REAL ESTATE AUCTION SERVICES
Full service on-site auctions and online auctions
With our experience and expertise in the auction industry, we are offering our clients a better way to sell and buy real estate. We come to your location and do all the work to get your property SOLD for the highest value in a short time frame! We have marketed and sold all types of real estate including farmland, recreational/wooded land, lakefront property, multi-parcel, commercial/industrial, and residential, both single and multi-family.
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Gone are the days of the past when the perception was mostly distressed properties sold at auction or the thought that an auction is the last resort. Today people are discovering the real estate auction as the most efficient, effective, and profitable method of marketing real estate.
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We offer
Real estate market analysis
No obligation consultations
Customized marketing campaigns
Property preparation
We handle all property showings
Regular updates
All aspects of your auction event
Contracts
Closing
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Types of properties we sell
Commercial properties
Farms
Hunting / Game preserves
Investment properties
Luxury homes
Multi-parcel
Recreational Properties
Residential properties
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Call us today and let’s discuss what we can do to help you reach your real estate sales goals.
"Going once! Going twice! Sold!"
WHY SELL REAL ESTATE AT AUCTION?
Benefits of selling real estate at auction
The bottom line is that auctions work. If your goal is to sell your property quickly, efficiently, and for the highest possible price then take action and call us now!
Cash sale
No contingencies, close in 30 days.
Seller pays no commission
Urgency. Potential buyers recognize you are serious about selling your property.
The benefit of accelerated marketing. Auctions stand out in marketing
Limited negotiations
Know exactly when the property sells and closes.
Property sold "AS-IS" - No repairs!
Competitive bidding means a higher price.
Growing trend
RESULTS in 30 days!
According to a recent study, real estate auction sales in the United States reached over 60 billion dollars annually.
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Set the date.
Set the minimum price.
Set the terms.
AUCTION TERMINOLOGY
Absolute Auction
An auction without a reserve. An auction in which property is sold to the highest bidder regardless of price.
Absentee Bid
A procedure that allows a bidder to participate in the bidding process without being physically present. A bidder who cannot attend submits an offer prior to the auction. All arrangements for payment have been made in advance.
As-Is
Selling the property without warranties as to the condition and/or the fitness of the property for a particular use. Buyers are solely responsible for examining and judging the property for their own protection. Otherwise known as "As Is, Where Is".
Auction with Reserve
An auction in which the seller or his agent reserves the right to accept or decline any and all bids. A minimum acceptable price may or may not be disclosed and the seller reserves the right to accept or decline any bid within a specified time.
Bidders Choice
A method of sale whereby the successful high bidder wins the right to choose an item or items from a grouping of similar items. The winning bidder then has the choice to take one item or as many as were offered in that round. After the high bidder's selection, the item is deleted from the group, and the second round of bidding commences, and so on until all items are sold.
Buyer's Premium
A percentage is added to your bid amount. In Real Estate it is an amount added to the high bid to determine the total contract price to be paid by the buyer. The use of the buyer's premium benefits both buyers and sellers. Sellers benefit because it helps to defray many of the expenses associated with conducting an auction. The buyer benefits because without the use of this tool, there may not have been an auction. The competitive bidding process might not exist if the buyer's premium were not used to offset some of the expenses. Check the terms and conditions of the auction to determine if there is a buyer’s premium.
Due Diligence
The process of gathering information about the condition and legal status of the property to be sold.
Multi-Parcel Auction
A process used in real estate auctions where a bidder has the opportunity to combine several parcels of land previously selected by other bidders, thereby creating one larger parcel out of several smaller parcels. This process is often used in conjunction with the bidder's choice.
Preview
Also called Open House. Pre-determined times are made available for you to inspect the property offered for sale. You will want to evaluate the overall condition of the property and determine if there are any defects. While these may be acceptable to you, they may affect the amount you want to bid, so look before you bid.
Property Information Package
A package of information and instructions provided by the auction company pertaining to the property to be sold such as a contract, legal description, survey, terms, and disclosure statements.
Registration
The process you must complete in order to be a qualified bidder. For an on-site auction, first, ask to register and obtain a bid card. You will be asked to show proper identification to register. You may be required to verify that you have certified funds or cash in your possession. You must register at each auction event. This is essential before bidding. For an online auction, go to the online website of the action and click on the register button. Follow the prompts.
Terms and Conditions
The legal terms and rules for a specific auction. Each auction’s terms and conditions may vary and the bidder must understand them before participating in an auction. They include the method of payment, buyer’s premiums, possession, reserves, and other limiting factors. Usually included in published advertisements or announced by the auctioneer prior to the start of the auction.