FREQUENTLY ASKED QUESTIONS - (FAQs)
Should I Sell My Property at Auction?
What is "Real Market Value"?
How does an Auction Work?
Why is the auction method the best way to sell my property?
What can I expect on Auction Day?
What are my options when selling my property?
Why choose Excelerate Auction Group as my auction company?
What are my costs to buy at auction?
Who is eligible to buy at auction?
Is financing available?
How can I prepare my home to be sold at auction?
What are my costs to sell at auction?
Should I Sell My Property at Auction? - Most properties can be sold at auction, whether it is land, residential, commercial, industrial or personal property. There are a few surefire ways to know that the auction method is best for you.
If you answer YES to any of the following questions, the auction method may be the best for you:
- Do you have a desire or need to sell FAST?
- Do you want to hand over the keys and let us handle the rest in a hassle-free sale?
- Are you nearing or in foreclosure and want to get it sold and on with your life?
- Do you want a contingency-free sale?
- Are you tired of unexpected showings daily?
- Do you need to liquidate vacant properties?
- Do you own a hot property and want investors to compete against each other for your property to get it sold in ONE day?
- Do you want a strategic marketing campaign designed to gain maximum exposure to your property?
Call today or Contact Us for a free consultation!
How does an Auction Work? - A Real Estate Auction is a time proven and effective method of selling real estate. It is an accelerated real estate marketing process that results in an exciting public sale of any property through competitive bidding.
- From the day the seller signs the contract and provides the property information, a marketing plan specific to the property is put in place to reach every possible potential buyer for the property being offered.
- A Bidder Information Kit that includes specific property information is made available to buyers on our website, convenient for downloading.
- We schedule 2 to 3 specific dates and times for potential buyers to come to the property and complete onsite inspections. An onsite Real Estate agent is also available to respond to buyer questions.
- Then, on auction day, potential buyers, Excelerate Auction Group representatives, buyer's real estate agents and other interested parties gather at the property or in another convenient location to bid on the property. Usually, there is no registration deposit fee; however, a cashier's check or cash of a specified amount is required to register to bid. A 5 to 10% down payment is due on the day of auction for the winning high bidder, and the balance is due within 30 days of the auction. The auction terms are different at each auction, especially if seller financing is offered or the seller's preferences deem otherwise.
- The seller determines the type of auction that is best for his or her property (i.e., disclosed reserve, undisclosed reserve, or absolute [no minimum bid]). The actual bidding is accepted in increments determined by the auctioneer, and all property is SOLD as is, where is!
What are my options when selling my property? - Our specialists are skilled in many different areas of the real estate industry, including but not limited to selling pre-foreclosures, estates, commercial, residential, land, agricultural and industrial properties, whether by auction or traditionally. Whether it is determined that an auction is the best method to sell your property or not, we are confident that an Excelerate Auction Group representative with experience in your type of property will be the best agent to assist you in this important process.
Why choose Excelerate Auction Group as my auction company? - Excelerate Auction Group’s principals have over 15 years of auction experience in a variety of auction specialties. Excelerate Auction group’s team adheres to a high standard of integrity and customer loyalty. We are members of the National Auctioneers Association, the National Association of REALTORS, and many more professional organizations. As members of the two highly recognized organizations mentioned, we strive to exceed all levels of ethical and professional competencies as we are committed to serve the needs of our customers. We employ the latest technology, customize strategic marketing campaigns and create a sense of urgency when presenting your property for sale. Using these methods we are able to achieve true market value through competitive bidding, a hassle-free sale, and best of all your property is “SOLD in one day!” This allows for a positive, win-win outcome for all involved, and the seller is able to proceed with their future plans. Check out some of the properties we have sold successfully at auction recently in our “Previous Auctions” section or click [here] – hyperlinked.
