real estate services

The key difference between purchasing real estate at auction and through a conventional sale is that auctions require preparation in advance. You’ll need to conduct any property evaluations and/or inspections and secure your financing before the auction day.

Real estate auctions also provide transparency and fairness. All bidders operate under the same terms, with no unexpected contingencies or concessions. Plus, you can rest assured you’re paying a fair market price, as you only need to bid slightly higher than the next bidder to win. With the right preparation, the auction process is the most straightforward and efficient method of purchasing real estate.

Yes! Properties are typically available for inspection during scheduled open houses or by private appointment. We encourage all potential buyers to take advantage of these opportunities to ensure the property meets their needs.

Yes, but buyers must arrange their financing prior to the auction. Most auctions require immediate payment of a deposit and closing within 30 days.

No. A deposit is required immediately after the auction. The amount (either an exact dollar figure or a percentage of the total) is specified in the auction terms for each sale. The remaining balance is due at closing, which usually occurs within 30 days.

“As-is” means the property is being sold in its current condition with no guarantees or repairs made by the seller. We encourage all bidders to inspect the property and review the terms before bidding.

In an Absolute Auction, the property sells to the highest bidder with no minimum price. In a Reserve Auction, the property has a minimum bid that must be reached before the item is sold. In certain sales, this minimum bid is made publicly known in the listing description; in others, it is not publicized.

Yes, most auctions include a buyer’s premium, typically a percentage of the winning bid. Additional costs may include closing costs, prorated property taxes, or transfer fees typical of any real estate transaction. These will be outlined in the terms of the auction.

Most of our auctions offer online bidding for your convenience. Check the auction details to confirm whether online bidding is available for the property you’re interested in.

A soft close is a feature designed to ensure fair bidding during an online auction. If a bid is placed within the final moments of the auction’s scheduled closing time, the system automatically extends the bidding window by a few minutes (typically 2-5 minutes).

This prevents “sniping,” where a bidder might try to place a last-second bid to win without giving others a chance to respond. The auction will continue to extend as long as new bids are placed within the extended time, ensuring all interested bidders have a fair opportunity to compete.

Auctions create urgency and competition among buyers, often resulting in a faster sale at market-driven prices. They’re especially beneficial for unique, hard-to-value, or high-demand properties.

A wide variety of properties are successfully sold at auction every year, including single-family homes, farmland, commercial and industrial buildings, recreational properties, condominiums, apartment complexes, and raw land. Auctions are an effective way to market and sell all types of real estate. Today, auctions are less about distress sales and more about sellers choosing a streamlined, cost-effective approach to sell their property quickly and competitively, rather than waiting months or even years for a traditional sale.

In an absolute auction, the property is sold to the highest bidder, regardless of price. In a reserve auction, the property must meet or exceed a minimum price set by the seller before it is sold.

Absolutely! We use a combination of online listings, social media, email campaigns, flyers, our extensive buyer network, and traditional marketing to attract qualified buyers and generate interest.

While properties are sold “as-is,” making the property presentable can help attract more interest and higher bids. Cleaning, minor repairs, or staging may be recommended.

Once the auction concludes and a buyer is confirmed, you’ll sign a purchase agreement. From there, we’ll work with you and the buyer to finalize the transaction and close within the agreed timeframe.