Categoría: Living in Mexico – We Have All The Lifestyle Information You Will Need.

  • Vallarta: Seeking Survival

    Refugees: Though they won’t be traveling through Puerto Vallarta, and whether you’re sympathetic to the plight of droves of refugees seeking asylum in the United States, it’s beneficial to understand why they are heading in that direction. We are proud of the fact that Mexico, the country they are passing through, has given more aid and understanding than most expected, including the migrants. Mexico has taken on the task of asking the UN for support, and approaching this issue of tragic proportion with humanitarian and charitable actions. In a statement to the UN, the Mexican Foreign Ministry “seeks to guarantee the security and integrity of migrants, particularly minors, the elderly and women, and to avoid people being deceived by international criminal organizations dedicated to human trafficking, who put their lives in danger…”

    Most of these people are coming from Honduras, El Salvador and Guatemala, countries where the lives of so many are in danger as a direct result of meddling over the past few decades by the US government. The interference in elections, providing of arms to rebels and government sources, the presence of US armed forces, and the lack of assistance where it has been truly needed in these countries contribute to the mass movement of desperate human beings seeking survival.

    Problems began more than a century ago, with US based businesses taking over banking and infiltrating federal and local governments. Think banana and you’re off to a good start understanding the foundation of this dilemma. Very few people realize the US Dollar is the official currency of countries, of which the US has taken over financial systems, including El Salvador and Ecuador. During the 1980’s, the dominance of US politics in Central America was so effectual that tongue犀利士
    -in-cheek references were made to the Pentagon Republic. For a complete history lesson on US interference in Latin America, once can find some astounding revelations by researching Nicaragua, Reagan, and contra rebels. Where humanitarian aid was needed, all that was given was military aid. Arms dealers made millions during this period while citizens became nothing more than casualties.

    It was at this time that Central Americans embarked on serious migration efforts to North America by whatever means they could find. Central Americans have been seeking security in the United States for nearly half a century. Both Republican and Democrat administrations are responsible for abetting atrocities. Washington DC has long been willing to fail to notice the ongoing corruption of crooked regimes, in support of the ruling elite. A selected few continue to make the decisions and reap the returns, while families, single mothers with children, elderly, and the desperately unemployed seek refuge, banging on a glass door few are able to shatter. All that seems to matter is US economic gain to a handful or enormously wealthy individuals.

    Que es cómo es.

    ————————
    Timothy Real Estate Group is a locally-owned and operated real estate brokerage with a strategic location in the Romantic Zone of Puerto Vallarta in the Colonia Emiliano Zapata. Because the Puerto Vallarta area has varying neighborhood personalities, we practice localized real estate. We believe neighborhood knowledge is a top factor in solid sales, and we know our communities well.

    We enable our clients to realize their vision for the future.  We understand and plan for their concerns and are dedicated to transforming those concerns to peace of mind and joy.

    Our philosophy of transparency, integrity, and professionalism imbues our culture with a tangible sense of purpose and results in the length and depth of the quality relationships we enjoy.  We believe buying or selling a home is first and foremost about people. Of course we have the latest technology, marketing tools, statistics and research, but a successful real estate transaction really comes down to people. Connecting the right buyers to sellers or investors our professional agents structure solid transactions with successful solid outcomes.  We believe in collaboration by connecting people in ways that bring satisfaction and success.

    When you combine extensive local knowledge and our long standing reputation for honesty and sound judgment, you have an unbeatable resource at your disposal.  You have Timothy Real Estate Group, a constant leader in Puerto Vallarta real estate

  • Vallarta Inspired Living News: Sierra de Vallejo

    Sierra de Vallejo

    North of Puerto Vallarta, stretching from Bucerias to La Peñita de Jaltemba, we have found a biosphere reserve where approximately twenty percent of Mexico’s mangroves are found. With less than an hour’s drive from Puerto Vallarta, you will arrive at the southern tip of this incredible biosphere. The freshwater River Ameca meets with the briny Pacific Ocean to create a perfect habitat for an array of animals. Eco cruises are available, taking tourists on boats through the swamps along the canals where three lakes meet. ATV tours are also obtainable but we eschew such a disruptive presence in this beautiful, natural world where wildlife is easily disturbed. With nearly 550 square kilometers (340 sq miles) there is likely room for everyone but we prefer to give Mother Nature as much peace and tranquility as possible.

