Real Estate at Auction
What Exactly is a Real Estate Auction?The firm and time defined sale of real property by competitive bid.
The Real Estate Auction Market has nearly doubled in the last four years
2003-$32.8 Billion
2007-$58.5 Billion
Why Does It Work?
• Over 35 Years of Auction Experience (History to 1918)
• Focused Marketing on Property
• Urgency to Act
• “As Is” sale
• Competition
• Analysis of Subject Property (Key to Success)
• Proper Seller Education/Expectation Management
When is a real estate auction effective?
• When Time Matters
• Need to “get out” ASAP
• Can’t pay carrying costs
• Have double payments
• Absentee Owner
• Settle Value Difference
• Sell at “Arms Length”
• Achieve “Market” Value
How do we work with Realtors and Brokers?
• Broker Keeps Contract
• As Far as Broker/Salesperson is Concerned, Business as Usual
• We Don’t “Compete” With the Traditional Real Estate Professionals, We Add “Tools” So They Can Better Service Their Clients
Real Estate Auction Partners
142 Hineman DriveSt. Charles, MO 63301
Phone: (314) 616-8422
Fax: (314) 754-9620
