Real Estate Auctions

Real Estate Auctions in The Columbia River Gorge, The Dalles & North Central Oregon

What is a Real Estate Auction?

An auction exposes properties to the public and then brings bidders together.  It is an open public bidding process that brings all interested buyers to the table at once giving each bidder an open format in which to make the highest offer. All potential buyers know they are competing fairly and on the same terms as all other bidders. A bid is simply an oral offer.

There is no specific minimum bid on the properties; the seller will consider the high bids and have 24 hours to make their decision. Broker participation is welcomed.

Click here for the Broker Registration Form

How Does a Real Estate Auction Work?

An Auction is the fastest way to convert any type property into immediate CASH!

SELL YOUR PROPERTY QUICKER:

• Top dollar in 30 days when considering time value of money.
• The auction method is an open public bidding process that brings all interested
• buyers to the table at once giving each bidder an open format to choose to be
• the highest offer. All potential buyers know they are competing fairly and on
• the same terms as all other bidders. A bid is simply an oral offer.

HIGH HOLDING COST AVOIDED:

• 15%-20% per year, with 8% or more loss every month from non-performing
• loans. Thousands of dollars paid in taxes, insurance and maintenance.
• Liability is an important factor. The sooner the property sells the greater the
• bottom line dollar.

VALUE CAN BE DEMONSTRATED:

• Traditional sales set the price and bargain down. The auction process
• demonstrates the value and then “bargains up”.

AUCTIONS DRAW ATTENTION:

• You create a market for your property. Exposure is enormous compared to
• conventional efforts. Many times more people are exposed to the property
• during the “Auction Promotion”. It is concentrated and intense.

AUCTIONS FREEZE THE MARKET:

• It is almost impossible for properties being conventionally marketed to compete with one being auctioned.

URGENCY TO BUY IS CREATED:

• When the ads start and the signs and banners go up, people know the property
• is going to be sold on Auction Day.
• In today’s ever changing markets, auctions are not only for distressed and foreclosed properties,
• they are considered “a tool of first choice” by the knowledgeable seller, not an avenue of last
• resort.

The Auction Method…Is It Suitable For You?

• Do you have a strong Motivation to sell your property?
• Do you want to obtain the maximum price and the best terms for your property?
• Are you ready for a Non-Contingent Contract?
• Would you like a 90% chance of selling and closing your property within 60 days?
• Are you willing to accept what today’s market will produce for your property?
• Do you want to “Close Out” your current project and jump start a new one?
• Do you want to eliminate the oppressive property carrying costs?
• Do you need to sell before “Off Season”?
• Have you been left an Estate to dissolve?
• Are you considering a Business Liquidation?
• Do you have a foreclosure to perform or a “Real Estate Owned” portfolio?
• Do you have a deadline to sell your property, but want a competitive sale?
• Do you have surplus assets you want to sell quickly and competitively?

A “YES” answer to any of these questions means:
THE AUCTION METHOD IS SUITABLE FOR YOU!!!