A Full Service Auction Company

PERSONAL PROPERTY AUCTIONS

• Estates

• Equipment

• Business Liquidations

• Municipal

• Commercial Paper (Mortgages, Etc.)

SPECIALISTS IN AUCTIONS OF REAL ESTATE

• Agricultural

• Residential

• Commercial

• Industrial

• Recreational

OTHER SERVICES PROVIDED BY BRAD WEBB

• Real Estate Brokerage

• Appraisals

• Sealed-Bid Auctions

• CLIENTS SERVED

• Lenders

• Attorneys

• Corporations

• Governments

• Courts

• Individuals

Our area of service is generally Alaska, Washington, and Oregon. In addition, we work on a referral basis on real estate with Century 21 and other auctioneers all over the country. Our staff is ready to look at your property, advise as to the manner by which it should be marketed, propose the marketing plan and project the outcome.

ATTENTION REALTORS AND OTHER AUCTIONEERS:

Refer sellers to us and earn co-op referral fees as many others have done.

the auction process

Auction Preparation

Our firm offers complete service—packaging, promoting, showing, helping draft legal documents, conducting the auction from the sale to the closing.  We charge for expenses, time, plus a commission, which is comparable to rates charged for private negotiated brokerage services.

Evaluating the Property

Just as a private brokerage company valuates the property it lists for sale, so does our real estate auction company.  All the physical and financial information about the property is reviewed and the property is inspected personally, as well as any required outside inspectors or consultants.  When  completed, an auction report will be presented.

In the report, we will indicate whether the property is marketable at auction.  If so, we outline the marketing strategy, type of auction to be used, how the property will be shown to prospective buyers, and the post auction follow up work that will be required.

Framing the Offering

In an auction, the roles of the seller and the buyer are switched.  In private settings, sellers normally set the prices and buyers set the terms.  In an auction setting, the seller frames the transaction and the buyer, that is the market, sets the price on the basis of the transaction the seller frames.

Showing the Property

Members of the real estate auction company are skilled real estate experts in showing property at its best.  Particularly important is the auction company’s ability to anticipate questions buyers will have regarding the real estate being auctioned.  Information that must be available for any real estate auction is anything pertaining to the property being sold, including operating statements, rent roll information, copies of leases, and any other supporting documentation. For industrial building or user properties, information must include building plans, interior floor layers, and loading capacities.