 
- Real Estate and Personal Property Auctions -
HOW CAN A REALTOR PARTICIPATE IN AUCTIONS?
LISTING AGENT:
The Realtor can enter their listed property in the auction and receive a listing commission. The buyers premium is usally split between the auctioneer and the listing agent.
REFERRAL AGENT:
The Realtor can refer a client, who has not listed their property, to the auctioneer for sale by auction and will receive a referral fee.
BUYER BROKER:
The Realtor can register a buyer with the auctioneer and if the buyer is the high bidder and closes on the property, the Realtor will receive a selling commission.
Use the form below to register your customer.
WHY WOULD A REALTOR CONSIDER THE AUCTION METHOD OF MARKETING?
Difficult and Unique Properties.
Auction is perfect for those properties which have a narrow market for buyers or need a tremendous amount of expensive media exposure that Realtors simply cannot afford to do.
Estates.
These properties need to be liquidated quickly. Usually heirs may be outside of the area and do not want or cannot maintain the property for an extended period of time. Also the AS IS condition of sales in aucti0ns provides the comfort to the heirs that there wil be no haggling for repairs after the home inspections.
Relocation.
This is great for individuals who need to have a quick, effortless sale with no worries about repairs. This will allow the relocating party to enter into a contract for their new home immediately with a 30 day closing expected on the sale of their home. Auction properties close within 30 days of the actual auction.
New Construction Close Outs.
The auction method is ideal when a builder has just a few properties left at the end of a project. The builder usually has started a new project and wants to cash out of the old project as soon as possible. The AS IS sale insures no additional extras will be required insuring the builder can move on to the new project within 30 days of the auction sale.
Low Priced Properties.
These properties can fall in the difficult or unique category. Many times we take these properties into outr inventory to assist a previous client or in the hopes that we can resell the owners a new property. However reality tells us we cannot expend the usual amount of advertising resources for a low priced property because the commission, especially if shared with a cooperating agency, usually will fall far short of the expenses needed to sell the property. Auction allows the listing agent to list the property and get it sold within 30 days with almost no resources expended.
Quick Sales.
Divorce, threat of foreclosure and retirement are some of the reasons a seller desires a quick sale. Auction is perfect for any of these situations.
WHAT IS EXPECTED OF THE LISTING AGENT ONCE THE PROPERTY HAS BEEN SIGNED FOR AUCTION?
Open Houses.
Two open houses are usually held so perspective bidders can preview the property and obtain auction information. Auctioneer will assist listing agent at the open house.
Showings.
The listing agent will need to provide access to the property for showings outside of the scheduled open houses.
MLS.
The listing agent will change the remarks in the MLS to reflect the auction status.
Auction.
The listing agent will attend the auction and assist the auctioneer with the contract signing and answer questions regarding their specific property.
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Central Connecticut Office
935 Worthington Ridge
Berlin, Connecticut 06037
Phone: 860-829-7777
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Connecticut Shoreline Office
22 Brockett Road
Niantic, Connecticut 06357
Phone: 860-739-3740
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E-mail:
auctions@auctionhouseofct.com
or
info@auctionhouseofct.com
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Headache Free Real Estate Transactions - No Contingencies - 30 day Closings!!
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