ANSWER:   Next to none.  No prior auction experience is required to participate in our auction events.  At United Country Multi-Property Auction events we believe in making the bidding easy, fun, and exciting for everyone.  We will have knowledgeable and experienced auction staff that will assist you with any questions you may have prior to bidding.  Above all we want to make sure you are comfortable with the process and ready to place a bid before you bid on any lots during the auction.    

ANSWER:   Depending on the location of the auction event, we will have
a wide range of properties to offer to the public.  In the inner city and metropolitan areas you could expect to see primarily residential, commercial /industrial, and development properties offered.  If you attend an event in a more rural part of the country you could expect to see some of the above properties with a mix of rural land, recreational, hunting and fishing properties, and farms included in the auction.  United Country Auction Services offers a wide variety of properties to meet the needs of our
clients across the U.S.    

ANSWER:   Upon arrival you will be directed to the auction registration
table at the auction event and a customer service representative will take you through the registration process.  You will be asked to present a valid form of photo ID (such as a driver’s license, etc).  Some events require you to present a check of guaranteed funds to register for the event.  Make sure to view the registration process for each event you plan on attending as they can vary
from one to another.

ANSWER:   It is our recommendation that you personally view and inspect any property that you are thinking about bidding on.  Bidding on a property sight unseen is not a good business practice and is highly discouraged by the auction company.  You will be required to sign the disclosure forms and property information forms at the auction when you purchase the property and the properties are being offered “as-is” without warranty, unless stated otherwise in the property announcements.  Remember that when you place
a bid on a property at an auction you are agreeing that you have seen the property, reviewed the information about the property, and are comfortable with your decision to make this purchase.     

ANSWER:   United Country Home Mortgage and United Country Land Finance are going to be present at the Multi-Property Auction to offer financing options to buyers. Our representatives will be available before the auction starts as well as immediately after you become the winning bidder to assist you in choosing the best financing option to suit your needs. You can also pre-qualify for financing before the auction by checking the pre-qualification box on the Bidder Registration Form.  Remember to get your financing approval prior to placing any bids at the auction as the properties are being sold “as-is” and the sale is not contingent upon your ability to
obtain financing.      

ANSWER:   You are welcome to use any lending institution you choose.  United Country Home Mortgage and United Country Land Finance will be available for your convenience if you choose to use them.  Remember that the financing approval is the bidder’s responsibility and you should have this approval before placing any bids during the auction.  Try to choose a lender that is familiar with the auction process and will be able to help you with specific questions you may have regarding purchasing a property at
public auction.        

ANSWER:   You are able to purchase as many as you want.  You will have separate sales agreements, disclosures, information forms, etc for each property you purchase at the auction.  You may be required to register as
a “Multiple Bidder” and will need to check the registration process at the auction for this information.  You will also be required to place the earnest money (down payment) on each individual property that you purchase at the auction.  If the terms are 10% down you will be required to put 10% down on each property you buy (check terms and conditions for specific
earnest money amount).        

ANSWER:   Closing generally occurs within 30 days following the auction event.  Make sure to review the purchase agreements for specific details
as to closing times, location, etc.        

ANSWER:   No.  The purchase agreements cannot be assigned to any party other than the person that is registered for the auction event and signed the purchase agreements.  Anyone who purchases property at the auction and signs the purchase agreements will be required to follow and close on the property they purchased.        

ANSWER:   All inspections must be conducted prior to placing any bids on a property at the auction.  All bidders should be comfortable with placing their bids based on any previous inspection they have already completed.  Any winning bids achieved at the auction are not subject to a post auction inspection.         

ANSWER:   A cashier’s check is a check issued by a financial institution
that is the same as a form of cash.  Once properly endorsed and received from the bank, it is a guaranteed payment that will be accepted for the amount it is made out for.     

Example:  A 10% Buyers Premium at an auction with the winning bid of $100,000 would make the total contract price of the property $110,000.  ($100,000 x 10% = $110,000).