Will an Auction work for my property?

Most properties are saleable by auction, including residential, commercial, recreational, and vacant land. However, certain properties in certain situations have more chance of success than others. We offer free consultation to help you determine if the auction is the right choice.

What is the best time for an Auction?

Auctions can be tried at any time during the sale process, but by far the best time is at the beginning while the property is fresh to the market and interest is at its peak. Our auction contract can work along with an active Real Estate listing contract or stand alone.

What if the Auction is unsuccessful?

There are no guarantees with an auction, but even if the auction is unsuccessful, your property will benefit from the increased exposure to the market and that can only increase your chances of selling later through the traditional listing process. As long as you list with FISH/GMAC Real Estate there are no up front costs and your NO SALE risk is minimized.

What are the fees for an Auction?

Most auctions require the seller to pay all advertising costs and post a NO SALE fee up front. We do not have any up front charges, and advertising costs are included in the sales fee (which is usually covered by the buyer’s premium). If the auction is unsuccessful, a small NO SALE fee to offset the expenses of promoting and holding the auction may be charged. This fee can be added to the Real Estate listing fee and is due only when the property is sold . If the property does not sell during the listing contract, your obligation expires with the listing.

What are the pros and cons of an Auction?

A sale at auction has a definite closing date, is not contingent on financing or inspections, eliminates frustrating buyer/seller negotiations, and can sometimes bring results above fair market value. Even if the sale is unsuccessful, it can serve as a measure of the properties desirability and fair market value.