Many homeowners are choosing to sell their homes by auction in today’s challenging real estate market. A typical timeframe is six weeks to a successful auction. This is the period from first contact with the auctioneer through auction day.

    Week 1 - The Auctioneer reviews the property and discusses with the seller the type of auction desired (reserve or absolute). The auctioneer makes recommendations to the seller regarding how to market the property. Deed, title, liens, and other paperwork are checked.

Week 2 - Advertising is ordered, with an early emphasis on web-site internet exposure. Signage is placed on the property. Auction site plans are determine

Week 3 - A pre-auction seminar for prospective bidders if organized, and agreements are made with traditional real estate brokers who can refer buyers to the auction. Auctioneers offer a brokerage agreement that allows brokers a commission for bringing a successful buyer to the acti

Week 4 - The pre-auction seminar can be held this week for novice bidders. Open houses begin this week. In addition to the primary purpose of showing potential bidders the property, an open house gives the auctioneer a barometer of how successful the auction will be.

Week 5- During this week, an initial evaluation of the marketing campaign is made based upon the response at the open house and calls requesting bidder packets. Interested and qualified bidders are identified.

Week 6 - Final details such as site preparation and posting additional signs to the auction site are done. Bidders are contacted to made sure they have their questions answered. The Auction is held on the set auction day with confidence that the bidders and all parties are prepared for a successful event.

BE THE SUCCESSFUL BIDDER AT THE NEXT REAL ESTATE AUCTION!!