- Real estate auctions offer a definite sale date and closing date with a shorter marketing period.
- We evaluate the property to determine if it is suitable for auction. Most but not all properties can be sold at auction.
- We discuss in detail the different types of auctions available to our prospective clients.
- Once the auction type is selected, a marketing plan is outlined.
- The contract is signed. It emphasizes that we work exclusively for the seller. All the details of the transaction are included.
- A date and time is selected for the auction to take place. Usually this is scheduled just 3-4 weeks after the contract is signed. Open houses (previews) are normally planned prior to the auction.
- A transfer disclosure statement and a preliminary title report may be completed. These would be included in the bidder’s packet.
- The terms of the auction are established by the seller. All buyers are bidding based on a common set of terms and conditions. The seller stays in the driver’s seat throughout the process.
- When the auction is over, the purchase contract is signed by the high bidder and escrow is opened with a non-refundable deposit from the buyer.
- Escrow usually closes in 30 days or less. If it doesn’t close, the buyer’s deposit is declared forfeited.
- Our programs address the needs of clients through innovative marketing ideas merged with proven sale techniques.
- In addition, real estate professionals are invited to participate and assist or represent their clients at the auction.
Contact us today and let us see if we can determine a marketing plan that will fit your individual needs. |
