Determine if the Property is suitable for Auction. (Analysis would include determining the Client’s timeline to sell, amount owed on subject property, completing a title search, and determination of approximate value of the property.
Complete and sign a Real Estate Auction Marketing Agreement as well as a Real Estate Listing Agreement between Client and Auction Company.
Create advertising campaign and initiate marketing and distribute promotional material accordingly within the set timeline as agreed upon with Client and Auction Company.
Calling of the sale on the Auction Date set by Client and Auctioneer.
Accept the highest bid subject to confirmation of seller or an agreed upon Reserve Bid. Close and fund executed Real Estate contract with local Title Company and disperse funds to Client thereby completing the sale.