Real Property Division

- Handling Residential and Commercial Properties –

 

What makes American so unique?  Our clients interact directly with our firm’s partners, the decision makers – not some sales or regional representative who needs to ‘get the bosses approval’. 

 

What makes American so effective? 

For Buyers:  American has an established reputation of conducting clean, fun, honest auctions.  By simply following the rules, providing prospective buyer’s with as much information as we can and creating and maintaining a fair auction environment; American consistently attracts growing crowds.  We also conduct seminars educating the general public and special groups on the art of auctions, how to participant, what things they need to know and do, etc. 

 

For Sellers:  We listen to and understand the needs & goals of our clients.  Then, our experienced team:

·         provides a complimentary assessment of your project,

·         recommends the most appropriate method of sale

·         determines the most appropriate market(s) for prospective buyers

·         designs a personalized marketing campaign

·         work with appropriate parties including attorneys, trustees,

          executors/executrixes, etc to comply with any/all legal requirements

·         implements effective strategies

·         conducts a professional auction

                                        All designed to achieve maximum value and success!

 

American provides services in the following forums (or combination thereof):

·         Open Cry Auctions

·         Sealed Bid Sales

·         Combination Sealed Bid & Open Cry

·         Traditional Sales Listing until Auction Date

 

Interested in learning more?  Click on the appropriate box along the left hand column of this webpage or call our office at 410-876-8210

 

BUYER INFORMATION 

VIEW THE PROPERTY

All of the properties that we offer for sale are available for viewing at one or more pre-set open house times.  The properties are available for public inspection DURING EACH OPEN HOUSE PERIOD.  Some properties will be available for public viewing with no appointment required while others will require that you make an appointment.  If an appointment is required, this will be announced clearly on the sign, brochures, newspaper ads and web site.  If you aren’t available to view the property on any of the pre-established open house dates, we’d be pleased to arrange alternate viewing times for all qualified candidates.   

REQUEST A PROPERTY INFORMATION PACKAGE

If you have some interest in bidding on a property, make sure that you receive a Property Information Package.  Most of the Property Information is listed on the Internet, but the complete package including surveys and other drawings, financial information, detailed contracts, seller disclosure statements, etc. might only be obtained at an open house, or by contacting American Auctions & Appraisals to request one be mailed to you.  You may not bid on a property at an American Auctions & Appraisals Auction until you have signed that you have received, read and understand the property information package.  In the case of a Fax BID Auction, you will register on a “written bid & registration form” found in the property information package.   

DO YOUR DUE DILIGENCE

Often a building inspection is available for the property being sold, but sometimes there is none available.  Feel free to hire a building inspector or real estate appraiser before auction day to inspect the property that you intend to bid on so you can be confident about your buying decision.  We’ll make special arrangements to have your inspector study the property.  Ask lots of questions before auction day about the property and or business that you intend to bid on.  Acquire an understanding of the value of properties in the neighborhood, community, city or region that the property is located in.  Feel free to have your lawyer review the Property Information Package.  American Auctions & Appraisals, Inc. represents the Seller of the property exclusively.  If you’d like exclusive buyer representation, you need to hire a buyer broker, or your lawyer, just like on any other regular real estate transaction. 

 ARRANGE FINANCING

When American Auctions & Appraisals, Inc. sells a property, it is for cash, with no conditions and typically closing in thirty days.  This means that you will not be permitted to bid on a conditional basis.  You must know prior to bidding that you are pre-approved for a mortgage from a bank or other financing source, or that you have the cash in hand.  If you require financing assistance, speak with an American Auctions & Appraisals, Inc. representative and we’ll do our best to assist you.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Just Sold

Patricia Denny, GRI

Real Estate Specialist

pdenny@americanaai.com