A Real Estate Auction is an Open Forum Which Allows Oral Bidding.

• After the bidding is exhausted the property may be declared sold.
• The buyer and seller will complete a purchase agreement and follow the necessary steps to closing.
• The property is sold "as is" and the buyer is to pay closing costs.
• AUCTIONS SELL REAL ESTATE FAST!

REALTOR BENEFITS

• Agents earn commissions as a referring agent or as the buyer's agent.
• Assurance that property will be sold at true market value.
• Property is sold within a short period of time.
• Exposes property to many potential purchasers.
• Convert the almost expired listing into a time specific sale.
• Develop agent's market niche
• Offer clients and customers new selling and purchasing options.
• Successful auctions result in referrals and return business.

top

BUYER BENEFITS

• Buyer determines the purchase price.
• Smart investments are made as properties are purchased at fair market value through competitive bidding.
• The buyer knows the seller is fully committed to sell.
• In multi property auctions, the buyer can view many properties at the same time.
• Auctions eliminate long negotiation periods.
• Auctions reduce time to purchase property.
• Purchase and closing dates are known in advance.
• Buyers know they are competing fairly and on the same terms as all other buyers.
• Buyers receive comprehensive information via the due diligence property information packet (PIP).

top

SELLER BENEFITS

• Seller pays zero commission
• Seller knows when the property will sell and close.
• Buyer signs a no contingency contract to close within 30 days.
• Creates competition among buyers . . . auction price can exceed the price of a negotiated sale.
• The aggressive marketing campaign increases interest and visibility.
• Buyers come prepared to buy.
• Assurance that the property will be sold at true market value.
• Property is sold “As Is”; no seller warranties.
• Fast selling time reduces long-term carrying costs, including interest, taxes, insurance and maintenance.
• Seller is taken out of the negotiation process.
• Eliminates numerous and unscheduled showings.

top

Put us to work for you! Contact Us!

AB2387	Abal Auction Real Estate 77 Dr. Joe Abal Drive | Crawfordville, FL 32327 850-926-9160 | 850-510-2501 Fax: 850-926-7649 Dr. Joe Abal – Auctioneer, Broker, Appraiser, AU3239 Betty Evans – Auctioneer, Sales Associate, Appraiser, AU3238 Jeanne Davis – Auction Manager Joseph A. Abal, Ph.D. Lic. Real Estate Broker