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Seller FAQ PDF Print E-mail

Q: Why Sell Real Estate at an Auction?

Unlike a traditional real estate transaction, real estate sold at auction allows you the seller to dictate the terms of the sale:

  • Sell & Close When You Are Ready – There are only a few short weeks from listing your property until the auction takes place.
  • The property closing will follow within 30 days. This relatively quick process will reduce holding costs, drawn out negotiations and positively impact your ability to plan your financial future.
  • Auction sales are generally "As-is, Where-is". This elevates costly inspector disputes over condition of systems, units or other issues.
  • Generally auction sales have no financing contingencies. Therefore, you have a far greater certainty of closing than with conventional contracts.
  • The auction creates a competitive bidding environment; you sell your property at the highest bid acceptable to you.  The auction process will immediately make you aware of what your property is worth in today’s market. Bringing together all interested parties at once gives you the best advantage to obtain the highest possible price.  

Q. What type of auction does Capital Commercial Offer?

  • Sealed Bid With Reserve – a low "suggested opening bid" is published with a sellers reserve set by you.
  • Unlike a one-day auction a seal bid offers a minimum of four weeks of momentum and activity leading up to a closing.
  • Only the seller and Capital Commercial are aware of all incoming bids preventing low offers to avoid negatively impacting the property.

Q: How Will My Property be Marketed?

  • Being part of an auction brings together cooperative marketing dollars resulting in much greater exposure for your property
  • Professionally customized print advertisements, targeted direct mail, e-mail marketing, property signs and various web listings including CapComAuctions.com all highlighting the property's strongest features.
  • In an area where multiple buildings or other properties have for sale signs, the property with the AUCTION sign will draw the most attention.   

Q: What Makes a Good Auction Seller?

A motivated seller who is ready, willing and able to accept the highest bid for a property. The goal of a well-executed auction is to provide the highest possible sale price for your property in the shortest possible time period.

Q: What Does an Auction Provide?

  • Motivating buyers into immediate action
  • Establish value to generate higher prices than conventional sales
  • Expanded market reach to a regional, national and even international audiences
  • Sellers who opt for inclusion in multiple-owner, multiple-property auctions receive far more exposure for their properties than individual advertising contributions would buy.
 
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