Why use the auction method to sell Real Estate?
- Timeliness – Average property is sold within a 4-6 week time frame and closes in 30 days or less.
- Ease – No contingencies are allowed. Property is sold ‘As Is’ with no repairs needed.
- Fewer Fall-Through’s – Buyers come prepared to buy with cash or financing in place; must put down a substantial, non- refundable earnest money deposit or 10% of purchase price if winning bidder. As a result, fewer deals fall apart with the auction method.
How A Real Estate Auction Works
We generally require 4 – 6 weeks to prepare for an auction, so a date will be selected 4 – 6 weeks prior to your auction. After potential sellers contact Laredo he will arrange to meet at the property to view it and discuss your particular situation. An “auction contract” is signed by sellers to enter into an agreement to auction your property.
Stevens Auction Service will gather and obtain information to properly market and advertise the property. Laredo and his crew do extensive print advertising and have a strong web presence to market properties including our company’s website, other auction websites, Facebook, and more.
The auctioneer’s commission is charged to the seller. Stevens Auction Service does not charge buyers premiums.
An open house will be held approximately one week prior to your auction date.