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Email

rhoadesrealtors@gmail.com

Phone

(309) 647-8811

Address

130 N. Main Street
Canton, IL 61520

Email

rhoadesrealtors@gmail.com

Phone

(309) 647-8811

Address

130 N. Main Street
Canton, IL 61520

FAQ

For Buyers

What is the first step in buying a property?

The first step is determining your spending power and getting pre-qualified with a local lender. Once pre-qualified, we’ll discuss your needs and find properties that match your criteria.

How do I get pre-approved for a mortgage?

Local lenders can pre-qualify you with a quick phone call. We recommend comparing rates to find the best option.

How much should I budget for closing costs?

Closing costs vary based on property value and closing agency fees. We can help estimate costs to avoid surprises.

How long does the home-buying process take?

Once a property is under contract, the process typically takes 30-45 days until closing.

What are the benefits of working with a local real estate agent?

Our agents live and work in Fulton County, giving us deep market knowledge and a commitment to the community.

What happens after my offer is accepted?

We’ll coordinate inspections, appraisals, and financing requirements to keep the process on track toward closing.

Can you assist with financing options?

Yes! We can recommend trusted local lenders to help you navigate financing.

What should I know about buying farmland or commercial property?

Farmland and commercial purchases require specialized knowledge. Our brokers specialize in these transactions and can guide you through the process.

How do I make a competitive offer in a fast-moving market?

Being pre-approved is the best way to stay competitive in a multiple-offer situation.

Can I attend an auction as a buyer?

Absolutely! We offer both live and online auctions for farmland and recreational properties.

How does buying at an auction differ from a traditional purchase?

Auction properties are sold as-is, with no financing or inspection contingencies. Doing your due diligence ahead of time is key.

For Sellers

How do I determine the value of my property?

Contact us to schedule a free property evaluation with one of our experienced brokers.

What is the best way to prepare my home for sale?

Start by decluttering and cleaning—small improvements can make a big impact!

How long will it take to sell my property?

It depends on property type, location, and price. Competitively priced homes sell faster, and we can provide market insights.

Should I sell through traditional brokerage or auction?

It depends on your timeline and financial goals. We evaluate each property to determine the best approach.

What are the typical costs associated with selling?

Sellers pay a commission and closing-related expenses, including property tax prorations.

Do I need to make repairs before listing my home?

Not necessarily. We can suggest repairs that add value or improve marketability.

Can you help with staging my property?

Yes! We offer virtual staging using AI technology.

What legal documents are needed to sell my property?

A photo ID is typically all you need, unless an estate or POA is involved. The closing agency handles the deed transfer and title work.

What happens if my property doesn’t sell right away?

We’ll reassess pricing, market conditions, and strategy to determine the best course of action.

Do you offer services for selling farmland and commercial properties?

Yes! Our brokers specialize in farmland and commercial transactions to ensure a smooth sale.

What are the advantages of selling at an auction?

Auction sales are fast, competitive, and let the market determine the property’s true value.

How soon after the sale will I receive my proceeds?

You will typically receive your funds on the day of closing.

Auction-Specific Questions

What types of properties are best suited for auction?

While any property can be auctioned, we frequently see farmland, recreational properties, and distressed homes sold this way.

How does the auction process work?

We evaluate your property and determine if auctioning is the best option. If so, we create an auction contract, set a marketing budget, and promote the property to potential buyers.

What is the difference between live and online auctions?

  • Live Auctions: Allow for both in-person and online bidding.
  • Online-Only Auctions: Conducted entirely online over 2-3 weeks.

How do I register to participate in an auction?

For live auctions, register on-site. For online auctions, create an account on our online bidding platform and request approval to bid. Some auctions require proof of funds.

What fees are associated with selling through auction?

Sellers pay a commission and may need to cover advertising costs upfront or at closing.

Can I set a reserve price for my auctioned property?

Yes! You can set a minimum acceptable price to protect your investment.

What happens if my property does not sell at auction?

If bidding doesn’t meet expectations, you can reject the high bid or negotiate with the highest bidder.

How soon after the auction will the property close?

We typically aim for a 30-day closing following an auction.

Are financing options available for auctioned properties?

Yes, but buyers must secure financing before bidding, as auctions do not allow financing contingencies.

How are auction properties marketed?

We use targeted digital ads, print marketing, major listing websites, and on-site signage to attract serious buyers.

Can I inspect properties before bidding?

Yes! You can schedule a private tour or attend one of our open houses.

Is there a buyer’s premium at Kelso Rhoades auctions?

  • Farmland/Recreational Auctions: No buyer’s premium.
  • Timed Residential Auctions: Typically include a buyer’s premium to cover marketing and auction platform costs.