About Auctions

Auction is truly a win-win situation for both buyers and sellers: sellers obtain immediate cash and buyers purchase properties at fair market value, the price determined by open, competitive bidding.

Until recently, real estate auctions, unlike art and antique auctions, have experienced unfounded negative images in the marketplace.

• Real estate is the fastest-growing segment of the auction industry, which grossed $257.2 billion in revenue last year. It’s growing exponentially because more and more people are becoming tired of a lengthy listing.

• The majority of auctions today don't result from foreclosure or distress situations, but rather are the result of a seller choosing a cost-effective, accelerated method to sell a property.