Online Only Real Estate Auction FAQ

Warner Real Estate & Auction offers real estate opportunities through our innovative Online Only platform. Time definite automated auctions. No nose scratching or bidder paddles required. But in order for you to take advantage of these real estate opportunities, you have to understand how it all works.

When do listings appear on the website?
Online Only properties, meaning they are only available to our Internet bidders, are posted on WarnerRealtors.com 25 to 30 days prior to the start of bidding. This window allows for property research, inspections and time to get financing in order.

How do I find available properties?
Properties can be located by going to our home page, clicking on the “Auctions” tab and dropping down to the “Upcoming Auctions” option.

When should I register for the Auction?
We recommend that you register and place a bid as soon as possible. This allows you to become familiar with the online bidding process and makes things easier when the auctions open.

Am I obligated to bid once I register?
You are under no obligation once you register to bid. Registering for the auction gives you the option to bid, but nothing else.

What does “No Reserve” or “Selling Regardless of Price” mean?
All of these auctions will sell to the highest bidder at the online auction event regardless of price.

I am interested in bidding on several of the properties; do I need to register for them individually?
No, once you register for one of the auctions, you are eligible to bid on all 20 auctions.

If you ask for my credit number during the registration process, do you actually charge my card?
Your credit card is used as part of the authorization process. The auction registration system requires a credit card. Your card will be authorized for $1.00, but no money will actually be charged to your card during registration. It is used for identity verification purposes only. Please make sure the address you include in your registration is the same as the billing address for the credit card. Again, it is for identity verification.

Should I wait until the last minute to bid?
You can certainly bid whenever you choose during the time that bidding is open. We recommend, however, that you not wait until the last minute to bid, in order to make sure that you do not miss an opportunity to bid because of technical or other issues that might arise. There is no particular advantage to waiting until the very last moment, and our auto-extend feature (see below) limits a bidder’s ability to be the winning bidder by submitting a bid at the very last moment.

What is the Maximum Bid feature?
If you place a bid under the Maximum Bid Column, the online bidding system will enter your bid as the next required bid and continue to bid for you up to your Maximum Bid amount. For example, if the next required bid is $5,000.00, and you enter $10,000.00, then the online bidding system will immediately enter your bid as $5,000.00. The online bidding system will continue to bid up to $10,000.00 on your behalf using the preset auction increments as other bidders place their bids. If you are the high bidder at $5,000.00 with a Maximum Bid of $10,000.00, and another bidder places the next required bid of $5,250.00, then the online bidding system will bid for you at the next increment of $5,500.00, and so on. If at such time a bidder places a bid that is higher than our Maximum Bid, then you will be outbid. If you are not outbid, then it is possible that you may win the bid for an amount less than your Max Bid. We do not have access to see your maximum bid. Maximum bidding is kind of a “set it and forget it” bid.

Can I place a bid as time is expiring?
Yes. To ensure fairness, our system automatically extends the auction ending time by five minutes any time the bid price is raised with less than five minutes remaining. This helps eliminate last-second bidders who attempt to snipe the bids.

What do I do if I need help?
If you have questions, we have customer service representatives available to assist you with bidding online. You can reach them by calling (856) 769-4111, email at info@WarnerRealtors.com.

I won, what happens next?
Within two (2) hours of the conclusion of the bidding, a Contract of Sale and other required documents will be emailed to the address provided at registration. Bidders will have twenty-four (24) hours from the conclusion of the auction to return all documents along with the required earnest money deposit.

Can I use my credit card to submit my 10% deposit?
No, Acceptable methods of payment for the earnest money deposit are cash (delivered in person to our office), certified funds, personal or company checks with prior approval or wire transfer. Wire transfer instructions will be emailed to you with the Contract of Sale and other closing documents.


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Testimonials for Warner

First Choice Bank

Dear Rich: Just a short note of thanks for all your assistance and helpfulness in getting our Washington Township property...
2014-08-26T15:27:16-04:00
Dear Rich: Just a short note of thanks for all your assistance and helpfulness in getting our Washington Township property sold. As we had discussed, this property presented a number of unique challenges, and we had experienced a great deal of frustration with our prior broker and their lack of success in attracting potential buyers. This was also our first experience with an auction of real property, and we were quite pleased with the outcome. You provided me with the necessary insight into the auction process that allowed me to give management here at the bank a clear picture of the risks and rewards associated with the auction process. The planning process for the auction and the marketing effort put forth by your team was very impressive. If we have occasion to sell real property in the southern New Jersey area in the future, it will fully be my intention to look to Warner Real Estate to get the job done right the first time. I wish you all good luck in the future and look forward to working with you again. Sincerely, Edward F. Madden Senior Vice President - Loan Operations

