AUCTION DUE DILIGENCE INFORMATION

Auction Management Form

To assist you in capturing all relevant due diligence information and organizing it in a systematic way, United Country has developed an Auction Management form available to download HERE along with a full tutorial webinar on how to use the form HERE.  This form will also assist you by offering a single location to store additional auction information including seller contact details, property details, auction terms, auction strategy, auction marketing details, showing and open house information, auction staff information, auction day arrangements, buyer information and closing/post auction information. 

Auction Due Diligence Information

It is important to have sufficient information about the property for both your auction qualification and marketing efforts as well as to make as much information available to potential buyers so they can perform their own due diligence and make an informed decision prior to bidding at the auction.  As the auctioneer, you will need to gather these facts and information from the seller.  The list below reflects general information you will need to collect from your seller for due diligence, items will vary based on property. 

 Real Estate Sales:

      • Property Description
      • Legal Description
      • Inspection
      • Appraisal
      • Tax Information (Including Paid Tax Receipts)
      • Warranty Information
      • Surveys/Plats/Topo/Soil/Maps
      • Disclosures
      • Title Commitment
      • Mortgage Information
      • Information About Any Furniture, Fixtures, Equipment Included In The Sale
      • Restrictions
      • Property Condition Issues
      • Environmental Issues
      • Income Production Information (Leases, Etc.)

Personal Property Sales:

      • Item Descriptions
      • Appraisals
      • Certificates Of Authenticity
      • Titles
      • Purchase Receipts
      • Maintenance Receipts
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