Registration at the real estate auction

I am looking forward to my role as registrar, assisting registration at the real estate auction that OwnACondo.com is holding on Sunday, Nov. 8, at the Chicago Marriott Oak Brook hotel, 1401 W. 22nd St.
Prospective buyers, sellers and interested spectators are invited to join us at the 11 a.m. event, the first of many real estate auctions that OwnACondo.com plans to hold in the Chicago area and nationwide. I will be one of four registrars at the front table, taking names and other information from participants, so I invite you to stop by and say hello. Auctioneer Vinnie Zaffarano, the 2009 champion bid-caller in Illinois, is expected to put on a great show.
Registration at the real estate auction will begin at 9:30 a.m. and will continue until 11 a.m. People planning to bid should have their financing in place already and have inspected the properties that interest them. They will need to bring government- issued photo ID and a $2,500 cashier’s check or money order payable to themselves for each property on which they wish to bid. Winning bidders will then sign over the checks to the seller. A personal check would also be needed to make up the balance of the 5 percent buyer’s premium required, which will serve as earnest money.
We will also be gathering basic information from spectators in order to determine their level of interest in the event and the possibility that they will be bidding at future auctions.  Prospective sellers might be interested in entering their property into one of our upcoming auctions. 

 As many as 22 properties will go on the auction block to be sold to the highest bidder. The process is likely to move very quickly so the auction could be over in an hour.  You can literally buy a condo, your dream house, or even a nice piece of vacant land, and still catch the opening kickoff of the Bears game at noon. One of the many advantages of auctions is that qualified buyers and motivated sellers are assured of a closing in a short time as well, usually between 30 and 45 days.
During and after the registration at the real estate auction, I will also be chatting with winning buyers and other participants to see how they liked the auction experience and what we could do to improve it. We are expecting a great turnout for this inaugural event, and welcome input from participants that could help us make the next one even better.
Several upcoming real estate auctions are already planned, including two in the Chicago area, in January and March, and one in Miami in February.