Frequently Asked Questions
Contact Royal Auctions using the Seller contact form and request a call. It’s quick.
NO, Royal Auctions will sell your unwanted property with No commissions, No fees, No repairs, etc… Basically your only fees with be the standard closing / title fees.
Live auctions market to all of the cash buyers, investors and general population in the area and make them compete for your property. This way, you are guaranteed a much higher price. Competition equals a much higher price for your property.
Cash Buyers offer you the least amount of money because they are going to resell it and make a large profit. Usually, “cash buyer” or “cash offer” companies offer you a very low amount and if you accept it, then they “wholesale” your property to another investor and make a large amount of money. Common amounts are $30,000 – $50,000 and sometimes over $100,000 for just “wholesale” deal to another investor. The “Cash Buyer” companies try to make it sound like they are offering you an “easy” deal because they are making so much money when they resell it. This is your property and your money, you should keep the most amount of it, not “cash buyer” companies.
YES, Royal Auctions has realtor programs that allow any licensed real estate agent in Arizona to seller their client’s real estate with Royal Auctions and receive a 3% referral fee from Royal Auctions once the property is sold and closes. The Seller pays ZERO. NO Listing fees, NO Realtor Fees. ZERO fees.
NO, Not unless you want to conduct a Special Auction. When you sell through Royal Auctions, there are no showings. You don’t have to clean or make any repairs. Properties are sold “as is”. Property only has to be Vacant and “broom clean” if you sell under the “Green Light” category.
If you purchase a Green Light property, you will receive a General Warranty Deed with clean title. If you purchase a Yellow Light property, you will receive a Special Warranty Deed with clean title.
If you purchase a Red Light property, there is no guarantee of title or prior liens / judgements and Buyer should conduct their own title search prior to bidding.
All properties are sold “as is” with no contingencies. All contracts have a 21 day closing, with “time is of the essence”. All deposits are non-refundable. If you are planning getting financing, Royal Auctions and the Seller cannot guarantee access to the property for inspections or appraisals.
YES, Royal Auctions can schedule to meet you at the property and schedule a special auction date that is not on Super Tuesday.
YES, Royal Auctions allows assignment auctions on Super Tuesday under the Yellow Light category.
YES and NO. If you buy a Green Light property, then yes. The property will be vacant and you will receive keys at closing. If you purchase a Yellow Light or Red Light property, keys are not guaranteed.
If you are purchasing a Green Light property, you should get homeowners insurance at closing. If you are purchasing a Yellow Light or Red Light property, Royal Auctions suggests you get insurance immediately after the auction.
If you are purchasing a Green Light or Yellow Light property, all real estate taxes will be pro-rated to the day of closing. If you are purchasing a Red Light property, all real estate taxes will be pro-rated to the day of auction.
NO, Great American Title Company has been retained to conduct these closings as a priority and is well versed in getting all deals closed within the 21 day time frame. Royal Auctions does reserve the right to change title companies. All buyers can have the paperwork reviewed by their attorney, but closing are to take place at Great American Title Company.
All Green Light properties will be Vacant at closing. Yellow Light and Red Light properties may have people still living in the property. The Seller is not responsible to have the property Vacant at closing on Yellow or Red Light properties. Buyer’s should consult their attorney on removing any occupants and Tenant’s Rights.
All Green Light properties will be Vacant at Closing. Yellow Light and Red Light properties my have Tenants in the properties with Leases. Buyer’s are to consult with their attorney regarding Tenants Rights. If Leases are available, the Seller will provide the lease to the new buyer at closing. Red Light properties, the seller will not provide any leases if Tenants are in property.
