- Buyer determines the purchase price and actual market value.
- Quantum Auctions eliminates the negotiation process.
- Buyer knows the Seller is committed to sell.
- More transparent than traditional sale, as Buyer receives comprehensive information on the aircraft via inspection package, the Purchase & Sale Agreement and the Title Report.
- Buyer does not have to worry about contingencies.
- Reduces time to buy the airplane, as comprehensive information package including all necessary documents from Seller are positioned by Auction Day.
The Quantum Auctions Way – the Fast, Easy, and Transparent Path to Your Purchase
You are a serious Buyer looking for the best possible deal. Quantum Auctions makes it simple and less costly, taking a Quantum leap forward.
Through its licensed auctioneers with a long, successful history, Quantum Auctions puts ONLY aircraft on the auction block – meeting industry standards, codes of ethics, and satisfying Buyers all along the way. The time is now, let Quantum Auctions take you there, saving you money while we guide you.
How we do it:
- As a registered and accepted Buyer after presenting proof of funds, you receive, for each airplane you are interested in, the written Inspection or Evaluation Report performed by a Quantum Auctions’ pre-approved, industry recognized and respected aircraft inspection company.
- Buyer and Seller agree to use the Quantum Auctions approved Closing Agent for the aircraft. Quantum Auctions will bear the cost of the Closing Agent’s base fees and the Purchase & Sale Agreement, which will cover most normal transactions.
- Upon your interest in bidding, order the Closing Agent’s package that includes the transaction documents: Purchase & Sale Agreement, and Closing Agent Agreements, Title Report, checklists and all pertinent information related to the “As Is” conditions available for review beginning fifteen (15) days prior to auction. This balanced set of documents will help expedite the closing and is provided at no charge to Sellers and Bidders for typical transactions.
- Immediately after the auction, as a successful Bidder you will receive an official notice of the hammer price with said price inserted into the Purchase & Sale Agreement to be executed auction day between Buyer and Seller and Quantum Auctions’ invoice for the Buyer’s Premium. Upon execution you will wire to Closing Agent’s escrow account the Down Payment and Buyer’s Premium.
- Closing Agent will upon execution of the Purchase & Sale Agreement, release the Buyer’s Down Payment escrow to Seller.
- Within ten (10) banking days, Buyer shall wire to Closing Agent the balance due to Seller, and any other fees, expenses, etc., and receive clean and clear title at closing.
