What are the benefits of buying at a real estate auction?

What are the benefits of buying at a real estate auction?

A typical Real Estate transaction usually involves Real Estate agents negotiating offers and counters over a period of days, weeks, and even sometimes months, then starts the process of due diligence which could last months longer.

Real Estate Auctions set a date and time and provide buyers with as much information as possible so the due diligence is done prior to the Auction date.

The negotiations take place openly and quickly between bidders, not the seller. Once a high bid has been achieved a quick decision is made by the seller or lender.

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Sellers and lenders are highly motivated to sell once they have seen and confirmed in their own minds that the auction process has stimulated multiple buyers ready to take action.

At US-TV Auctions all the terms and conditions and rules of the auction are clearly spelled out and the same for everyone participating, giving every buyer an equal opportunity to take advantage of the auction process.

Once a bid has been accepted by the seller/lender a Real Estate purchase contract is completed and escrow is started at a predetermined title company, and US Auctions will stay involved until the transaction is closed.

So what are you waiting for? Start buying Real Estate at Auction today.

What are the benefits of selling at a Real Estate Auction?

Here are some additional links to learn more about real estate auctions:

Next Auction

November 12th ›

Online only. See each property for details. Questions call 877.922.9720.

About Us

United Country is the largest integrated real estate & auction company in the U.S. with over 700 offices and 4,000 associates. We generated over $3 billion in annual sales in 2008, and are recognized as the auction “Industry Leader” (NAA: Auctioneer Magazine, January 2008). Our company was ranked the “Top Real Estate Franchise” by Dun & Bradstreet in July, 2009, and we are in the “Top 1%” of all franchises nationwide according to the Wall Street Journal. We currently have over $1 billion of controlled listings, and reach over 90 million homes each week through our nine owned, exclusive publications, third party trade publications magazines and catalogs.

US-TV Auctions is an affiliate of United Country, providing property sellers, buyers, and agents an enhanced marketing solution. Our online system exposes property to a local and national network of over 300,000 buyers through publications, affiliate brokers and over 1,100 websites. Because of our technology, expertise and marketing strategies, we have over 1 million visitors on our websites each month, who spend an average of 24 minutes per visit.

The very nature of the auction process makes transactions smoother, with faster closings. Many buyers believe that all real estate auctions involve only distressed or foreclosed properties. This is not the case. Historically auctions have been utilized primarily by banks and other institutions, however, now we this tool is available to all homeowners as the wave of the future for selling homes.

Depending on the type of auction, whether a property is distressed or not, buyers can get a bargain. It's all about diligent investigation and planning. While sellers can retain some control over the final selling price, buyers can find a great deal in a win-win scenario. It's more about informed sellers and buyers being much more in control of the process than in the normal public listing and sale process.

Increasing Buyer Confidence
We have created a “Buyer Confidence Package” that includes four items done immediately after receiving an auction listing. These are made available to potential buyers on the web at the click of a button, enabling them to make an intelligent buying decision, with minimal risk:

  • Current Appraisal or Comparable Report
  • Full Property Inspection and Detail Report
  • Preliminary Title and Local Area Report

Nobody but United Country - US-TV Auctions is offering this type of information and coverage for buyers to help them feel confident about the property on which they are bidding.

The auction is the truest form of obtaining market price, as it exposes the property to a wide range of buyers who have an equal chance to bid with equal terms and conditions. With current market conditions and the challenges of selling real estate, property owners and lenders are being forced into short sales and foreclosures, sustaining large losses in capital and equity. United Country - US-TV Auctions has brought an enhanced marketing solution to help both buyers and sellers achieve their objectives.