Overview

The principals and affiliates of Private Auction Properties have assisted thousands of sellers sell their properties through traditional methods.  Drawing on our extensive experience, we have developed a successful two-pronged, common-sense selling program that will help your property stand out in the crowd, will position your property to be viewed by a larger number of potential buyers and will help it sell faster than other real estate methods of sale.

Our Affilliate Agents and Brokers

We are in the market everyday and because of this, we have the opportunity to associate with some of the most knowledgeable and energetic agents in the industry ... professionals with sound ethics and a desire to serve.  By forming strategic alliances with the "best of the best," we have created a pool of some of the brightest talent available for you to work with through the selling process.

Settlement Service Providers

Having the right real estate team in place is an essential part of a successful real estate transaction.  Your title representative, escrow offer, lender, property inspector and others are important to have onboard early in the planning process.  They each play a significant role during the due diligence, negotiating and closing process.

Financial Services

Bringing our preferred lender(s) into the sales process upfront is most important.  The analysis of your property by a lender and the types of current loans available should be indentified up front as this is a vital component to marketing directly to your property's target buying audience.

Private Auction Properties Offers Two Unique Ways To Promote Your Property To Motivated Buyers

The Private Auction Properties Auction Process

Most real estate companies take the traditional route to promoting their seller's property.  This is a fine approach if you want your house to be just another number is a sea of available products for buyers to sift through.  At Private Auction Properties, we offer a unique way to motivate buyers to consider your property above others.

Pricing Your Property

Pricing your property to sell is important, but pricing "strategically" makes all the difference when it comes to buyer traffic.  Private Auction Properties provides you with several options as to how to strategically price your property to reach the largest amount of buyers in the shortest period of time.

Buyer's And Buyer's Agent Incentives

Probably one of the best examples of our commitment and confidence in selling your property - and a key ingredient in getting directly to motivated buyers - is our buyer's incentive offer that is made on all Auction Properties.  In almost all cases, we will reimburse the buyer of your property approximately 25% of our buyer's agent commission upon the close of escrow (subject to certain sales requirements) when the buyer comes through our auction process and is represented by one of our affiliate agents or brokers.

In some cases, we also recommend that a buyer's agent bonus be offered subject to a property selling and closing by a specific date that is acceptable to you.

Auction Previews (Open Houses)

Through our auction previews, we have been successful in generating significant buyer traffic to our Auction Properties.  More buyers to our auction previews means more activity on our website.  More activity on our website means competitive bidding for your property.

The Bid (Auction) Process

Our online Private Auction Properties bid process creates a competitive environment that has proven to motivate buyers to a buying decision much faster than the traditional offer/counter offer process.

Opening Bid Pricing

Publishing an opening bid price attracts buyers from a larger property search range while still leaving you in control of the final price and terms.

Pre-Opening Escrow

In order to complete a successful sale in a timely manner, we believe most "conditions to sale" (or contingencies) should be completed prior to the auction period.  When all contingences have been addressed going into the purchase agreement process, negotiations come down to arriving at an acceptable price to both parties.

By pre-opening escrow, our preferred escrow companies accumulate all necessary documents available and prepare you and the winning bidder for the close of escrow in advance.

In additional, Private Auction Properties has selected preferred settlement service providers who furnish various services and information in advance of any sale.

Targeted Buyer Marketing

By specifically targeting active buyers, Private Auction Properties consistently speaks directly to a sophisticated and qualified audience of buyers who are directly trafficking our website.

Frequently Asked Questions

How Do I Know If My Property Qualifies?

Are you motivated to sell?  It's really that simple.

Once you've made the decision to sell, we will match you with one of our professional and knowledgeable affiliate agents or brokers who understands the Private Auction Properties approach and who will represent you and your property throughout the auction process.

Do I Still Pay A Commission?

Yes - you are still responsible for the commission you negotiated with your Private Auction Properties affiliate agent.

What If I'm Already Listed With An Agent?

All properties on our website must be represented by a licesned real estate professional.  If you are already listed with an agent, but would like to have your property included as an Auction Property, please CLICK HERE and one of our Auction Coordinators will contact you for more information.

What Is The Auction Transaction Fee?

