I am looking for foreclosure properties and auctions and have seen the name Williams and Williams quite a bit.  Could you tell me more about this company and their services?

Williams and Williams is a real estate company that specializes in property auctions both for online and live events.  Williams and Williams commit themselves to the mission of making the real estate market as transparent as possible to ensure that exchanges of real estate properties occur at the fair market value.  This ensures the most fair dealings for both buyers and sellers with Williams and Williams property auctions.  Williams and Williams also aims to lower costs for both buyers and sellers by cutting out the middle men and eliminating sales barriers.

Williams and Williams was founded in 1977 and has grown to be one of the most respected marketplaces in both online and live auctions for foreclosure properties and real estate transactions.

What is the one unique format of buyer’s choice that I keep hearing about with Williams and Williams?

Williams and Williams run a unique format with some of their property auctions called buyer’s choice.  In this Williams and Williams format, there is no order nor actual property being auctioned per se.  The buyers are bidding for the chance to pick with properties they want at the price they bid.  The winning bidder in this Williams and Williams auction format gets to pick the foreclosure property they want at that price, and in fact can choose multiple properties at that same price.  The second place bidder never gets to choose or purchase a property.  When the winning bidder is done picking which properties he or she wants at the winnign price, the bidding process starts over with this Williams and Williams auction format.  This format repeats until all the properties and lots of real estate have been sold.

What types of properties can a person find with Williams and Williams Auctions?

Williams and Williams Auctions include properties such as residential properties (single family, multi-unit, condos, apartments), commerical properties, premier properties, and farms and ranches.

What should I do before attending a Williams and Williams Auction for foreclosure properties?

You should obtain a listing of the properties available from Williams and Williams Auctions so that you can see which you may be interested in.  For each foreclosure property which generates some interest for you, you should visit the property to better assess its condition and neighborhood since all the properties are sold as is in its present condition.  Each listing will have information and directions for the times and agents to contact for the open houses so that you can get a more extensive idea of the Williams and Williams Auctin property that you are interested in.  You may also with to bring along a general contractor to the open house with you to inspect the property more fully or bring along a real estate agent familiar with that local market to better assess the property’s value.

What should I do to prepare for a Williams and Williams Auction once I have picked out some properties I want to bid on?

At least 30 days before the live or online auction date is when you will want to prepare.  This includes asking question of Williams and Williams Auction customer service representatives should you have any questions and familiarizing yourself with the auction process so you feel comfortable.  You will have to register the Williams and Williams Auction at this time as well but the process should only take a few minutes.

Before attending a live auction from Williams and Williams, prepare your documents and forms of identification that you will need as well as the cashier’s and personal checks to cover the deposits and costs.  You may also with to arrange for financing and approval for a loan ahead of time to facilitate the buying and title transfer process.  It might also be a good idea to bring along a real estate agent especially one familiar with purchasing foreclosure properties with you to the Williams and Williams Auction to advice you and help you wiht a smooth title transfer.

Am I allowed to have a real estate agent or broker familiar with the local real estate market with me at the Williams and Williams Auction to help facilitate the buying process?

Absolutely, and in fact Williams and Williams will pay a commission to your real estate broker provided that he or she registers with the auction ahead of time and stays by yourself through the purchasing process to provide his or her expertise and advice.

I am worried that since these are foreclosure properties that the titles I receive from buying them might have liens on it?

All foreclosure properties purchase through Williams and Williams have already concluded the foreclosure process and will be free of any liens.  The insurable title for the property will be provided once all agreements have been concluded and payments made in full.

Can I choose the title company for the title transfer or even use a title company that I may own or operate?

The title company used for the insurable title transfer will be specified in the purchasing contracts and agreements.