Buying at Vallot
Vallot's auctions offer individuals, investors, real estate companies and institutions a wide range of opportunities to participate in one of the most exciting real estate markets in the world. Our auctions are transparent, easy to follow, professionally conducted events with all the information you'll need to make informed bids.
THE BENEFITS OF BUYING PROPERTY AT A VALLOT SALE
- Our auctions give you an even chance, on a level playing field, to compete for properties being offered by sellers motivated to sell.
- The auction takes the guess work out of your offers; at the end of the day, it's the highest bid that determines the price and the new owner of the property.
- We'll get you started, long before the auction, with the information that you'll need to make an informed decision when bidding. Each property is listed with its own unique terms of sale. This includes: property inspection dates, property disclosures, financing terms, closing costs and the contract terms.
- You'll have plenty of time to consult with your trusted advisors (lawyer, lender and accountant) to review the terms of sale and understand how they might affect your decision to bid.
- Many properties offer inspection dates prior to auctions. This is your chance to visit the properties with another group of your trusted advisors (engineers, contractors, and trades people) to inspect the property. We encourage bidders to seek independent advice when conducting inspections.
- Anyone can participate in our auctions. They are open to the public and attending does not require that you bid. You can just come and watch.
- To bid you will need to register. Registration is available prior to and on the auction date. There is no cost to register.
- At the time of registration you will be asked to make a deposit to secure your bid. If you're the high bidder it will be applied to the purchase price. If not, your deposit will be refunded at the end of bidding.
- Some properties are sold subject to a buyer's premium, others are offered without a buyer's premium. The terms of sale will specify what the buyer's premium is for each property.
- If you are the winning bidder you will close (complete the purchase of the property) at a fixed date after the auction, at which time you will pay the balance of the purchase price and become the new owner.