HOW DOES AUCTION WORK?  WHAT ARE ITS BENEFITS?

Auction sells real estate in a public, open-call format, typically on-site, and generally only 30 days or so from signing the listing. 

Auction PROCESS: 

We sign an auction listing agreement.

We receive a promotional investment to promote your auction actively. 

We promote:  sizeable newspaper ads, high-visibility signage, extensive internet advertising, e-mail broadcasting to our bidder list, and promotional flyers available on-site weeks before the auction.  Click here to see first-hand what auction advertising is like.

We conduct the auction.

We execute a purchase agreement subject to NO contingencies and receive a 10% AT-RISK deposit.

We assist with closing related activities.

Auction BENEFITS:

QUICK SALE. Eliminates holding costs (taxes, interest, etc.).  Click here to see quickly how holding costs add up.

NO CONDITIONS. Due diligence performed prior to auction. Auction sales NOT subject to financing, inspection, improvements, appraisal, etc.

ALL CASH. 30-45 day UNCONDITIONAL, ALL-CASH closing.

"AS IS, WHERE IS." Sold without warranty of property condition.

EXTENSIVE ADVERTISING. High profile, aggressive marketing (see link above).