Auctions held at the property provide an opportunity to get the highest competitive price in the shortest amount of time. Homes generally are sold in 30 days and close escrow within 40 days
Buyers come to the auction property thinking "How high do I have to go to purchase the home? versus asking “What’s the lowest price the Seller will accept?”
Home is sold for market value through competitive bidding
Home visited by 50–200 people on average during the marketing period, multiple Buyers are identified, and pre-auctions offers are very possible
Properties are purchased “as-is” and contracts are written non-contingent with the exception of an appraisal contingency when the Buyer is financing the purchase
Open Houses at the property are held 2 days per week for 1 ½ hour each prior to the Auction on Wednesdays from 3:30 p.m. – 5:00 p.m. and Saturdays from 10:30 a.m. – 12:00 noon. These are the only times the home is open during the marketing period thus creating the competitive atmosphere. No more 24/7 readiness to show
A private "Reserve Price" protects the seller
Buyers come to the auction property thinking "How high do I have to go to purchase the home? versus asking “What’s the lowest price the Seller will accept?”
Home is sold for market value through competitive bidding
Home visited by 50–200 people on average during the marketing period, multiple Buyers are identified, and pre-auctions offers are very possible
Properties are purchased “as-is” and contracts are written non-contingent with the exception of an appraisal contingency when the Buyer is financing the purchase
Open Houses at the property are held 2 days per week for 1 ½ hour each prior to the Auction on Wednesdays from 3:30 p.m. – 5:00 p.m. and Saturdays from 10:30 a.m. – 12:00 noon. These are the only times the home is open during the marketing period thus creating the competitive atmosphere. No more 24/7 readiness to show
A private "Reserve Price" protects the seller
CONSUMER'S FIRST CHOICE FOR ON-SITE
HOME AUCTIONS IN SOUTHERN CALIFORNIA
BENEFITS TO SELLERS
EXCLUSIVELY AVAILABLE ONLY THROUGH FIRST TEAM REAL ESTATE