Patricia Lane

Re: Bacon's Manor House Dear Rich: We wanted to again commend you on your outstanding service in selling our property...
2014-08-26T16:24:20-04:00
Re: Bacon's Manor House Dear Rich: We wanted to again commend you on your outstanding service in selling our property in Greenwich. We knew the house could be a difficult sale, given that it was a large colonial estate that we were seeking to sell during the great recession. but you and your company made the entire process run incredibly smoothly for us. From the outset when we discussed your marketing strategy, we knew that your company would tap every possible lead to find a buyer. You used social media and websites to expand our base far beyond the general local advertising route that other realtors utilize. You kept us up to date nearly daily as we moved through your time line to the sale, double checking with all that expressed interest in the property, maintaining communication with leads and eventually finding us a potential buyer. We appreciate the way you took charge in ordering the title, home inspections and termite reports early on so that there would be no delays once we found an interested buyer and in that fashion we had answers to all of their questions before they even bid, thereby lessening the possibility that they would lose interest or default since they already had all the relevant details. We signed a contract with the buyers two days before Hurricane Sandy struck New Jersey. The buyers were over a hundred miles north in Long Island and we were hundreds of miles away in Virginia but you reached out to us repeatedly as we assessed our, thankfully, small amount of damage and also to the buyers who were more directly in the path to keep the deal on track. Then we came to the buyer financing problems. A series of unexpected difficulties arose that left the buyers unable...

Sun National Bank

January 15, 2013 To Whom It May Concern: I am happy to provide a reference for the Warner Real Estate...
2014-08-26T17:11:41-04:00
January 15, 2013 To Whom It May Concern: I am happy to provide a reference for the Warner Real Estate & Auction Company, Inc., a company that I have worked with for about one year’s time. I've worked directly with Richard G. Warner and his staff finding them all to be respectable and knowledgeable. I was also highly impressed with the level of integrity and skill set with all decisions. From the early on conversations of our company discussing the idea of holding an auction, Warner Real Estate & Auction Company, Inc has always been dependable, straightforward and honest. Auction fees were reasonable, and they were always forthright with all costs and processes. Our auction consisted of three properties which all sold at our event. I'm happy to recommend them to anyone who is in the process on selecting an auction firm to do business with. My results were on target from day one and the company fulfilled all of my expectations. I look forward to working with them again in the near future. Sincerely, Jill Santandrea OREO Manager of Sun National Bank

USDA Farm Service Agency

December 9, 2010 Re: Auction of USDA Property — September 10, 2010 Dear Rich: On behalf of USDA-Farm Service Agency,...
2014-08-26T17:18:01-04:00
December 9, 2010 Re: Auction of USDA Property — September 10, 2010 Dear Rich: On behalf of USDA-Farm Service Agency, we would like to thank you for your help in assisting USDA sell its 200 Acre farm located in Deerfield, Upper Deerfield, and Fairfield Townships, Cumberland County, New Jersey. The property consisted of five (5) separate parcels through your efforts the open public Auction process certainly worked for USDA. In the future, should we have any additional properties to sell via auction; we encourage you to bid again. New Jersey Farm Service Agency greatly appreciates all of your efforts in this matter. Sincerely, Paul J. Hlubik State Executive Director

Woolwich Township

April 27, 2010 Dear Rich, Please accept this letter in gratitude for your work towards the successful auction of the...
2014-08-26T17:22:43-04:00
April 27, 2010 Dear Rich, Please accept this letter in gratitude for your work towards the successful auction of the former Woolwich Township Municipal Building, conducted on April 23, 2010. From the moment that we met, I had a comfort level unlike any other that I have had in similar business dealings. I was truly amazed at the way in which Warner Real Estate took charge of the process, and made sure that l was properly informed each step of the way. You truly took a complicated process and made it seem easy and effortless. And most appreciated, was the fact that the process took the burden off of me. I can honestly say that through the auction process, Woolwich Township was able to market its property to a wider variety of potential bidders, and ultimately achieve a more profitable sale. The professionalism and assistance of your staff was also remarkable. I would specifically like to mention Andrew Ware, whose help and guidance throughout the process was greatly appreciated. In closing, I thank you once again for your dedicated and friendly service and for helping woolwich Township to equitably transact the sale of this property in such an efficient and professional manner. Very truly yours, Jan DiBella

Katrina Chamberlin

October 30, 2009 Re: Warner Real Estate and Auction Company I am writing to recommend Warner Real Estate and Auction...
2014-08-26T17:25:47-04:00
October 30, 2009 Re: Warner Real Estate and Auction Company I am writing to recommend Warner Real Estate and Auction Company to anyone with a property to sell in these difficult economic times. This company, and its leader, Richard Warner, went well above and beyond their original agreement with me to sell my property in Cape May County. Their marketing was thorough and excellent but, above all, the attitude expressed by the staff and Rich was incredible. Although I never met any of the staff or Rich in person, since I had already moved out of New Jersey when I contracted with them, I felt as if I was being taken care of by a longtime family friend. I have no hesitation in recommending them knowing that they will do everything in their power to sell a property. I wish all of them, and you, a prospective seller, well. Sincerely, Katrina Chamberlin