    Protected Planet www.protectedplanet.net has monthly updates with submissions from governments, landowners and communities regarding Sierra de Vallejo. The site is a good resource for checking out terrestrial and marine protected locations. At this site, you will find out more about Sierra de Vallejo and can access related statistics, as well as download data from the World Database on Protected Areas (WDPA).

    Bring your camera on this daytrip from Puerto Vallarta. An astonishing population of wild boars, crocodiles, and jaguars live in Sierra de Vallejo Biosphere Reserve, along with several types of colorful parrots. You will see herons, seagulls, pelicans, ducks and other birds thriving in this stunning forest shelter. In the distance, you will observe the Sangaguey volcano, which hasn’t erupted since 1724 (according to local indigenous legend); it is an impressive sight to behold, the highest volcano in the corridor.

    For birdwatchers, there’s nothing like viewing a black-bellied tree duck, great blue heron, or roseate spoonbill in this amazing landscape. Tours are available from several agencies and a simple online search will reveal wonderful opportunities for exploring this fabulous site only a short distance from Puerto Vallarta. Buen viaje!

    Que es cómo es

  • PROPERTY OF THE WEEK: Affordable Ocean View Condos

    PROPERTY OF THE WEEK: Affordable Ocean View Condos In Hillside Downtown Puerto Vallarta

    Property Name: Condos Los Altos Villas (Costa Rica Building)

    Description: Comfort meets luxury in these stunning, newly constructed condominiums atop downtown Puerto Vallarta. You’ll love the attention to detail, cachet of luxury features and traditional flares throughout. Los Altos is an ideal combination of great lifestyle and practical living for your private tropical residence. Los Altos Villas was created with an exciting contemporary design sensibility that combines updated traditional motifs with luxurious modern decor.

    View from A3-3rd level

    Location: 5 de Diciembre (Downtown North)

    Asking price: From $189,000 USD

    Year Built: 200

    Construction Size: From 1,300+ sq ft

    Website: Click HERE

    View from entry hall A3

    Features: Granite and marble countertop, solid tropical wood cabinetry, controlled access reception, covered garage parking, contemporary railings, Bay, City and Mountain views

    About the area: The neighborhood of 5 De Diciembre is adjacent to the northern part of Downtown Puerto Vallarta. This region has been seen a tremendous growth over the last 5 years as properties in the Downtown South priced a lot of buyers out of the market. 5 De Diciembre continues to enjoy such growth as a preferred area for people wanting to be in close proximity to town and a comfortable walking distance to the beach.

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    Agent: Taniel Chemsian of Timothy Real Estate Group. PV Office 322.223.5300 ex. 106, USA Toll Free 877.204.7730, Canada Toll Free 877.382.4106, E-mail: Taniel@timothyrealestategroup.com

     

  • Puerto Vallarta – Turtles On The Move

    Sea Turtles

    The season for baby turtle release is coming to an end in Puerto Vallarta. If you haven’t had the opportunity, there are still many chances. Several locations exist up and down the coast, and the concierge in most hotels can guide you to the closest one. Not many places around the globe make it possible for tourists and locals alike to participate in this exciting activity. Sea turtles are a vital part of our ocean ecosystem. They contribute to keeping a balance of seagrass, sponge, and jellyfish populations. Sea turtles transport nutrients and support other sealife. In Puerto Vallarta, we can be turtle midwives and contribute to the health of our oceans.

    After the mother turtle makes her way to a nesting spot on the beach in Puerto Vallarta and the coast of Nayarit, the nests become vulnerable to predators of all kinds; iguanas, birds, dogs, and humans, to name a few. It is illegal to interfere with a turtle laying her eggs or the nest itself, while the eggs incubate. Most of us are aware of this problem, but animals have no idea there are laws to protect them and the defenseless turtles.

    Our first adventure saving baby turtles happened completely by chance. Having late lunch on the beach in Mismaloya, we were beckoned by friends who were local Mexicans. They were excited to tell us we had arrived in time to be part of a baby turtle release. We couldn’t have been more surprised. Or elated. We quickly finished our meal, paid the bill, and made our way to the north end of the beach. The thrill of holding a baby turtle, (which many operations no longer allow) was something we will never forget. Having baby turtles run over your bare toes on their path to the sea is more pleasurable than we ever imagined. Everyone with few exceptions, is sad to learn that less than 10% of the little critters actually make it to their destination. They need all the help they can get.

