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Tips for Purchasing Property at Auction Events


If you are planning on bidding at one of the several auctions in Ohio, it’s essential to come prepared. Taking some time to prepare will increase your chances of success especially if you plan on acquiring your next home. Before diving into the process, here are a few tips to keep in mind:

  • Check your financial capacity.
    To bid for a property, you need to register first. On the day of the auction, a 10% deposit is usually required. Hence, it’s important to check your financial capacity beforehand to give you a better idea of your budget. In addition to the 10% deposit, you may also need written approval on the day of the auction.
  • Know what items to bring.
    If you plan on bidding on the auction day, be sure to bring the essential documents. This includes a bidder number and identification, such as a passport or driver’s license. Check with your estate auctioneer to determine other items you need to bring for a successful auction event.
  • Familiarize yourself with auction terms.
    During auctioning events, certain words and conditions are used throughout by bidders and sellers alike. So, make sure to read and fully understand the terms and conditions before bidding. These words are usually displayed at the event. You can also ask your auction service provider if you have further questions.

Bender Auctions is your go-to auctioneer in Massillon, Ohio. Established more than 20 years ago, we leverage our years of experience in auctions and utilize the best marketing strategies to help you find the best deals. Schedule a consultation with us and contact us directly for inquiries regarding our services.

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