Series: Financing Your Auction Purchase

Part 1: Financing Your Auction Purchase

Part 1: Financing Your Auction Purchase

Series: Understanding Auction FinancialsPart 1 of 3 Buyers often assume that auction sales are required to be full, cash-only purchases. However, the belief that all auction sales are financed via cash is a myth. It is important to understand that buyers have options...

Part 2: Purchasing an Auction Sale without 100% Cash

Part 2: Purchasing an Auction Sale without 100% Cash

What financing options may exist for an auction sale? Although the deposit is required to be an on-hand asset (i.e. cash), it is often possible for the remainder of the purchase price to be funded from other asset types.  Options may vary from various lines of...

Part 3: Awareness to Financial Constraints

Part 3: Awareness to Financial Constraints

What primary restrictions exist in the financing of an auction sale? While financing options may be available, it is important for buyers to understand that they need to perform their due diligence before participating in an auction or engaging in a contract of sale....