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One Call Does It All... Buy, Borrow or Sell TM Call Jasmine at 626.512.3431 California Real Estate Broker CA DRE License # 01733307 Registered Mortgage Loan Originator NMLS License # 287520 |
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Auction bidders are usually required to be pre-registered with the auctioneer and to arrive at the auction with a non-refundable deposit in order to participate in the bidding process. All sales are final regardless of the appraised value or whether the buyer can get a loan on the property. Therefore, it would behoove a bidder to be knowledgeable of the local real estate market where the property is located. This can be accomplished by working with a Licensed Real Estate Broker that can assist you with an experienced decision regarding the value of the property. The winning bidder will forfeit their non-refundable deposit if they can not close escrow on the property.
There are 2 basic types of Real Estate Auctions, On Site Auctions and Online Auctions. In either case the auctioned real estate is acquired AS IS and WHERE IS so it would be a good idea to conduct a thorough on site inspection of the property prior to bidding. Your Licensed Real Estate Broker can assist you with this and can also contact a professional home inspection company for you.
On Site Real Estate Auctions are typically conducted by professional auctioneers that may or may not have a real estate license and are generally preferred by sellers. The auction bidding process can be conducted in either of the following 3 ways: Absolute Bid, Minimum Bid and Reserve.
In an Absolute Bid auction, the property is sold to the highest bidder regardless of the bid amount.
A Minimum Bid auction would define the amount required in order to submit the starting bid. The property is sold to the highest bidder that meets or exceeds the minimum bid amount.
A Reserve auction would allow the seller to set the amount required in order to finalize the sale. The property is sold to the highest bidder as long as it is at least equal to the reserve amount.
One significant point to keep in mind when you are bidding on a property is that the high bid is NOT the final sales price of the property. Someone has to pay the auction company and it is not the seller. The high bidder pays the auction company an amount usually equal to five percent (5%) to ten percent (10%) of the high bid. This will vary by auction company but for examples sake, if the high bid for a property is $300,000, the final sales price may be $330,000 (bid + 10%) which is the amount that would be reflected on the county records.
You must keep the final sales price in mind when you are bidding. Since you do not have a loan contingency you should not bid on a property unless you have a lender loan commitment for an amount certain. However, the lender's loan commitment will be contingent upon the property appraising at the final sales price. As mentioned above, you do not have an appraisal contingency at auction either. Consequently, if the property does not appraise for the final sales price, you will have to make up the difference with funds from another source, usually your bank account. Otherwise, you will forfeit your non-refundable deposit if you do not close the escrow.
Auctions are serious business and FLAG PIN MORTGAGE can help you secure the necessary lender loan commitment. Be prepared to capitalize on your investment rather than squander your non-refundable deposit. Flag Pin Mortgage features Purchase Loans and Refinance Loans with No Broker Origination Fee when you buy thru Flag Pin Realty. You SAVE with Flag Pin Mortgage since they broker home loans thru dozens of lenders and can shop a lower home loan interest rate for you. Whether your home loan requirements are for a conforming home loan, a jumbo home loan, a super jumbo home loan or a mega home loan, their loan officers are ready to assist you with your finance needs.
Foreclosures / REOs / Lender Owned
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Thinking of buying a NEW home?
The Builder's Agent does NOT represent YOU !!!
Flag Pin Realty
can represent YOU ... with YOUR interest in mind !!!
Call 951.736.7871 TODAY !!!
Orange County Register New Homes
Los Angeles Times New and Existing Homes
We Specialize in Luxury, Golf and Coastal Real Estate & Homes | ||
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Eagle Glen,
Chase Ranch, |
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Didn't Find Your Dream Home?
Search the MLS
Then eMail or CALL Us To
Set Up A Viewing Appointment !!!
Click to Search the Multi Regional MLS
Search the Internet
Then eMail or CALL Us To
Determine Whether The Property Is REALLY Available !!!
Search the Internet for Local Real Estate with www.Realtor.com
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Sign Up For The FTC
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(Don't Forget To Register Your Cell Phone & Fax Machine Too)
The information presented on this Web site is deemed reliable, though not guaranteed.
Some of the information presented here may have been estimated and
some of it may have been provided by the Seller.
SELLERS TEND TO EXAGGERATE!!!
BUYERS MUST VERIFY ALL INFORMATION!!!
All Information, including but not limited to List Prices and Loan Rates, is subject to change without notice.
* Special Loan Programs are subject to certain restrictions. Ask your Loan Officer for details.
CORONA, RIVERSIDE Homes for Sale, Real Estate, Loans - Séan McAlary, Broker
Real Estate, Homes, Golf Property, Land, Riverside County Mortgage Loans, Corona, Eagle Glen, Chase Ranch, Dos Lagos, The Retreat, Trilogy, Seven Oaks, Crown Ranch, The Pinnacle, Mountain Gate, Sierra Del Oro, Sycamore Creek, Montecito Ranch, Horsethief Canyon, Lake Elsinore, Norco, Eastvale, Victoria Grove, Orangecrest, Loring Ranch, Murrieta, Temecula, CA Ocean Front Real Estate, Beach Homes
No matter where you live, you can use the Internet to access our Southern California
Real Estate for sale or lease. Simply click Search the MLS here or on the left side of your screen.
Riverside County, CA makes up part of the Inland Empire and is one of the fastest growing counties in
the USA. On the west,
Riverside County borders
Orange County.
