| 1 |
Who owns
the property being sold ? |
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Real Estate Bargains and their
related associates have purchased all of the
properties that are for sale. Real Estate Bargains
is not a Realtor or a Broker. We own the
properties we're selling. Because you're
purchasing directly from the seller, you lower
your cost by cutting out the "middleman." |
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| 2 |
Should I visit and inspect
the property before committing to purchase? |
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Yes. We encourage our buyers to
view or have their purchase inspected prior to
bidding or committing to any purchase. In case of
vacant land it is recommended that you check with
the county for information on the land you are
interested in. This includes zoning and different
approved uses of the property. |
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| 3 |
Is this the full purchase price of the property? |
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Yes, you are paying on the full
purchase price of the property unless stated otherwise
in the listing. |
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| 4 |
I am interested in your
property. Is there a number where I can reach
you? |
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Give us a call or email us. Our
contact information is listed in the “Contact
Us” section. |
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| 5 |
What if I am the winning
bidder of a property on one of the auctions and decide later that I don't
want it? |
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All sales are final so make sure
to do your due diligence before making any bids at
auction. If the highest bidder defaults, under
Californian State Law (Revenue and Taxation Code
Section 3456 3456), Real Estate Bargains will not
resort to the second highest bidder. This can
trigger following actions:
(a) Real Estate Bargains shall have a claim
against the bidder for setup/hosting expenses,
revenue/time lost, and attorney fees.
(1) If a bidder does not pay the claim arising
under subdivision (a) within 30 days after the
notice is sent, The following shall apply:
- The Real Estate Bargains may utilize any
means authorized by law to collect the claim,
including, but not limited to, transferring the
amount of the claim to the unsecured
roll/collection agencies. Notification will also
be sent to various credit agencies.
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| 6 |
Where do the properties come
from that are sold by your company? |
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We purchase properties from
estate sales, government auctions, trusts,
foreclosures, and private parties. |
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| 7 |
Are there any liens? |
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There are no liens or any
mortgages on the properties we offer. We will
issue warranty deed with insurable title. Our
properties are all purchased through title
companies and we guarantee a clean title. |
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| 8 |
Will you finance any or part
of this purchase? |
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Most of the properties we offer
are based on cash prices unless stated otherwise
in the listing. Please make sure your funds are
available at the time of your bid. |
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| 9 |
How much time do I have to
pay for my purchase? |
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For Auction listings,
you will be required to make a non-refundable
deposit (that goes toward the purchase price of
the property) of $3,500.00 within 1 days after the
auction thru certified check received via next day
express mail. Once the deposit amount is received,
we will send you Purchase Agreement for you to
review & sign. Please return the signed
Purchase Agreement along with the balance to us
using next day delivery (we will allow more time
for overseas buyers).
For Non Auction Listings the time is based upon the mutual agreement between the buyer and Real Estate Bargains |
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| 10 |
Can I use my credit card for
the entire purchase? |
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We will accept
up to $3500 for the initial deposit by credit card, and then the balance must follow by
cashiers check or by bank wire transfer. |
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| 11 |
How is the closing
conducted? |
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We will complete all deed
paperwork and overnight the original deed to
county for recording and send a copy to you. We do
not mind using an escrow office for the closing if
this makes you feel more comfortable but we must
receive the down payment before the escrow will be
opened. |
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| 12 |
Can you give me an estimate
on repairs? |
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We do not always physically go to the
properties we buy. We rely on information from our
trusted sources in the cities we purchase the
properties in. If there are issues noted in our
file, we will pass it on to the potential buyer in
our listings. We do not hire contractors, or
inspectors to view our properties. There are some
rare cases where we have had someone bid out
repairs and if we do, it will be passed on to any
potential purchaser. |
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| 13 |
I live outside of the
country. Can I purchase property in the USA? |
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Yes you can and we sell a lot of
properties to foreign investors. The only change
in policy is the amount of time it will take for
priority mail times. All funds for purchase shall
be made by wire transfer in US funds only. |
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| 14 |
How much do you think the
property is worth now and when it is fixed up? |
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We will have that information in
our listing. It should be noted however that we
gather that information from various sources on
internet. |
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| 15 |
I see that there are
properties that have been sold on the auction
site, but they are still listed on your site. Are
they still available? |
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Properties will remain for sale
on our site until a deposit is made. Sometimes we
get fraud bids and will need to re-list a
property. For that reason, we do not remove any
listing from our site until we have a
deposit. |
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| 16 |
Do you have a property
manager I can use? |
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We may have some contacts for
the cities we purchase properties in, but you are
responsible for obtaining your own property
manager. If we have someone to recommend, we will
provide that information to the buyer once payment
has been made. |
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| 17 |
How much are the rents in
the area? |
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We will list what we think the
rent is or should be in our listing. Otherwise, we
are unaware of the current rental values in the
area. Rental information can be obtained from any
local property manager in the area. |
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| 18 |
I saw this property listed a
while ago. What happened? |
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Sometimes we have bidders that
aren’t prepared to close or fund the transaction.
We are forced to re-list some properties more than
once due to fraud bidders as well.
Please read each listing
carefully. You questions are most likely in our
listing. In case you still have some questions to
ask than feel free to contact us via phone or
email. |
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