Auction Process
The following complete Auction Process from start to auction day will take as little as six weeks.
Step 1 – Phone/Contact: An Auction Specialist will contact the owner to determine if our program is right for the property.
Step 2 – Consultation: An Auction Specialist will set an appointment to meet at the property to discuss a preliminary auction campaign.
Step 3 – Marketing proposal, budget, and auction agreement: A customized marketing proposal will be created by our staff and submitted to the Sellers. The Owner will then sign a "Real Estate Auction and Listing Agreement".
Step 4 – Project Development period: The Auction Specialist will visit the property to gather specific details and documents. In addition, photos of the property will be taken to aid in the marketing campaign.
Step 5 – Marketing Campaign: Our aggressive marketing campaign consists of national, regional, and local print media, extensive web marketing, radio spots, brochures, direct mail, and email to a targeted demographic that includes your potential buyers.
Step 6 – Showing period: The Auction Specialist will organize showings and schedule inspection dates that truly showcase the property.
Step 7 – Auction Day: Buyers assemble and register to compete for the property in a fast paced bidding environment. The high bidder will execute an Agreement of Sale with the required nonrefundable deposit.
Step 8 – Closing Process: Our legal department diligently coordinates the closing until the transaction is funded and title is transferred, typically within 45 days of auction day.