    Releases occur around the clock. Like humans, it’s hard to schedule birth. If you’re told that turtle release happens only in the dark, under the moonlight… book with another tour. We’ve also been told by unsuspecting people that this program can only be found on Tuesdays. Or Saturdays. Whatever. All nonsense.

    In most of the turtle camps in Puerto Vallarta, run by non-profits, and often importing volunteers from faraway places, you will be delighted to learn about the whole migration of sea turtles by people who have found a way to devote time to this cause. These volunteers, of all ages, are well educated and informative, sharing their knowledge. Some have been featured on Animal Planet and National Geographic.

    If you are so lucky as to happen upon a turtle nest while wandering on the beach, day or night, immediately contact the authorities. Bomberos (firemen and women) are trained to assist with all animal issues, from bees, to crocodiles, snakes and turtles.

    Que es cómo es.


    Timothy Real Estate Group is a locally-owned and operated real estate brokerage with a strategic location in the Romantic Zone of Puerto Vallarta in the Colonia Emiliano Zapata. Because the Puerto Vallarta area has varying neighborhood personalities, we practice localized real estate. We believe neighborhood knowledge is a top factor in solid sales, and we know our communities well.

    We enable our clients to realize their vision for the future.  We understand and plan for their concerns and are dedicated to transforming those concerns to peace of mind and joy.

    Our philosophy of transparency, integrity, and professionalism imbues our culture with a tangible sense of purpose and results in the length and depth of the quality relationships we enjoy.  We believe buying or selling a home is first and foremost about people. Of course we have the latest technology, marketing tools, statistics and research, but a successful real estate transaction really comes down to people. Connecting the right buyers to sellers or investors our professional agents structure solid transactions with successful solid outcomes.  We believe in collaboration by connecting people in ways that bring satisfaction and success.

    When you combine extensive local knowledge and our long standing reputation for honesty and sound judgment, you have an unbeatable resource at your disposal.  You have Timothy Real Estate Group, a constant leader in Puerto Vallarta real estate.

  • HOW CLEAN IS OUR BAY?

    I tend to be a bit of an environmentalist. So when I read this article written by someone that is out and about in our bay every day it made me happy. We live in such a beautiful place and with some of the new ideas and thinking in the Puerto Vallarta area I hope that we can keep it that way for a long time to come. Check out the below article from PV Sea Dive, learn a bit about our bay and see how you can do your part.

    bay clean

    As a part of our dive briefing, we always ask our divers to pick up any trash they find, and to hand over sunglasses, wallets and anything of value over to their dive guides! More often than not, we get goodies, but occasionally, they pick up trash as this bay is really, really clean. Not as clean as it could be, but compared to other dive destinations, I am getting happier by the day. There is an a bill being passed at the moment to stop the use of Styrofoam being used by all sellers that will see a marked difference, but along with this bill, people are being educated as to why this product should not be used.

    All too often we pick up garbage that is carelessly tossed into the ocean. Plastic water bottles, beer cans and bottles, food trays and cigarette butts are the most common culprit, along with fishing line, lures and lead fishing weights. I am not on a rant, but I find these items all too regularly at Los Arcos, which incidentally is a marine park where fishing is not allowed.

    All in all though, I have never filled my little pocket up during the course of any dive. That being said, any trash in the ocean is not good. The reason for the bay being in such good condition is mainly due to the education of the locals by the locals. Many people in the area rely on fishing for their livelihoods, and therefore understand that they cannot pollute the water with trash of any sort. People from out of town who do not understand the ocean and throw things on the floor therefore do most of the damage. As Vallarta is at sea level, a majority of this gets washed straight into the rivers and consequently into the bay.

    One local bar called Que Pasa has a great project that they run all year round called Brigada de la Basura, where the neighborhood children collect trash from the streets and the river every Saturday morning. The children are rewarded with lunch, drinks, a few days out and a t-shirt. These children are getting, and really giving a huge education though. I doubt they ever throw anything on the floor, and I doubt their families do either. I for one salute this project as children like this will hold the earth’s future in their hands. Another ex patriot bar owner, Lydia, from Uncommon Ground, placed plastic bottle banks around town, and has them emptied and recycled on a regular basis.
Apart from these good projects, I have seen local street vendors doing some ingenious recycling, making souvenirs out of tin cans, paper and plastic. Maybe another man’s trash really is another man’s treasure!
This incredible bay holds many people’s livelihoods in its hands, including mine, so please treat it with the respect that it deserves.

