Real Estate Auctions

A real estate auction may seem unrealistic; however, an auction may be an effective and innovative way of selling real estate. An auction has many benefits to both the buyer and seller:

Benefits to the Seller

  • Buyers come prepared to buy
  • Quick disposal reduces long-term carrying costs, including taxes & maintenance
  • Assurance that property will be sold at true market value
  • Exposes the property to a large number of pre-qualified prospects
  • Accelerates the sale
  • Creates competition among buyers—auction price can exceed the price of a negotiated sale
  • Requires potential buyers to pre-qualify for financing
  • The seller knows exactly when the property will sell
  • Eliminates numerous and unscheduled showings
  • Takes the seller out of the negotiation process
  • Ensures an aggressive marketing program that increases interest and visibility

Benefits to the Buyer

  • Smart investments are made as properties are usually purchased at fair market value through competitive bidding
  • The buyer knows the seller is committed to sell
  • In multi-property auctions the buyer sees many offerings in the same place at the same time
  • Buyers determine the purchase price
  • Auctions eliminate long negotiation periods
  • Auctions reduce time to purchase property
  • Purchasing and closing dates are known
  • Buyers know they are competing fairly and on the same terms as all other buyers
  • Buyers receive comprehensive information on property via due diligence packet

Excelsior Auction Services

At Excelsior Auction Services, A Division of Real Estate Excel, our licensed auction professionals thrive in focusing on detail to make sure that each facet of the auction is conducted appropriately to ensure a successful event on sale day. The more complex the property, the more we excel, with specialists in every facet of the auction marketing program.

Contact us today to determine if a real estate auction is the correct method to sell your property or for more information on our auctioning services.