Unfortunately we're not for everyone. Generally speaking, we are looking for properties in which the owner(s) has approximately 40% equity in the property and is willing to sell at current market value. This is necessary as the market may dictate a lesser value than the most recent appraisal. If the seller is unable to satisfy all secured loans, with auction proceeds and/or with private reserves, it would not be available for auction. It is also necessary to ensure reasonable reserve prices are set for each property. A great deal of work goes into an auction and auction goers often travel great distances to bid--we want to make sure that each property has a very high chance of selling at auction. Auction Requirements. Prior to accepting the property for an auction listing, the seller: must have approximately 40% equity in the property. Short sales are possible with certain conditions. must agree to a minimum selling price (reserve) that is at or below current market value. must agree to a $1,000 refundable advance marketing fee.* must be able to provide clear title. must agree to provide septic tank or other wastewater system certification/replacement during escrow, as required. must agree to provide a provide wood destroying pest inspection prior to the auction. must agree to be represented by a licensed California real estate agent or broker. must agree to hold "open house" the two weekends preceding the scheduled auction. must agree to our complete Terms and Conditions. * This fee is to cover our costs should the seller pull the listing after auction marketing has begun. It will be refunded at the completion of the property auction.