Auction: Sunday, July 13th at the Long Beach Convention Center. Registration & Check-In @ 9:00am. Auction @ 11:00am. This property was previously valued to $515,000. The list price of $225,000 is the suggested opening bid. This is a rare opportunity to bid on a South Bay property starting well under 50% of its previous market value. This property will be sold “AS-IS” with no contingencies. In order to bid on this property at auction, you’ll need to follow these 5 steps: (1) Register [online, at an open house, or via fax] (2) Prequalify with one of Premiere Estates Auction Company's designated lenders (3) On auction day, bring a cashier’s check in the amount of $5,000 (owner occupied buyers)/$15,000 (non-owner occupied buyers) payable to yourself (4) On auction day, bring a personal check for the balance of the Earnest Money Deposit [Owner Occupied Buyers –3% of the total contract price, which includes the $5,000 Bidder Registration deposit. Non-Owner Occupied Buyers – 10% of the total contract price, which includes the $15,000 Bidder Registration deposit.] (5) Come to the event ready to bid!
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