Auction Tips for
First-Time Buyers

Find out as much as you can about the property before auction day. Review all Wilson Auctioneers advertising for property details, and request a Property Information Package (PIP) by emailing info@wilsonauctioneers.com or downloading it from our website — typically available within 10 days of the auction.

Our Property Information Packages contain property photos, descriptions, terms of sale, legal descriptions, and other key details — available in hard copy or as a downloadable PDF. Read it cover to cover before you show up to bid.

Take full advantage of any previews or special inspections offered by Wilson Auctioneers. Seeing the property firsthand — or sending a representative — helps you determine value and desirability so you can bid with confidence. All properties are sold as-is.

Know your mortgage qualifications before you bid. There is never a financing contingency in a real estate auction — if you are the high bidder, you are buying. Transactions generally close within 30 days. Pre-qualify with your banker or mortgage company before auction day.

Sign up for Auction Alerts and observe one or more auctions before you bid. The process moves quickly — knowing what to expect makes all the difference when it’s your turn. Can’t find one nearby? Call us at 501-624-1825 or toll free at 1-877-BID2BUY.

Arrive at the auction site about one hour before the start. Early arrival gives you time to consult with on-site staff and ask last-minute questions. Upon registration you’ll receive a Bid Packet with your bid number, Terms of Sale, Purchase and Sale Agreement, and a copy of the PIP.

If you are the high bidder, you’ll be required to sign a purchase agreement and provide an earnest money deposit on the spot. Deposits must be in the form of cash, certified check, or bank check. Deposit requirements are clearly listed in the Terms section of all Wilson Auctioneers advertising.

Before bidding begins, our auctioneers conduct a question and answer period. This is your last opportunity to ask any questions before the auction starts. Come prepared — have your questions ready and listen carefully to all announcements made at the sale.

Bid until you’ve won or reached your limit. You can only buy at your price if you bid at your price. Determine your maximum before you arrive, don’t be afraid to bid early, and stay confident. Most other bidders are willing to pay just as much as you — so be decisive. Good luck!

Our team is ready to answer your questions about specific properties or the auction process. Reach us by phone at 501-624-1825, toll free at 1-877-BID2BUY, or by email at info@wilsonauctioneers.com. We’re here to help you succeed.