Real Estate Auctions: Why They Work

A real estate auction is the public sale of any property sold to the highest bidder – properties can include those that are foreclosed or distressed. Auctions are the fast and easy way to sell real estate without paying commissions.

Real estate auctions can:

  • Provide a high probability of closing deals in a short time frame
  • Earn more money than traditional real estate listing options
  • Help to relieve pressure on sellers and buyers during negotiations
  • Give the property exposure to thousands of potential bidders
Real Estate Auction photo of keys for a home.

Auction Company of America

Successful Real Estate Auctions Since 1979

Overall, a real estate auction can be a winning option for both the seller and the buyer.

Real Estate Auctions offer property owners the benefits of advertising and marketing to attract a large number of buyers over a short period of time.

The strategy can lead to a quick sale at a market-maximized price by using an accelerated real estate marketing process. It is fast & easy real estate liquidation for homeowners, banks, or investors who want to sell their property quickly for cash with no strings attached. We have sold thousands of properties – residential and commercial. Auction marketing produces results that compare with – and in many cases exceed – traditional real estate brokerage results.

Breaking it down: Real Estate Auction Advantage

  • Buyers come prepared to buy with certified funds
  • Reduces long-term carrying costs, including mortgage, taxes, insurance, maintenance and other related expenses
  • Exposes the property to a large number of pre-registered prospects
  • Assurance that the property will be sold at true market value (property can be sold with a reserve price)
  • Accelerated sale with preset sale and closing dates
  • Creates competition among buyers – in some cases auction price can exceed seller’s expectations
  • Sales are not contingent on financing
  • Eliminates numerous and unscheduled showings
  • Property sold as-is
  • Saves the seller an unnecessary long negotiation process – it is hassle and haggle free
  • Use of the Buyer’s Premium – buyers pay the closing costs

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Auction Success Starts with a Conversation

Every auction is unique. Everything – from financials to location – needs to be considered. Let’s talk about your goals and how we can get you there.