If you care to be a spectator only, you are more than welcome. If you intend to be an active bidder please note Auction Deposit Requirements, below.

To obtain a bidding number, every bidder MUST present.

A Cashier’s Check in the amount of $25,000.00
Made Payable to: The Piatelli Co Trust Account.
Drawn on a California Bank (No Personal Checks Please)

All Cash at close of thirty ( 30 ) day escrow.
Buyer to obtain own financing. Financing Is NOT a contingency.
Seller will carry back 15% of total purchase price

Escrow will be at Old Republic Title Company, Escrow Division

All Closing Costs: Will be shared Fifty /Fifty (50/50) – Buyer & Seller

Title Insurance

Old Republic Title Company will issue a standard Policy of Title Insurance to the new buyer in the amount of the High Bid insuring the property to be Free of all Monetary Liens.

Policy of Title Insurance to be paid for by SELLER.

All documents will be available at the open houses and at Auctioneers Offices for review prior to the auction.

Property is being SOLD “AS IS", just like every property sold At Auction.

As with all new construction, under California Civil Code Section 900, builder provides a one (1) year "Fit and Finish" warranty.

All prospective bidders are urged to inspect the property prior to the auction and before bidding. By registering at the auction each and every bidder acknowledges that he or she has conducted an independent inspection of the property and has an opinion of value based solely on such independent inspection and investigation.

For 50 years we have been working with
hundreds of California Real Estate Brokers.

1) Broker representing client will receive 3% commission from a closed escrow.

2) Register your client, on your company letterhead, prior to the auction, and attend the auction with the client.

3) Broker must be a licensed California broker in good standing.

4) Call Auctioneers office for further information.

5) We are members of the Beverly Hills Realty Board for 40 years.

6) No commission will be paid to a broker who is acting as a principal.