Online Only Auction | Closing October 21st @10am. Don't miss this opportunity to purchase contractor equipment, trailers, tractor implements and professional-grade DeWalt and Makita tools from the Jera Holdings business asset dispersal.
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Live & Online Auction | October 30th starting at 10am. Join us for another outstanding Brazos Valley Equipment Auction featuring farm and ranch equipment, heavy machinery, trailers, vehicles, shop equipment, implements, and a wide variety of assets ready for a new owner. Whether you're adding to your fleet, upgrading your operation, or hunting for a great deal, this is an auction you won't want to miss.
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Live Auction | Purchase this exceptional Houston property at the price YOU set! This one-of-a-kind contemporary urban retreat offers approximately 7,200 square feet of versatile living, entertaining, workspace, and garage areas on a 5,985-square-foot lot in the highly sought-after Rice Military/Washington Corridor. Designed for buyers who need more than an ordinary home, this impressive three-story property features 3 bedrooms, 3 full baths, 1 half bath, an elevator serving every floor, and an oversized garage/workshop area with remarkable flexibility for vehicles, hobbies, business use, studio space, or storage.
View AuctionReal estate auctions are used to accelerate the process of buying and selling real estate. With intense marketing focus on a specific property, real estate auctions provide a “date certain sale “ for sellers and provide potential buyers a transparent process where they control the price paid through competitive bidding. The technical process is similar to a conventional real estate transaction, only without contingencies on financing, property inspections, and other issues that can derail a real estate transaction.
Real estate auctions are used to accelerate the process of buying and selling real estate. With intense marketing focus on a specific property, potential buyers are forced to make a decision through competitive bidding. The technical process is similar to a conventional real estate transaction, only without contingencies on financing, property inspections, and other issues that can derail a real estate transaction.
An equipment auction, sometimes known as a consignment auction, is a sales event featuring various types of equipment from one or more sellers. Our most popular items include construction machinery, farm and ranch equipment, vehicles, trailers, rv's, boats, and more. The items are auctioned during a live sale, online sale, or both - which is called a simulcast auction. Currently we run an equipment auction every month, alternating between our Bryan and Gonzales, TX auction facilities. We offer multiple online bidding platforms to buyers throughout the country and global market as well as live in-person bidding for the more traditional buyers. All of the marketing efforts combine to result in thousands of bidders competing for your personal property asset.
These auctions are best used for our clients in life transitions and have enough assets to have their very own customized auction. Whether it is real estate, personal and business assets, or both, with our turnkey auction process, we work with a seller from consultation to settlement and closing to develop and implement an auction strategy tailored for their needs. Our team handles it all from initial organization, display, description and photography, lotting and tagging, marketing, previewing, auctioning and customer load and settlement. This type of auction may be a live event, online sale, or both.
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our auction line at 888.300.0005.
Real estate auctions are used to accelerate the process of buying and selling real estate. With intense marketing focus on a specific property, real estate auctions provide a “date certain sale “ for sellers and provide potential buyers a transparent process where they control the price paid through competitive bidding. The technical process is similar to a conventional real estate transaction, only without contingencies on financing, property inspections, and other issues that can derail a real estate transaction.
Each Auction has its own specific Terms & Conditions, Please read the specific set of Terms & Conditions for each auction you are registering for.
FOR ONLINE AUCTIONS - Simply visit www.colemanandpatterson.com and select the Registration button on our toolbar. After you read our terms and conditions you may select "I agree" and will be directed to a secure page asking for personal information. When all required information is entered, you may click "create registration" and a new account page with password protection will be created. At this time you may bid on properties and log in/out of your new account at your convenience.
FOR LIVE AUCTIONS - Simply bring your proof of identification and certified funds in the form of cash or cashier's check (if required, please check each individual auction's terms and conditions) made payable to yourself and present these items to our registration staff. We will offer you a bid card, brochure, and sample contract so that you are prepared to bid during the auction.
FOR ONLINE AUCTIONS - No, we currently do not charge a fee to register. You will be asked in the registration process to place a card on file. Once completed, you may notice a $1 draw and a $1 refund. YOU ARE NOT BEING CHARGED. This is our system’s way of verifying that your card is valid. We will always attempt to reach out to you after the auction closes to verify your preferred payment method. However, If you fail to perform as the accepted high bidder, commit a fraudulent action, or neglect to abide by our "Terms & Conditions for Online Auctions", you will be responsible for auction commissions plus any collection and/or attorney fees.
If required for the auction you are interested in, you must have certified funds in the form of cash or cashier check made payable to yourself to receive a bidder card for one of our live auctions if they are required by that auction’s terms & conditions. You will keep the money during the bidding process. If you are the successful bidder, your cash or cashier check will be promptly receipted with the seller chosen escrow/title agency.
YES! All auctions are AS/IS WHERE-IS and not contingent on condition. Therefore, we highly recommend that buyers complete a thorough inspection and due diligence on the property before they bid. Realtors are available to open the property and assist with the value and conditions. You should not bid on a property that you have not seen.
