Flexible Financing Solutions for Real Estate Auctions
While Music City Auctions LLC utilizes all-cash, non-contingent contracts, this does not mean you cannot use a mortgage to fund your purchase. It simply means the sale is not subject to financing approval. To be a successful bidder, you must have your capital or loan commitment ready to move quickly, as all properties are guaranteed to close within 30 days.
Financing Options for an Auction Purchase
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Working With Your Lender
We recommend speaking with your loan officer early in the process. Ensure they understand the auction method of marketing and are prepared for a “non-contingent” contract. Pro-Tip for Buyers: Look for lenders who specialize in “bridge loans” or “hard money” if you are an investor or local community banks that have more flexibility with quick-close residential loans.
Need a Referral or More Information?
While we do not provide direct financing, we work with a network of Realtors and financial professionals who understand the speed of the auction world. If you need guidance on how to structure your funds for an upcoming sale, our team is happy to point you in the right direction.