Buyer Advantages

Opportunities to have great investment properties; and you name the price! Most sellers of individual properties at auction understand that a quick sale is sometimes the best sale. If the auction price is somewhat less than conventional real estate, most sellers would not want to leave their home on the market for months or years to receive a higher price. The conventional process is sometimes very costly in more ways than one.

As a bidder in an open public auction, you have exactly the same bidding opportunity as any other bidder to purchase the property. Property is not sold to particular buyers prior to the property offered to the general public unless otherwise written in the contract agreement and disclosed to the general public of the particular ‘First Right of Refusal' option. The property receives extensive exposure through intense advertising so that anyone and everyone interested have the same opportunity to bid/buy as anyone else.

Property is sold ‘As Is', Where As', ‘Buyer Beware' status. Open house conditions are 1 to 2 weeks prior to auction for preview and inspection.

The purchaser/high bidder pays a ‘Buyer Premium' for the privilege of buying at auction method. Many sellers prefer this option to eliminate paying a seller's commission. Payment method is determined and disclosed prior to auction.

Real Estate auction properties are marketed, sold and closed within weeks.

The sale price approved high bid, is what the seller and buyer agree is the true market value of the real estate and land.

Buyer packets are available two (2) weeks prior to the auction date.

Call our office if you have any questions or concerns. 810-227-6000


Seller Advantages

Real Estate auction properties are auction sold and usually will close within 30 to 45 days or as soon as all the title company paperwork is completed to pass clear title. Pre-title work is usually ordered prior to auction date.

A property is auctioned on a specific date and at a specific time. This type of sale motivation is not available through any other sales method. The auction usually creates urgency for buyers to register for the sale and be prepared to close the sale within the time frame allotted.

There are numerous types of Real Estate Auctions: For Example – see below

• Residential – house and land

• Multi-family Residential – complex and land

• Commercial – building(s) and land

• Industrial – building(s) and land

• Vacant land of all types – large parcels to very small parcels to group parcels

• Estate sales - we work very compassionately with the heirs or estate representative(s)

• Estate sales can be very stressful on family and friends…it is our policy to be as considerate and patient as possible to complete the auction in a timely manner and without creating additional stress.

• Waterfront real estate properties - This type of real estate auction is extremely attractive and usually will sell fairly easy through the auction method.

• Multiple Properties – such as homes, buildings, vacant land usually sell well through the auction method.

• Unsold developments

Our general policy depicts contracts to auction individual properties on location for one property sale or we also conduct multi property auctions where a seller has numerous properties to be placed on the auction roster.

Another multi property auction process invites numerous sellers to enter their property in the same auction. This type of auction is conducted in a central location. A seller who would like to sell only one property may elect to place the real estate and land property in with other sellers.

True market value is determined in an open, live competitive bidding atmosphere which only the auction method can provide. The seller can hear and receive more offers in a matter of a few minutes at an auction rather than obtained in weeks or months using the conventional method.