normal real estate offer, the Seller may accept, negotiate, or reject the Purchase Contract. However, all Sellers have agreed to accept offers that are at a significant discount to their current listing price. As in any contract, your rights and responsibilities will be governed by the Purchase Contract, and you will not be obligated to purchase the property until all conditions and contingencies have been fulfilled.
If you are the winning bidder, you may choose to have your own Hawaii-licensed real estate agent submit your Purchase Contract.
If you do not have your own Realtor to represent you, then Elite Pacific Properties will represent you as your agent in this transaction.
Information is believed to be accurate, but Elite Pacific Properties makes no representations or warranties as to its accuracy.
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