How do real estate auctions work – for the seller?
When you ask us to sell your real estate using an auction, the first step is to learn as much about the property as possible and brainstorm prospective buyers. Then we discuss and set an auction date with you which is usually just 6-8 weeks in the future. The marketing program is executed then the auction is held. The buyer pays a % on auction day, and then has 30 days after receiving insurable title to “close.” Each situation is different so any of the above may be different depending on what makes most sense for getting your real estate sold.
