Residential auctions are an extremely effective and efficient method for selling real estate. In fact, they are the fastest growing sector of the auction industry. Buyers, sellers and Realtors® are increasingly seeing the advantages of the auction alternative.

In short, residential auctions create a sense of immediacy through an expedited sales process. Homes are sold within a matter of weeks, eliminating the risk of sitting on the market for months or even longer. This is true even in difficult markets.

Buyer Benefits

1. Auctions create an open, fair bidding process.
2. The procedure is simple and straightforward.
3. Buyers purchase at their prices.
4. The decision to bid is based on a known previous bid.
5. All buyers compete under the same terms and conditions, creating a “level playing field.”
6. Auctions are a fun and entertaining method of purchasing real property.

Seller Benefits

1. Auctions provide a quicker sale.
2. Auctions afford maximum advertising exposure.
3. Auctions maximize buyer participation, and therefore dollars.
4. The property is sold “AS IS, WHERE IS.”
5. There are NO CONTINGENCIES to the contract.
6. Buyers pay all closing costs, including transfer taxes and deed recording fees.