SOLD to the Highest Bidder!

Real estate auctions are seemingly the new "trend" in selling real estate.

Often people ask, " What is a Real Estate Auction?" and usually an education is to follow...

A real estate auction is an innovative and effective method of selling real estate. It is an intense, accelerated real estate marketing process that involves the public sale of any property much like Multiple Listing Service but with the direct public involved. It most certainly includes properties that are owned by both distressed and nondistressed sellers. The real estate is sold through open crying of competitive bid calling. It is not necessarily a "fire sale" as most people ask, but merely an aggressive marketing method that creates quick multiple offers or bids without all the paper work and emotions of the seller. An auction brings sellers and buyers together to see who will bid or pay the most money for the property .

Auctions are truly a win-win situation for Everyone!

BENEFITS TO THE SELLER:

• Buyers come ready to buy
• Accelerated sale saves time on market
• Creates a competitive nature and competition - possible higher price!
• Requires buyers to be pre-qualified for mortgage or other financing
• Seller knows actual sale date of property
• Eliminates showing headaches
• Seller is removed from negotiation and emotions of the sale
• Seller knows that it will sale at true market value
• Large captive audience of pre-qualified buyers
• Quick sale means no more money out of sellers pocket
• Creates an aggressive marketing feature that increases sale potential
  
  
  
  BENEFITS TO THE BUYER:
• Fair Market Value purchase for a smart investment through bids
• Purchase time reduction without negotiations
• Buyer determines the purchase price
• Fair and open competition with all buyers
• Buyer knows there is a committed seller 
• Closing date is definite
  
   

How Can I Help You with an Auction?

• You will know that the property will be sold to the highest bidder for the highest price among competing bidders! When buyers compete - you win!

• Properties are sold "as-is", "where-is"; you will not be obligated to pay for any repairs and/or improvements to the property.

• Every buyer is qualified and registered with us by providing us with a cashier's check for a predetermined amount and by providing us with proof of funds in order to close.

• The property will typically close 30 days or earlier from the date of the auction.

• You may elect to set a reserve amount at the auction. You are in control of the sale!

• Buyers can elect to open the bidding before the auction event.

• We encourage Real Estate Broker and Agent participation and we pay commissions to Buyer's Agents and Listing Agents who refer an auction to us.

• The buyer pays our fee in the form of an industry standard "buyer's premium". The seller may elect to offset the fee.

How do we attract Buyers?

Home Hero Auction designs an extensive marketing and advertising campaign to specific buyers in your area!

In most auctions, we will charge an upfront fee for advertising that will be deferred at closing.

We use almost every type of media to attract buyers:

• Newspaper & classified advertising
• Real Estate Publications
• Mail Campaigns (Traditional and email)
• MLS (Multiple Listing Service) for marketing to real estate agents
• Exposure to our exclusive list of potential buyers
• Your input is included to design your marketing plan

The Home Hero's Team is here to Help!

Richard " Chip" Lake  SCAL# 4131