  • Puerto Vallarta – A Food Lover’s Paradise

    Puerto Vallarta – A Food Lover’s Paradise

    Puerto Vallarta is the second most popular destination in Mexico for food culture and restaurants, second only to Mexico City.

    Visitors and residents will find it hard to find a truly bad dining experience here along the Pacific coast, since the view is usually superb and the fish and seafood almost certainly guaranteed to be fresh.  Deciding which eateries are the best comes down to degrees of goodness — a mix of ambience, quality of service, coldness of the beer, vantage point on the beach and an indefinable feeling of balance — that for an hour or two, there’s no place on earth you’d rather be.  Of course we all have our favorites where we are welcomed back each time like family.   And new places are continually joining the restaurant scene, which is becoming more international and global.  http://www.TripAdvisor.com is a great resource for restaurant information online.

    Here are some suggestions for some interesting activities for foodies:

    1. 20th Annual Festival Gourmet Internacional – Nov 13 to 23. Promoting Puerto Vallarta’s vibrant and excellent restaurants on the world stage. The 10-day event highlights Puerto Vallarta’s gastronomy on the local and international scene.   Full details at:  www.FestivalGourmet.com
    1. The Old Town Farmers Market-Tianguis Cultural – Check out the organic scene at this  “producers only” Saturday market in Parque Lazaro Cardenas, it is one of Puerto Vallarta’s most popular weekend attractions. Browse a great selection of locally grown farm-fresh produce, artisan foods, handmade crafts, art, jewelry, clothing, community education and live music. All products are made, baked, grown and sold by vendors living within 75 kilometers of Puerto Vallarta.  Full details at:     http://www.OldTownFM.com
    1. Vallarta Eats Food Tours -Are you looking for something fun and different to do in Puerto Vallarta’s Old Town/Romantic Zone?  And educational to boot?  Take a culinary tour and learn about the great food that Mexicans love to eat.  Vallarta Eats is a guided tour that will allow you to discover Puerto Vallarta’s most popular foods while getting a taste of Mexican culture and history.  Come hungry and ready to have a fun adventure.  Visit places the locals love and sample some of the authentic food Puerto Vallarta is famous for.  Vallarta Eats is #1 ranked on TripAdvisor.  Check it out at: www.VallartaEats.com.

     

    Enjoy!

    Russell Faulkner

    russell@timothyrealestategroup.com

    Timothy Real Estate Group

  • Quinceañera in Puerto Vallarta

    In Puerto Vallarta, there are some traditions that take our breath away with beauty and tradition. We have been invited to quinceañeras over the years and regardless of the economic level of the families, they have all been remarkable events. When a girl turns fifteen in Mexican culture, she is celebrated with a party, equal to a coming out ball for debutantes, which signifies her passage to womanhood, as well as gives thanks to God for having blessed her family, and presents her to the community.

    The misa de acción de gracias is a mass at the girls’ local parish. In a loving ceremony, thanks are given for the completion of her childhood. She wears a frock, which has most likely been purchased with much forethought and deliberation. It is traditionally pink or white and rivals the style and elaborate design of any wedding dress. Everyone is clothed in their very best garb and the parents and godparents (padrinos) play important roles throughout the entire day. The young woman being honored, la festejada, is given special gifts, jewelry and bestowed with bouquets, while surrounded by her damas (maids of honor) and chambelanes (escorts). These are cousins, siblings and schoolmates and they attend to la festejada throughout the day.

    Following the mass at the church, which introduces the young woman to adulthood, she leaves flowers at the altar for the Virgen de Gualdalupe and the party commences.

    Similar to a conventional wedding, there is a large, beautifully decorated cake (the bigger, the better); gifts for the guests, distributed by the damas; and more generous gifts for la festejada. Though DJ’s have become popular, the favored music is a live band that can play cumbia, banda, salsa, ballads and traditional songs. Everyone is expected to dance as a waltz with la festejada and her father begins moving people onto the dance floor.

    Dinner is served and a brindis (toast) gives everyone a chance to share memories about the girl and wish her the best in adulthood, as well as impart words of wisdom.

    The quinceañera is an old ceremonial tradition that dates back beyond the time of the conquerors. There are shreds of evidence that indigenous people celebrated a young girl’s coming of age. Combined with Catholic and Spanish heritage, what Puerto Vallarta has come to know as the modern day quinceañera is a splendid, culturally rich event that is cherished by all.

    Que es cómo es.

