Buying at Auction

The National Auctioneers Association reports that in 2009 $58.6 billion in commercial and residential real estate was sold at auction. This is an all-time high. The NAA predicts that by 2013, almost a third of real estate will be sold at auction.  Due to this extraordinary growth a comprehensive understanding of the real estate auction process is essential for all real estate professionals in today’s challenging market.

At Equity Realty we specialize in representing Buyers purchasing real estate at auction in the Kansas City metropolitan area.  From investors looking for value to first-time home buyers interested in expanding their buying power Equity Realty will be your exclusive advocate throughout the entire auction process.  Our services include:

• A property inspection to ascertain condition and improvements required;
• A comprehensive market analysis with estimated market value for each target asset;
• A review and summary of the rules, documents and deposits required for each specific auction;
• Assistance with securing appropriate financing for an auction purchase;
• We will preregister buyers for the event and accompany them to auction or bid in their place if they are unable to attend;
• Based on our experience and analysis Equity Realty creates a unique bidding strategy for each asset based upon property and auction type; and
• When a Buyer is the high bidder Equity Realty is there to assist them through the closing process.

 

Don’t buy property at auction without representation.  Real estate auctions are very seller friendly and the process often allows for little negotiation once the auction is over.  Equity Realty provides timely analysis, due diligence and administrative support for all types of real estate auctions.  Please contact Equity Realty today for your free consultation.