COMMON BUYER QUESTIONS!
Is financing available on this home? Nearly all of our homes qualify for traditional financing!
Is this home a foreclosure or in terrible condition? No, our auction listings are neither foreclosure or in terrible condition. These sellers have simply chosen to sell their home the simple way!
How can I see the inside of the home? Fill out the form on this page for all viewing information!
Is this for Investors only? No, anyone who has been qualified for a home loan or has the ability to pay cash may bid!
Can I do an inspection on the property? Yes, you may do your own inspection on the property prior to closing. You may also fill out the form on this page and we will provide a link to a current inspection report performed by a TREC (Texas Real Estate Commission) licensed inspector!
How do I get financing? Fill out the form on this page and we will connect you with our lender who is familiar with all the details of the auction process! Or you may contact the lender of your choice!
How do I register to bid? Fill out the form on this page and we will send you all bidding instructions, viewing dates and times, and all other necessary information!
What’s a buyer’s premium? The buyers premium is an additional 10% fee that is added to the buyers final bid!
Can I still bid on this house, before I sell my house? You may bid ONLY if you can qualify to buy this home without selling your current home first. The Auction process does not allow for contingencies! However, Mike Mazyck Realty does offer multiple other programs that may make this Auction listing a possibility for you… including the ability to “Trade IN” your home without ever putting it on the MLS. Fill out the form on this page for more info on these programs!
Do I register as a bidder or does my agent register? The buyer (not the agent) always registers as the bidder!
Do I need an agent? Our agents at Mike Mazyck Realty are familiar with the entire Auction process and can walk you through everything! Fill out the form on this page to get the process started!
COMMON SELLER QUESTIONS!
What if I don’t get what I was wanting through the auction? You set the “reserve” price and are under no obligation to accept any offers.
Am I going to need to do any repairs to my house before selling? No, the house is sold as is. No need for repairs
Will I have to “show” my house? You will make your home available for 2 open houses! That’s it!! Our Auction Open Houses generate high demand and activity and therefore no other showings are necessary!
How much real estate commission do I pay? ZERO! All fees are paid by the buyer and are contained within the buyers premium!
How quickly do I need to move after the auction? That is negotiable between buyer and seller!
What fees do I pay from the sale of my house? Sellers typically pay title policy and other traditional seller closing costs. We normally estimate these at 1.5-2% of final sales price. Seller also pays any outstanding property taxes due at the time of closing!
What if I don’t have the survey, do I have to pay for a new one? Seller typically pays for survey but it is technically negotiable!
Can you help me find another house? Absolutely! Mike Mazyck Realty has great incentives for clients who use us to sell their home and buy another one!
What is your success rate with the Auction system? Currently, over 90% of our homes listed by auction have successfully closed!
How can I get started and/or get more information on selling my home through the Auction System? Fill out the form at the top of this page and I will contact you!
COMMON AGENT QUESTIONS!
Will I get paid? Yes! You will get paid at closing as normal.
How do I make sure I get paid? After your buyer submits the winning bid. You will submit the standard TREC promulgated contract on their behalf!
How can I show the home to my buyer? Fill out the form on this page and you will receive all viewing instructions!
Do I register as the bidder? No, it is your buyer who registers as the bidder. The agent submits the contract on buyer’s behalf only the buyer submits the winning bid!
Is there a seller’s disclosure? Yes, it is on the MLS listing!
How can my buyer register to bid? Simply fill out the form on this page and we will send you all bidding information and instructions. You may simply forward this information to your buyer!
Can you see what the last bid was? Yes, it’s a live online auction. Bids are posted and updated in real time.
Do my clients get an option period? The auction process does not allow for an option period!
Can we do an inspection? Yes, the buyer may do there own inspection of the property prior to closing. You may also fill out the form on this page and we will provide a link to a current inspection report performed by a TREC (Texas Real Estate Commission) licensed inspector!
Will the seller take a contingency? The auction process does not allow for contingencies!
AGENTS… Explode Your Business through Auctions!
Earn 3% commissions!
Sell your listings in 12 days!
No more negotiating repairs!
Each Auction Listing generates an average of 2-5 Buyer Closings AND 1-2 Listings!
At this time this is an exclusive partnership between Rusty Auctions and Mike Mazyck Realty.