    Timothy Real Estate Group is a locally-owned and operated real estate brokerage with a strategic location in the Romantic Zone of Puerto Vallarta in the Colonia Emiliano Zapata. Because the Puerto Vallarta area has varying neighborhood personalities, we practice localized real estate. We believe neighborhood knowledge is a top factor in solid sales, and we know our communities well.

    We enable our clients to realize their vision for the future.  We understand and plan for their concerns and are dedicated to transforming those concerns to peace of mind and joy.

    Our philosophy of transparency, integrity, and professionalism imbues our culture with a tangible sense of purpose and results in the length and depth of the quality relationships we enjoy.  We believe buying or selling a home is first and foremost about people. Of course we have the latest technology, marketing tools, statistics and research, but a successful real estate transaction really comes down to people. Connecting the right buyers to sellers or investors our professional agents structure solid transactions with successful solid outcomes.  We believe in collaboration by connecting people in ways that bring satisfaction and success.

    When you combine extensive local knowledge and our long standing reputation for honesty and sound judgment, you have an unbeatable resource at your disposal.  You have Timothy Real Estate Group, a constant leader in Puerto Vallarta real estate.


     

  • The Puerto Vallarta Real Estate Fair

    About the Vallarta Real Estate Fair

    Our theme this year will be humanity and diversity among people, highlighting important values such as equality, compassion, love and inclusion. The slogan we chose for the event will be ¨Together we can do great things.¨ As a reference we took the film of the Greatest Showman because it defends the diversity and dignity of each person, regardless of gender, gender or preference. I think the idea for the event is to reflect both the theme and the company; which values the collaboration and connectivity between people.

    Purchasing real estate abroad naturally comes with a lot of questions, from the practicalities and legalities involved with buying a home internationally to general concerns regarding how to make the most of your new life in your exciting new home in Puerto Vallarta.

    The Vallarta Real Estate Fair puts you in contact with Puerto Vallarta experts in the fields of real estate, interior design, taxation and immigration, health care, vacation, property managers and long term rentals, mortgage brokerage and more.

    Admittance is free so don’t miss this engaging event from 9:00AM to 2:00PM on Saturday, March 3rd, 2018 hosted by Timothy Real Estate Group at Rivera Molino Plaza on the corner of Aquiles Serdan and Ignacio L. Vallarta in the Romantic Zone.

    For buyers, sellers and residents, the 2018 Vallarta Real Estate Fair is an invaluable experience to maximize the investment potential of your real estate and enjoying the best of the Puerto Vallarta lifestyle.

    Get more information at our Real Estate Fair Website:  www.vallartarealestatefair.com


    Timothy Real Estate Group is a locally-owned and operated real estate brokerage with a strategic location in the Romantic Zone of Puerto Vallarta in the Colonia Emiliano Zapata. Because the Puerto Vallarta area has varying neighborhood personalities, we practice localized real estate. We believe neighborhood knowledge is a top factor in solid sales, and we know our communities well.

    We enable our clients to realize their vision for the future.  We understand and plan for their concerns and are dedicated to transforming those concerns to peace of mind and joy.

    Our philosophy of transparency, integrity, and professionalism imbues our culture with a tangible sense of purpose and results in the length and depth of the quality relationships we enjoy.  We believe buying or selling a home is first and foremost about people. Of course we have the latest technology, marketing tools, statistics and research, but a successful real estate transaction really comes down to people. Connecting the right buyers to sellers or investors our professional agents structure solid transactions with successful solid outcomes.  We believe in collaboration by connecting people in ways that bring satisfaction and success.

    When you combine extensive local knowledge and our long standing reputation for honesty and sound judgment, you have an unbeatable resource at your disposal.  You have Timothy Real Estate Group, a constant leader in Puerto Vallarta real estate.


     

  • Huipil – Those Beautiful Blouses!

    When shopping in Puerto Vallarta, one will find few garments as simple and yet elaborate as Huipil, the traditional dress worn by indigenous women of Central and South America. A Nahuatl word, pronounced weep-eel, the length of a Huipil can be everything from a short blouse to a floor length dress. Normally assembled with two pieces of fabric, joined together with decorative stitching, ribbons or lace, the basic construction is quite simple. Some are made with yokes, separate from the bodice. Originally made on a back strap loom, designs were woven into the fabric before it was pieced together. Commercially, and with their popularity, the preferred material is cotton or light poplin and the decoration is embroidery.