Corona, CA is the western most city in
Riverside County and consequently borders
Orange County. In recent years
Corona has become the fastest growing city in
Riverside County due to it’s proximity to the job market in
Orange County. Some of the more popular established neighborhoods in
Corona are
Eagle Glen,
Chase Ranch,
Seven Oaks,
Mountain Gate, Sierra Del Oro & Green River.
These are in zip codes 92881, 92882, 92883. Corona also encompasses zip codes 92879 and 92880.
Green River started blossoming in the 1980's during the Inland Empire's initial growth period due to
the exodus from
Orange County &
Los Angeles County. Development of the
Mountain Gate community started in approximately 1996 and lasted for several years.
Eagle Glen was the first of the communities designed around a championship golf course.
Eagle Glen,
Chase Ranch,
Dos Lagos,
The Retreat,
Trilogy,
Crown Ranch,
Montecito Ranch,
Sycamore Creek &
Eastvale
represent the newest developments in
Corona
and are products of the 21st Century. Of these,
Chase Ranch
home owners are allowed to maintain RV's on their property while
Dos Lagos,
The Retreat,
Trilogy,
Seven Oaks &
Crown Ranch are gated communities.
Click Here to read an article from the LA Times describing
Sycamore Creek. You can also get information about Sycamore Creek at
www.SycamoreCreekHomes.com.
Riverside County has since become famous for its many golf courses. Today's new home builders are designing communities around high profile golf courses designed by such famous names as the Dye family & Jack Nicklaus. Golf course lots & golf course view lots are in high demand and consequently command a premium.
In 2005,
Eagle Glen became such a hot real estate market that the Board of Directors passed a
sign regulation to limit the signs that were being posted in the neighborhood.
Norco is situated just north of Corona & is actually an abbreviation for
NORth COrona.
Norco is famous for its horse property & much of the property in
Norco requires a portion of the land to be set aside for animals.
Eastvale is located north of
Norco and both are bisected by Interstate 15. Corona Valley is near the intersection of the 60 Freeway.
Victoria Grove,
Orangecrest and
Loring Ranch are all east of
Corona and represent fine areas of
Riverside County also.
Victoria Grove is a good example of an up & coming gated community in
Riverside County.
You can also use the Internet to access our properties in any California City including:
Anaheim Hills,
Orange,
Villa Park,
Yorba Linda,
Brea,
Fullerton,
Placentia,
Murrieta,
Temecula,
Bear Creek,
La Costa, La Cresta, Long Beach,
Huntington Beach,
Fountain Valley,
Costa Mesa,
Balboa Island,
Newport Beach,
Newporter,
Crystal Cove,
Emerald Bay,
Laguna Beach,
Dana Point,
San Juan Capistrano and
San Clemente.
FLAG PIN MORTGAGE features Home Purchase Loans with No Broker Origination Fee when you purchase your home thru Flag Pin Realty. You SAVE with Flag Pin Mortgage since we broker our Home Loans thru multiple lenders and can shop a lower home loan interest rate for you. Whether your Home Loan requirements are for a conforming home loan, a jumbo home loan, a super jumbo home loan or a mega home loan, our loan officers are ready to assist you with your finance needs.
Real Estate Best
http://www.realestatebest.com/index.php?t=sub_pages&cat=3514
LinkRE.com
Real Estate Directory and Resources.
http://www.linkre.com/agents-brokers/california/corona
Real Estate Link Exchange
http://www.realestatelinkexchange.com/ Home > Agents & Brokers > California > Corona
Real Estate Popular
Residential Real Estate Services and Real Estate Professionals Resource
http://www.realestatepopular.com/index.php?t=sub_pages&cat=286
@LA
The guide to Greater Los Angeles and Southern California
http://www.at-la.com/cities/Corona/real.htm#agents
ABC's of Real Estate
A consumer information web site loaded with real estate information and tools, located at
http://www.RealEstateABC.com Top 100
CaliforniaRealEstateDirectory.com
http://www.californiarealestatedirectory.com/golf_communities/
Real Estate, Homes & Loans Link Exchange
Real-Estate-Agents.com
http://real-estate-agents.com/in/US/California/
California Real Estate Agents
Need Directions to a Property?
CORONA, RIVERSIDE Homes for Sale, Real Estate, Loans - Séan McAlary, Broker
Real Estate, Homes, Golf Property, Land, Riverside County Mortgage Loans, Corona, Eagle Glen, Chase Ranch, Dos Lagos, The Retreat, Trilogy, Seven Oaks, Crown Ranch, The Pinnacle, Mountain Gate, Sierra Del Oro, Sycamore Creek, Montecito Ranch, Horsethief Canyon, Lake Elsinore, Norco, Eastvale, Victoria Grove, Orangecrest, Loring Ranch, Murrieta, Temecula, CA Ocean Front Real Estate, Beach Homes
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Neighborhood Web Sites AmberHill Homes Los Angeles County Agoura Hills City Of Industry Compton Covina Lakewood Long Beach Orange County Anaheim Anaheim Hills Newport Yorba Linda Riverside County Corona Chase Ranch Crown Ranch Dos Lagos Eagle Glen Horsethief Canyon Montecito Ranch Mountain Gate Seven Oaks Sierra Del Oro Sycamore Creek The Retreat Trilogy Eastvale Lake Elsinore Menifee Moreno Valley Murrieta Norco Perris Riverside Loring Ranch Orangecrest Victoria Grove Whitegate Temecula San Bernardino County Chino Chino Hills Fontana Ontario Rancho Cucamonga Rialto San Bernardino Victorville San Diego County Flag Pin Mortgage Flag Pin Realty 
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