info@EstateAuctionPros.com                          314-952-SELL 

Luxury real estate, farmland, vacation properties, those that are unique and/or difficult to appraise, and real property which must be sold within a definite time frame are particularly suitable for sale via auction.

OUR ADVANTAGE:

We do not set a ceiling on the selling price. Let the market tell you what it's worth - do not sell yourself short!!!

We provide you with immediate cash and no long-term carrying costs like taxes, interest, insurance, maintenance.

All real estate is sold "AS-IS" and with "NO CONTINGENCIES"

We will aggressively market your home in the best possible light using time tested methodologies on a local / regional / national basis.

ABSOLUTE AUCTION -

The real property will be sold to the highest bidder, regardless of price.

Under this scenario, a motivated seller relies upon an open and competitive bidding process in order to attain "true market value" for their property - thereby avoiding all risk of arbitrarily setting a selling price either too high or too low.

Because a sale is guaranteed to take place, this advertised fact tends to generate more buyer interest and participation.

Buyers tend to travel greater distances to attend an absolute auction because they believe they are not wasting their time.

Estate Auction Pros pays for all advertising under this scenario.

MINIMUM BID AUCTION -

The auctioneer will accept bids for real property at or above a predetermined, advertised, minimum selling price.

Under this scenario, a seller reduces their selling risk by establishing a predetermined minimum selling price and yet maintains the upside potential for selling their real property for more than this amount.

While this may seem ideal, the seller must consider they may be limiting buyer interest to only those bidders willing to pay the minimum bid price.

Likewise, a predetermined minimum bid selling price will establish some form of anticipated value in the minds of the bidders.

Hence, the predetermined minimum bid selling price should be low enough to act as an inducement rather than a hindrance.

RESERVE AUCTION -

Prior to the sale, a predetermined, unadvertised, minimum bid selling price is established and agreed upon by the seller and auctioneer.

All bids received by the auctioneer represent an offer to buy  and may be accepted or rejected by the seller  - unless the predetermined minimum selling price has been reached or exceeded.

Though the seller maintains the advantage of attracting bidders willing to purchase at all price levels, the main disadvantage of using an unadvertised reserve auction is that prospective buyers usually will not invest the time and expense of due diligence when there is no certainty they will be able to buy the property even if they are the high bidder.

This is a good choice especially when you are also selling the personal property of the estate at auction and will have a guaranteed crowd on hand.

Terms:

All real estate is sold "AS-IS" "WHERE-IS" with NO CONTINGENCIES.

The successful bidder will be required to sign a basic contract of sale with the seller.

A non-refundable deposit, usually 5-10%, is due on the day of the sale with the balance due in cash at closing, usually within 30 days.

Possession takes place at closing.

The seller will provide a clear and insurable title at the time of closing.

This is an equal opportunity with regard to race, color, sex, religion or national origin.

NOTE:

The successful bidder will be required to sign a disclosure acknowledging that you were given the information provided by the EPA discussing the new law taking effect on lead based paint and lead based paint hazards on any home built prior to 1978.

Any inspections for lead base paint by a purchaser must be done 10 days prior to the auction.