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REAL ESTATE AUCTIONS
Contact DGW Auctioneers Inc. at dgw@dgwauctioneers.com or phone at 408-245-1863
or contact Kobbeman Properties at dgw@kobbeman.com
to setup an appointment or for more information.
GENERAL PROCEDURE
  1. EVALUATION

  2. Evaluation by Kobbeman Properties and DGW Auctioneers competitive marketing analysis and minimum/reserve bid and Contractual listing agreement and disclosures.


  3. PREPARATION

    • removal of personal and unwanted items
    • floors / carpets cleaned or replaced
    • appliances cleaned
    • windows cleaned
    • landscape trimmed and maintained

     

  4. INSPECTIONS

    • CAR/PRDS disclosures
    • pest report
    • environmental natural hazard tax/insurance data
    • preliminary title reports
    • home inspection report
    • roof inspection
    • water/sewer/pool/chimney inspections as needed

     

  5. ADVERTISING

    • Multiple Listing Service (MLS) for realtors including virtual tours
    • several national databases featuring real estate
    • DGW Auctioneers website
    • DGW Auctioneers special flyers by email and regular mail
    • newspaper and "Craig's List" advertising

     

  6. OPEN HOUSE

    • realtors tour
    • DGW Auction preview for the public

     

  7. AUCTION DATE

    • to be agreed by Kobbeman Properties, DGW Auctioneers and the Seller
    • listing on MLS will run prior to the auction and realtors tour
  1. AUCTION PROCESS

  2. Prospective Buyers will:
    • preview the property in advance of the auction
    • review the disclosures prior to auction and sign a receipt for the disclosures
    • make such additional inspections as buyer deems necessary
    • sign the "Bidders Agreement" terms and conditions
    • present cashiers check (generally $15,000) to First American Title (checks will be returned to unsuccessful bidders)
    • obtain a DGW Auctioneers Auction Bidder Number
    • present proof of funds to close in the form of a Pre-Approval Letter or Bank Letter of Credit or Copy of Equities on Account
    • be prepared to increase the deposit amount to 10% of the sale price realized within 10 days of the auction
    • present a valid ID such as a Drivers License or Passport

     

  3. OFFERS

    • written bids may be submitted prior to the Auction
    • if using a realtor/agent, one must submit a Buyer Agency Form
    • B/A Agreement Form is supplied with bidders agreement
    • written bids (not verbal) will be submitted during the actual auction if bidders have completed the above requirements and deposited a Cashiers Check with DGW Auctioneers
    • phone bids may be accepted during the auction if bidders have completed the above requirements and deposited a Cashiers Check with DGW Auctioneers.
    • DGW Auctioneers staff may call the bidder and execute bids on his/her behalf whilst the auction is being conducted
    NOTE: items above subject to change prior to the Auction date

     

  4. CLOSE OF ESCROW

  5. Close of Escrow at a reputable Title Company using conventional allocations of costs for Buyer and Seller as customary for each county.