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Buying @ Auction/Getting Ready
As with any other real estate purchase, it's important to do your homework. Here are some simple steps we suggest:
  • Study the information available on the property. Start with the color brochure available to you free of charge.
  • Consider ordering a Property Information Package ( PIP), available on most properties we sell. This packet contains many more helpful details, such as maps, demographics, zoning information and floor plans. ( Specific information in the Property Information Package varies by property type). PIP's for most properties are also available online to download for free.
  • Visit the property. Ultimately, there's no substitute for viewing the property. Our professional real estate agents will show you the property and work with you to get answers to all your questions.
  • Arrange financing, if needed. Our properties are ordinarily sold without contingencies, so you'll want to have any needed financing arranged before the auction day.
  • Decide whether you wish to be represented by a real estate broker. If you do, be sure to have the broker register by the broker registration deadline for the auction.
  • Verify Bidder Registration Requirements. Many of the auctions conducted by New York International Real Estate Corp. require a cashier’s check to be eligible to register to bid. Prior to the auction verify if a cashiers check is needed, and if so the amount. This information will be in the brochure for that auction or by calling 1-877.846.8444.
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