Harry & Susan Seeley

July 6, 2009 Dear Mr. Warner and Associates, We would like to express our thanks to Rich Warner and his...
2014-08-26T17:28:09-04:00
July 6, 2009 Dear Mr. Warner and Associates, We would like to express our thanks to Rich Warner and his team at Warner Real Estate for their help in selling our father's house. The auction process went smoothly, and we were very happy with the final bid on the property. We were the intermediaries for the sale, as our father lives in Florida. Rich and his team handled all the long distance paper work and details and made this experience hassle free. Thanks again Rich, for your attention to detail and your expertise. Harry & Susan Seeley

Fulton Bank of New Jersey

September 18, 2008 Re: Auction Services; 9 Fordham Road, Pennsville, NJ Dear Rich and Associates, I wanted to thank you...
2014-08-26T17:31:43-04:00
September 18, 2008 Re: Auction Services; 9 Fordham Road, Pennsville, NJ Dear Rich and Associates, I wanted to thank you for the great job your team did in selling a partially complete home for The Bank in Pennsville, New Jersey. The marketing plan was right on target for the property and your suggestion of an Absolute Auction definitely excited the marketplace. I was very pleased to see (9) registered bidders for the auction and we were very satisfied with the final sales price. If you ever need a reference please don’t hesitate to call me. Thanks again, Joseph Warner III

Mark & Patty West

5 November 2007 Dear Rich, Please forgive my tardiness in writing as Patty and I have been very busy. I...
2014-08-27T09:07:18-04:00
5 November 2007 Dear Rich, Please forgive my tardiness in writing as Patty and I have been very busy. I wanted to thank you for your outstanding professionalism in the auction of our farm. You sat and spoke with us on several occasions and each time were truthful and did not over estimate the value of our farm. You gave us a time line for the sale and stuck to it. You gave us options for selling and helped us pick the most prudent. All in all you restored my faith in realtors because you did what you said you were going to do and got it done. Thank you again for helping us sell a difficult piece of property. Gratefully, Mark & Patty West

First National Bank of Elmer Trust Department

June 13, 2008 RE: ESTATE AUCTION Dear Rich; Thank you for helping The First National Bank of Elmer, Executor for...
2014-08-27T09:16:21-04:00
June 13, 2008 RE: ESTATE AUCTION Dear Rich; Thank you for helping The First National Bank of Elmer, Executor for an Estate, market, and sell six (6) parcels of real estate located in Pittsgrove Township and Upper Deerfield Township. Through the auction process you were to sell all parcels at a reasonable price in this difficult real estate market with one small parcel bringing more than appraised value. You made a difficult task seem easy. Sincerely, Margaret M. Cloak Vice President/Trust Officer

Colonial Bank, FSB

January 6, 2015 RE: REO Sales and Services Over the past two years Colonial Bank, FSB has developed a positive...
2015-01-06T15:48:33-05:00
January 6, 2015 RE: REO Sales and Services Over the past two years Colonial Bank, FSB has developed a positive business relationship with Richard Warner and his team at Warner Real Estate & Auction Company. Through their proven track record in marketing and sales as well as their excellent reputation, Warner Real Estate & Auction Company has successfully represented the bank in selling numerous bank owned properties, including commercial, residential and commercial building lots and single family homes throughout Southern New Jersey. We have continually found their marketing and sales campaigns to be both consistent and extensive in effectuating quick sales and positive returns for the bank. Mr. Warner and his associates have and continue to provide us with first class service, including advising and establishing competitive price points, managing property showings, marketing results and coordinating settlements on the bank's behalf. Colonial Bank, FSB greatly appreciates its business relationship with Warner Real Estate & Auction Company and is happy to recommend their services. Sincerely, Stephen H. Haak Vice-President, Special Assets

Estate Auction: 228 +/- Acre Farm, Quinton, NJ

May 23, 2013 RE: Estate Auction: 228 +/- Acre Preserved Farm, Quinton, NJ (Three Tracts) It's been such a pleasure...
2015-01-06T15:56:36-05:00
May 23, 2013 RE: Estate Auction: 228 +/- Acre Preserved Farm, Quinton, NJ (Three Tracts) It's been such a pleasure doing business with you. You were very helpful and informative, honest in our opinion. Would refer anyone to you who is trying to sell. Thanks again. Jane Weidle, Co-Executor Estate of Albert M. Bell

USDA Rural Development

Re: Real Estate Auction Dear Rich, On behalf of USDA Rural Development, we would like to take this opportunity to...
2016-07-11T10:02:45-04:00
Re: Real Estate Auction Dear Rich, On behalf of USDA Rural Development, we would like to take this opportunity to thank you for all your help in assisting USDA Rural Development in selling our residential foreclosure properties throughout the Garden State. Your efforts with the open public auction resulted in USDA Rural Development selling 45 single family homes in eleven counties. This auction was truly a success. We look forward to working with you in the future to sell our REO properties. Again, USDA Rural Development appreciates all of your efforts in this matter. Sincerely, Howard Henderson State Director

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