Our auction innovation puts you in the "Box Seat" to buy the property on auction day and if you miss out, you'll get paid.
To get a FREE copy of our Report - "Discover the Secret that Makes Buying & Selling Property at Auction Easier", Click Here.
Why Would a Buyer Want to Use the Auction Guarantee System?
N.B. With an Auction Guarantee, a buyer is known as an Auction Guarantor.
There are many reasons why people looking to buy a property at auction would want to be an Auction Guarantor. These include;
* It Puts You in the "Box Seat" to Buy the Property.
As the Auction Guarantor you are putting yourself in the best position to buy the property. If on auction day if there's no bidders or the property is passed in, the property is yours. There’s no more post auction negotiation, stress or mind games to endure.
If you think about it, you were happy to pay the reserve price (guaranteed price) before the auction.
If the bidding goes over the reserve price, you can continue to bid on the property and if you are the highest bidder, the actual price you pay for the property is your winning bid less your share of the profit, in other words – you can buy the property below market value by the amount of your Profit Share.
* You Can Make $$$ Even if they Miss Out on the Property at the Auction.
Once the bidding goes over the Auction Guarantee Sale Price (reserve price), you are no longer obligated to bid or buy the property (you can still bid if they wish to).
What this also means is that the Profit Share arrangement between the Seller and you is triggered meaning that you will receive your Share of the Profit.
How much? It depends on how much the highest bid goes over the reserve price.
As an example, if the highest bid went $50,000 over the reserve price and your profit share was 10%, you would receive $5,000 (N.B the final figure could be lower as for demonstration purposes, fees etc have not been included in this calculation).
* You Can Buy a Property Under Market Price.
As mentioned above, if the bidding goes over the reserve price, you can continue to bid on the property and if you are the highest bidder, the actual (net) price you pay for the property is your winning bid less your share of the profit.
In other words – you can buy the property below market value by the amount of your Profit Share.
As an example, if your winning bid was $650,000 ($50,000 over the reserve price) and your profit share was 10% ($5,000), the net price you pay for the property is $645,000 ($650,000 - $5,000).
N.B the final net figure could be higher as for demonstration purposes, fees etc have not been included in this calculation).
Learn More
If you would like to learn more about the Auction Guarantee system be sure to watch our explanation videos or please contact us at info@auctionguarantee.com.au
To get a FREE copy of our Report - "Discover the Secret that Makes Buying & Selling Property at Auction Easier", Click Here.