Buying Real Estate at Auction; Our Process & How It Works
We are different than any other company when it comes to Real Estate Auctions. We offer services to our Sellers that are unique.
*After we list Real Estate for Auction, UNLESS we are selling the property ABSOLUTE WITHOUT RESERVE, we present all offers to our Seller up to the day before Auction. Why do we do this? It is very simple, we want the Seller to have as much exposure to an offer that is acceptable as possible. We have had great success in the past presenting acceptable offers to our Seller prior to Auction day. When this happens, more times than not the Seller is reimbursed dollars that were set aside for marketing & advertising. We are able to cancel any marketing in place before it hits print, thus saving the Seller money & getting the Seller a contract price they are happy with. When the Real Estate is sold in a case like this, it is sold under the Auction terms & conditions, this again is favorable to our Seller.
*Once we have a listing agreement in place, we begin marketing & advertising the Real Estate. Part of this process includes conducting multiple Open House events when appropriate. We also hold an Open House the day before the Auction as well as opening the property an hour prior to Auction time. We also open the property for any/all inspections by appointment. We want any/all potential Buyers to have multiple opportunities to inspect & view the Real Estate. We also provide ample signage on the property that works for us 24 hours a day. We provide statistics to our Seller informing them of any interest in the Real Estate they have to offer. We find it necessary to keep our Seller up to date on the level of interest.
*We provide potential Buyers & Real Estate Brokers/Agents all information we have about the Real Estate as well as registration paperwork any time prior to Auction day as well as Auction day itself. We want all of our Buyers & participating Brokers/Agents to have all the information about the Real Estate in a timely manner. At any time potential Buyers can also access this information on our website or by calling one of our Team Members.