In the world of auctions it is customary to charge a buyer's premium fee.   This is a fee that is charged directly to the buyer and is in addition to the purchase price of the item - usually ranging between 10% - 20% of the purchase total.  Unlike other real estate auction companies, Private Auction Properties does not charge a buyer's premium fee.   Our auction transaction fee is usually .75% of the sales price - but can range from a flat fee up to 2% of the total purchase price depending on many variables.  With the exception of some short sale properties, the fee can be paid by the buyer of seller.  A portion of the auction transaction fee may also be paid by our preferred lender (if selected).

How Long Is The Auction Process?

In order to get maximum exposure for your property, each initial auction is usually scheduled for a minimum of 30 days - but can be extended longer.

Because most bidders/buyers want their offers submitted immediately, Private Auction Properties encourages bidders to submit both price and terms through our unique bidding system.   You and your agent will review any submitted bids within 48 hours for acceptance, counter offer or rejection.

If at any time during the auction period a bid is presented and is considered "acceptable" to you and your agent, then the purchase agreement will be prepared for signatures by all parties.  Upon a fully executed agreement between the parties, the online auction period will immediately conclude.

Will Bidders Be Viewing My Property In Person?

Private Auction Properties encourages bidders to do all their due diligence during the online auction period - this includes inspecting the property either in person or through their buyer's agent and/or hired inspector.  We also encourage sellers and their listing agents to host open houses (auction previews) during the auction period to allow as many potential buyers as possible to view the property.  The more you make your property available for viewing, the more successful you will be.

Do I Have To Accept The Highest Bid Price?

There are several types of real estate auctions.  With Private Auction Properties you are NOT required to set a minimum price you will accept for your property and you reserve the right to accept or reject any and all bids regardless of their amount. At the conclusion of the auction, if you do not receive a bid that is acceptable to you, you do not have to sell your property.

What Happens If My Property Doesn't Sell?

There are three main reasons why a property doesn't sell during an auction - the price, the condition of the property and/or the property's location.   Fortunately, you have some control over two of these buyer obstacles.

If your property doesn't sell during the auction period, you and your listing agent will want to review the asking price, the incentives and the condition of the property.  If you wish to make adjustments you can re-offer the property again.

Offering Money Back To The Sellers Seems To Good To Be True.  Is There Any Risk To Me In Promoting Money Back To The Buyer?

According to the United States Department of Justice, because rebates make buying a home less expensive for the buyer, they actually encourage the practice.  For more information on the Department of Justice's stance on buyer's commission rebates, CLICK HERE.

How Do I Submit My Property?

Simply CLICK HERE to give us your contact information an an Auction Coordinator will contact you with more information.

The Private Auction Properties Sell Direct Program

If you've made the decision to place your house on the market, before you re-carpet the living room and finish that deck expansion, wouldn't it be nice to know if someone is interested in buying your property RIGHT NOW and AS-IS?

Through Private Auction Properties' exclusive Sell Direct program, you have the unique opportunity to potentially:

*  Avoid the "unkown" time on the market

*  Close quickly

*  Sell your property as-is

Our Buyers and Investors

Private Auction Properties works consistently with a variety of buyers including:

*  Investors who buy multiple properties for rental purposes

*  Investors who buy properties, fix them up and resell them

*  Cash buyers who want to purchase properties and renovate them themselves

The Sell Direct Process

If you are interested in having your property evaluated by our buyers, CLICK HERE to fill out our simple information form.  Your property will be presented to our buyers and, in most cases, you will receive a response within seven days.

Frequently Asked Questions

Do I Have To Accept A Sell Direct Buyer's Offer?

No - Just as you are intereted in getting the best price for your property, our experienced buyers are interested in getting the most for their money.  If you are unsatisfied with the offer you receive, you are under no obligation to accept it.

Can I Counter Offer A Sell Direct Buyer's Offer?

Absolutely - The negotiation process is the foundation of buying and selling real estate.

Do I Need To Have My Home Listed With A Private Auction Properties Affiliate Agent To Submit It To Your Buyers?

No, but prior to an offer being presented to you, you will be required to sign a one-time listing agreement that includes our fees.

What If My Home Is Already Listed With Another Agent?

If your property is currently listed with another broker or agent, we will certainly respect that agreement and will cooperate with your listing company.  We present our buyer/investor to your agent and follow the normal offer/counter offer process.

How Do I Submit My Property For Consideration?

If you are interested in having your property evaluated by our buyers, CLICK HERE to fill out our simple information form.  Please indicate if your property is listed and provide the agent's name and contact information.