    Huipil are everyday attire in Puerto Vallarta and all of Mexico, Central and South America. It is common to see them worn by women and children, though some designs are selected for men, as well. Flowers, birds and mythical animals are familiar patterns. Sizes can be found to fit the tiniest infant up to a wide range for adults. Huipil are not meant to be form fitting or flattering to the frame. They are intentionally loose fitting and cut to no particular shape; their comfort cannot be denied. Necklines, which can be square, oval, round or a simple slit to enable the wearer to slip it over her head, have much to do with the choice of the artist.

    Symbolism in the embroidery of huipil conveys history, identity of region and culture and often personal details about the life of the wearer. Motifs can represent agriculture, the natural and the mythical world. Feathers, beads, ribbons and lace, incorporated in the fabric are very significant and often used for burials, baptisms, weddings and other ceremonies. Certain features might indicate rank and stature of a woman in the community. Some saints have their own designated patterns and are expressed as such.

    As with many artisans in Mexico, the creation of huipil is often a family affair, with girls learning the craft from mothers and grandmothers. A tremendous amount of work can go into one blouse and may be the sole source of income for a household.

    We recommend buying from the ladies on the beach in Puerto Vallarta, who lug heavy loads in the heat and are committed to finding the perfect fit for a customer. There are also many small shops throughout the town, as well as kiosks and carts where huipil can be purchased. When shopping for these gorgeous garments in Puerto Vallarta, remember the value of a souvenir that will last for many years to come.

    Que es cómo es.


    Timothy Real Estate Group is a locally-owned and operated real estate brokerage with a strategic location in the Romantic Zone of Puerto Vallarta in the Colonia Emiliano Zapata. Because the Puerto Vallarta area has varying neighborhood personalities, we practice localized real estate. We believe neighborhood knowledge is a top factor in solid sales, and we know our communities well.

    We enable our clients to realize their vision for the future.  We understand and plan for their concerns and are dedicated to transforming those concerns to peace of mind and joy.

    Our philosophy of transparency, integrity, and professionalism imbues our culture with a tangible sense of purpose and results in the length and depth of the quality relationships we enjoy.  We believe buying or selling a home is first and foremost about people. Of course we have the latest technology, marketing tools, statistics and research, but a successful real estate transaction really comes down to people. Connecting the right buyers to sellers or investors our professional agents structure solid transactions with successful solid outcomes.  We believe in collaboration by connecting people in ways that bring satisfaction and success.

    When you combine extensive local knowledge and our long standing reputation for honesty and sound judgment, you have an unbeatable resource at your disposal.  You have Timothy Real Estate Group, a constant leader in Puerto Vallarta real estate.

  • Buying Property in an Online Auction

    No standing on the steps of the county courthouse or packed into a hotel ballroom. You can bid at home, the office, even the airport as long as you have an Internet connection. Bidding can occur 24 hours a day over the course of days or weeks, instead of just a single day. Online auctions also broaden the types of properties you can bid on. The steps for bidding in an online auction are similar to a live auction.

    Find a property you like. With online auctions, you can search for and bid on properties all over the country. You can even bid on multiple properties at once.

     

    Do your due diligence. Many online auction sites provide information on the main property page, including maps, estimated market values and any liens. Be sure you read it all! It is also a good idea to conduct your own due diligence, and seek independent advice from a real estate broker, a real estate attorney, or even another experienced investor. Unlike live foreclosure sales, most homes sold in online auctions do have an agent commission (called “broker co-op”), which allows a real estate agent to get paid for their services.

    Visit the property if you live nearby. The real estate agent may even offer open houses; if so, bring your contractor with you to help you assess what repairs might be needed.

    Register for the auction. Most online auctions require you to register and submit a refundable deposit in the form of a credit card authorization. This simple process ensures that all bidders are serious and motivated.

     

    Prepare your financing. To expedite the close if you win, start gathering the following documents before the auction:

    • Proof of funds or financing information.
    • Entity Documents if you’re bidding under a company name or entity such as an LLC, trust or limited partnership.
    • An earnest money deposit which can vary and usually is based on a percentage of the total purchase price and is due one business day after the auction ends.

    And if you’re the winner? Be ready for things to move fast. The contracting department will contact you quickly and walk you through the online purchase and sale agreement, which shows the total purchase price and the timeline for submitting documents and payments. Make sure that escrow receives your documents and payments on time; otherwise, you could lose your earnest money deposit.

    Look closely at the property page for each property you are planning to bid on. Many properties have what’s called a “buyer’s premium,” which is the fee charged by the auction company for conducting the sale, from marketing through the closing. The amount can vary.