Real estate auctions are a profitable and efficient way to sell everything from luxury homes, commercial real estate and undeveloped land. Oftentimes, those who are not familiar with the worth of their property end up losing money, or worse yet, do not make any money at all. When you work with an experienced auction company like SELSA, LLC, we can do all of the heavy lifting for you. Auctioneering is a very detailed process. We will make sure your onsite sale occurs in a timely manner. This ensures that you eliminate the stress, whilst maximizing returns.
Our auction is sold CONTINGENCY FREE with the majority of transactions closed within 30 days following the auction.
At an auction, the terms of sale are determined in advance of the event. In most cases, your property will be offered in “As-Is” condition requiring interested parties to conclude any inspections they deem necessary before the first bid is made. Upon conclusion of the auction, the top bidder will bee required to execute a simple contract of sale requiring a non-refundable deposit of usually 20% of the purchase price. In most cases, the contract will require closing 30 to 45 days following the auction. While many purchasers obtain financing on properties purchased at auctions, the contract is not contingent upon the ability to obtain financing. Many purchasing at auctions are pre-qualified by mortgage lenders or have the ability to close without financing. This allows you to leave the auction knowing your property has sold.
From the time you make the decision to employ our services until the auction day is usually 30 to 45 days, depending upon the property. Even in good markets, this compares favorably with traditional sales methods. In good markets, and low markets, auctions allow you to get your property sold quickly and efficiently.
The seller is in complete control of the date and time of sale, the terms and conditions such as earnest money deposits, closing time frames and more. Potential buyers are aware of a commitment to sell on a specific date, they do their homework in advance and show up prepared to bid. This frees the seller from the hassle of dealing with insincere offers, prospects, and contract contingencies.