Unit list

See luxury residences being auctioned.

Discover Riverdale

Learn more about Riverdale.

Free Brochure

"Request a FREE auction brochure!" Click here to request a free deluxe auction brochure by mail."

Digital Brochure

Click here to view Solaria's Digital Brochure!

How it Works

HOW THE AUCTION WORKS
REDC makes purchasing real estate at auction an easy, un-intimidating process!

	REVIEW the available properties. Each property will have a written description, pictures, maps and links to legal documentation and disclosures.


	DECIDE which properties meet your particular criteria and use our unique web-based mapping system to utilize the open house dates in the most efficient manner possible.


	VISIT all the properties you would consider bidding on. Make an informed buying decision. Go out and thoroughly inspect each property you are interested in as well as inspect the related legal and disclosure documents.


	REGISTER Be sure to register for the auction! It’s easy and it’s free, simply click the tab at the end of this page. You can also pre-qualify for financing with no cost or obligation. Our lenders offer competitive, no-hassle financing options. Click on the Pre-Qualifying box to learn more.


	ATTEND Registration is FREE and admission is FREE. The only thing we require you to bring is a $10,000.00 cashier's check made payable to yourself, a personal check to put down the required 10% deposit and a valid I.D. for all parties to the transaction.


	CHECK-IN When you check-in at the auction and show us (we will NOT take it) your $10,000.00 cashiers check you will be given your numbered auction bidder paddle. This will be our way of identifying you if you are the lucky winning bidder for a particular home. Bring your registration form and Acknowledgment of receipt of Plan with you. It will save time.


	GET STARTED The bidding is fast and exciting. a hour prior to the start of the auction, we will conduct a Bidding Seminar and Practice Auction, to give everyone an idea of just how the process works and the pace of the sale. We will also have many assistant auctioneers throughout the audience to assist you in bidding, for the duration of the auction.


	BID When one of your desired properties comes up for auction, raise your paddle high to acknowledge your bid. As the bidding progresses, continue to bid up to your maximum amount. If you are the high bidder CONGRATULATIONS!! You are the proud owner of that property! Remember: A 5% Buyers Premium will be added to all wining bid amounts to establish the final selling price. Example: Your winning bid = $800,000 a Buyers Premium of 5% of $800,000 ($40,000) is added to your winning bid which makes the Full Sales Price =$840,000..It's that simple!


	FINALIZE You will be escorted to the documentation area after signing the Winning Bidder Acknowledgement, which will show your winning bid amount as well as the specific property you purchased. All documentation and financing will be done at this point. You will then sign over your $10,000.00 cashiers check to be deposited into the Trust Account of a major national law firm, as well as your personal check to equal 10% of the purchase price. Escrow will then be opened, financing type chosen, and you will be done. Example: Winning Bid= $800,000, plus $40,000 Buyers Premium (5% of the winning bid amount) = Final Selling Price of $840,000. Total down-payment due at signing = $84,000 (10% of $840,000) less your cashiers check of $10,000 = $74,000 remaining to be paid by personal check.


	ITS THAT EASY! REMEMBER, if you plan to purchase a property at the auction, you must: Have a $10,000 cashiers check made payable to yourself. Personal check for the balance of the required 10% auction day deposit. Valid I.D. for all parties to the transaction. Auction Day Documents In order to more quickly expedite the documentation process we recommend you bring the following documents with you on auction day: - Last 2 years of tax returns - Last 2 years of W-2s - Last 2 months of bank statements - Last 30 days of pay stubs - For cash buyers: Proof of funds
	We look forward to seeing you there. Register TODAY!