The buyer's premium is an auction fee paid for by the buyer. It is calculated by adding the stated buyer's premium percentage to the final accepted high bid amount. For example, if you are the successful bidder at $50,000 and the stated buyer's premium is 10%, then you must add 10% of $50,000 or $5,000 to arrive at your total contract price of $55,000.
Earnest money is a required deposit that the successful high bidder must submit with the auction sales contract to be held with the seller chosen escrow/title agent through closing. The earnest money is not-refundable, and is applied as a portion of the total contract price. Earnest money is collected in the form of cash or cashier check only. The amount of earnest money may vary with property size and value.
FOR ONLINE AUCTIONS - You will be notified within hours upon completing the auction to verify your winning bid and given next step instructions throughout the closing day. You must be prepared to submit all purchase documents including a signed copy of the "Real Estate Auction Sales Contract" and earnest money deposit in the form of business or cashier check within 24 hours from the close of the auction. You must be prepared to close within 30 days from the date of contract execution.
FOR LIVE AUCTIONS - As the successful bidder of a live auction, you will immediately be required to complete all purchase documents including the "Real Estate Auction Sales Contract" and the stated auction earnest money deposit in the form of cash or cashier check. You must be prepared to close within 30 days from the date of contract execution.
NO! You may not change your mind. Please be certain that you understand all terms and conditions and perform all due diligence and inspections on the property. You will lose your earnest money, legal remedies may be sought, and you will potentially be banned from all future Coleman & Patterson auctions.It is very important that you have done your due diligence, asked all questions, and become prepared to bid, buy, and close on any property before you place a bid.
Yes. The online auction will automatically extend if a bid is placed in the final 2 minutes and extends 2 minutes with any bids placed after that.
Yes. Coleman & Patterson strongly encourages the representation of a licensed real estate agent. If you are buying, there is no cost to have buyer representation. If you are selling, the cost is determined by your realtor listing agreement.
Yes. Cooperating brokers are paid a commission of the final high bid amount so long as they are present with you during the auction and agree to assist you in understanding the terms & conditions, auction sales contracts, and closings. The percentage varies with each Auction so please have your Real Estate Professional read the Terms & Conditions with you for each Auction.
Almost all property is sold free and clear of any liens, judgments, encumbrances, or back taxes, unless noted in the Terms & Conditions for the Auction you are interested in. If noted as a clear title and seller cannot deliver such title, the buyer will be refunded their earnest money.
Typically, the owner's title insurance policy will be paid for by the seller and the seller is responsible for all back taxes, encumbrances, and liens on the property, including ad valorem taxes and condo fees, unless specifically noted otherwise in the Terms & Conditions for the Auction you are interested in. . Seller will typically pay the fees for preparation of the deed, costs relating to tax certificates, 1/2 of escrow fees, and overnight courier fees on behalf of the Seller.
Buyers are responsible for standard and customary charges for the county in which the property is located, which typically includes recording costs of the deed, overnight courier fees on behalf of the Buyer, 1/2 of escrow fees, the cost of the survey, if any, the cost of the Mortgagee's Policy of Title Insurance and all additional fees related to any loan obtained by Buyer.
Absolute auctions will be sold on the day of the auction regardless of price. If a property is not sold absolute, it will be sold subject to sellers' confirmation or in other words "With Reserve".
FOR ONLINE AUCTIONS - The minimum opening bid is determined by the auction company. We select an amount that makes sense for each particular property and that most buyers will be comfortable bidding to start the auction. Increments are determined by the current bid amount and will be adjusted to larger increments as the current bid price increases.
FOR LIVE AUCTIONS - Bidders will be solicited for an opening bid and bidding will go up from there. The auctioneer decides on live auction increments at their sole discretion.
YES. You may obtain financing for the purchase of property, however the auctions agreement is a cash sale agreement and not contingent upon you obtaining financing. If you cannot close on the property for any reason, you will lose your earnest money deposit.
Closings are scheduled approximately 30-45 days from the date of contract execution. Closings will be held at the title company chosen by the seller. Please check the specific Terms & Conditions of the Auction you are interested in.
Only real estate agents and those with an original power of attorney may bid on behalf of their client. As the agent or legal representative bidding on behalf of another party, you will be individually bound if the client does not abide by the terms and conditions. Do not bid unless you understand and abide by the auction terms and conditions.
Simply visit www.txpropertyauction.com and select the Registration button on our toolbar. After you read our terms and conditions you may select "I agree" and will be directed to a secure page asking for personal information. When all required information is entered, you may click "create registration" and a new account page with password protection will be created. At this time you may bid on properties and log in/out of your new account at your convenience.
Simply bring your proof of identification and certified funds in the form of cash or cashier's check made payable to yourself and present these items to our registration staff. We will offer you a bid card, brochure, and sample contract so that you are prepared to bid during the auction.
