Jackson Hole Auction Company is pleased to welcome you to our website dedicated to making it simple and easy to buy or sell any type of real estate at auction.
Our website is designed to be easy to use with menu tabs on both sides of most pages to help navigate for your particular needs. The auction calendar is what buyers are looking for and each auction is chock full of information about each particular property. When viewing an auction page, be sure to look in the upper right of each auction page for photo galleries, documents, online bidding links and our DIGIBIP or Digital Bidder Information Package.
The DIGIBIP concept is something we are very proud of creating back in 2003 as a tool to allow prospective buyers the opportunity to review a comprehensive information package with photos, property details, inspection reports, surveys, registration forms, purchase contracts, restrictions, community information -- basically as much information on a property that time and budget allows us to provide.
Real estate sold at auction is almost always sold as-is where is with all faults and no warrantee other than a clear title by deed. In this modern age consumers demand to know what as-is really means. Our goal is to provide basic information to help you make an informed decision.
It’s easy to buy real estate at auction:
- Download the DIGIBIP to begin your own investigation of each property
- Preview the property online to determine if you want to visit in person
- Prepare your bid strategy by checking comparable properties both listed & sold.
- If you need financing get it in advance of the auction; contact us for assistance.
- Register ahead of time if you plan to bid online, on TV or on your cell phone.
- Obtain the bid deposit in the form of a cashier or bank guaranteed check or wire.
- Contact the auction staff by phone or e-mail with any questions
- Come to the auction location or be online at least ½ hour before the advertised starting time to make sure you are registered and have a good seat.
- The properties will be displayed on screen(s) and color hard copies of DIGIBIPS will be available in the auction room for any further review.
- Check the order of sale; get ready when the property you want comes up.
- The auctioneer speaks with a clear voice telling the current bid price and next amount being asked; online bidders will see and hear the screen & auctioneer.
- Bid up to the price you are willing to pay.
- The bid assistant will have you sign the Memorandum of Bid & Deposit Receipt which is the auction purchase contract, disclosures and escrow instructions.
- Closing is done through a licensed, bonded & insured escrow or title company and is basically the same as any other real estate transaction.
- You do not have to attend the closing in person almost everything can be done electronically or via courier, unless you want to go to the settlement office.
- Closing is usually done in 30-days or less, often with land and lender owned vacant homes title can be transferred within 1 or 2 business days.
- It’s really that simple.
This auction event is designed to provide a seamless experience for people who want to buy or sell real estate in this challenging and changing marketplace.
A Jackson Hole Auction Company auction event is designed to provide a seamless experience to informed people that want to buy or sell real estate hassle free.
FACT: In 2009 over 2-million properties were sold at auction in the USA.
FACT: There are only 363 Accredited Auctioneers of Real Estate (A.A.R.E.) in the USA, specially trained and certified by the National Auctioneers Association to sell real estate at auction.
The Founders, Billy & Stephanie Burke have written the book, “Secrets of an AARE Auctioneer” The Most Comprehensive and Complete Guide to Selling Real Estate at auction. The methods we use for buyers and sellers are available as an open book to anyone who wants to learn more about real estate auctions.
We pay generous fees to both buyer & seller agents and are willing to work with real estate professionals because of the value they bring. Our philosophy of “there is no better way to say thank you than with a check…” has been warmly accepted in Jackson Hole.
People who buy real estate at auction are pleased knowing they only paid “one bid more than someone else was willing to pay” on auction day.
Sellers are pleased knowing they sold for 100% of the present cash market value as determined by the bidders on auction day.
The word Auctioneer is derived from Latin; Avcto for increase and the word Auctonariaum as the designated place for a licensed Roman Auctioneer to sell anything to the highest bidder, once the flag was raised and the spear thrust in the ground.
Experience 2,000 years of auctioneer traditions combined with 21st century technology.
The Auctionarium is Open for Business
Buying or Selling at Auction
A properly advertised and promoted auction will deliver 100% of a property's "present cash market value" 100% of the time in an open and transparent transaction.
Southern California now has The Auctionarium as the place to convert select items of value into cash using the truest form of free market economics.
The Auctionarium would like to hear from anyone located in Southern California that would like to sell:
· Houses & real estate of any kind – Agents protected contact us for details
· Fine art, sculpture, bronzes, frescos from modern to old masters.
· Jewelry from vintage to Tiffany’s finest of a worthwhile value
· Antiques, statuary, extraordinary pieces and unique items
· Collectables – Memorabilia – Posters – Cards – Historical, etc.
· Gold & silver coins for both numismatic & bullion value
· Guns & collectible firearms will be accepted
Send an e-mail to: auctions@theauctionarium.com
How Does it Work?
The qualification standard is cash money today!
2000 years of auctioneer traditions have proven cash is the only true method to qualify anyone and level the playing field for buyers & sellers.
2000 years of auctioneer traditions demand that items sold at auction have a free and clear title, are held by the auctioneer passing to the winning bidder upon payment in full.
Buyers must provide a “hard money” bid deposit held by The Auctionarium during the bidding to obtain a bidder number. If they are the winning bidder the deposit is applied towards their purchases. If you are not the winning bidder your deposit is returned.
Sellers are qualified with an exclusive right to sell Auctionarium listing agreement and pre-payment of entry fees for homes and other real estate.
The Auctioneers are National Auctioneers Association members certified in real estate, personal property, appraisals plus licensed, bonded & insured.
All items offered for auction are listed on the Internet for online bidding before the live auction. Items up for auction are available to be inspected prior to bidding at the scheduled times posted for each auction event.
2000 years of auctioneer tradition proved that personal property must be sold absolute to the highest bidder regardless of price or the integrity of the auction is lost completely.
By law the only way to advertise real estate using the word “Absolute or unreserved” means the property must be free & clear of any mortgages, back taxes or liens of any kind.
Real estate sold at auction is usually sold subject to a “secret reserve” price contracted with the seller or lender. If the “secret reserve” is reached during the bidding the auctioneer will announce the property will be sold to the highest bidder and escrow is opened after the close of the auction.
If the winning high bid is below the sellers “secret reserve” price then an auction contract is signed by the winning bidder, their deposit check is held uncashed for 2-business days that the seller has to decide to accept or reject the winning high bid.
2000 years of auctioneer tradition have proven there are only two times property does not sell at auction:
- When one owes more than a property is worth (we can assist upside down negative equity sellers with the short sale process to sell for less than what they owe on a property) or
- When one wants more than a property is worth.
The Auctionarium delivers cash contract that bring sellers from the wishful 'what if' thinking if you are one of thousands of properties listed with no sales, into the reality of 'what now'?' with a sales contract in hand.
If you have questions, please feel free to call me at 866-486-SOLD to discuss your personal situation or allow us to explain how the process works in detail.
Thank you for the opportunity to be of service delivering cash for assets and true free market prices to our buyers.
Sincerely,
William F. Burke, C.A.I. - A.A.R.E.
Auctioneer
Private real estate seller
Crossroads Security Inc
Private real estate seller
Private
Jackson Hole Auction Company, LLC
Wyoming Real Estate License Number 190100 No. 35896
Dennis K. Ridley, Broker WY License Number 10117 No. 35897
auctions@jacksonholeauctions.com
Toll Free 866-486-SOLD