Answers to our most frequently asked questions.
How much does it cost to sell a house with Jay Edwards?
The only cost to you is advertising, but it can cost nothing! Call our office at 410-569-4125 to discuss potential pricing.
What do I need to include on the Broker Co-Op Form?
The name and signature of a broker with an active registration in the state of the auction. The name(s) and signature(s) of the prospective purchaser(s). If there is a real estate agent involved, then you must also include the name and signature of said real estate agent with an active registration in the state of the auction. Please note that submitting a Broker Co-Op Form does not register the prospective purchaser to bid at the auction.
How does a buyer’s premium work?
A buyer’s premium is applied to the high bid price. For example, with a buyer’s premium of 10% and a high bid of $100,000.00, the sale price would be $100,000.00 + (10% X $100,000.00) = $110,000.00. This means that the amount you are willing to spend should not be the same as the amount you are willing to bid.
How can I tour the property I am interested in?
If you are working with a real estate agent, they may schedule a tour through ShowingTime. If you are not working with a real estate agent, please call our office at 410-569-4125 to schedule a tour of the property. The property will also be open to registered bidders one hour prior to the start of the auction.
How do I register to bid?
For live auctions occurring on site of the property that is to be sold, registration begins one hour prior to the start of the auction. You must present the deposit specified in the listing and provide the staff with your name and contact information. Please note that there is no pre-registration for a live auction.
What should I bring to the auction?
You should bring the necessary deposit and a photo ID.
If I am bringing my deposit in the form of a cashier's check, who should it be made payable to?
Cashier's check should be made payable to Jay Edwards & Associates, LLC; however, they can be made payable to yourself and endorsed to the company if you win the high bid.
Where can I find the legal documents for an auction?
Legal documents are available for each auction. Simply choose the auction you are interested in and select documents, from here you can open and download the available documents. These documents are subject to change and are not always comprehensive of all documents signed at the sale.