Real Estate Auction FAQ

Answers to Common Auction Questions

  • What is a real estate auction?
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  • What are the benefits of a real estate auction?
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  • Are all properties suitable for auction?
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  • If the property doesn't sell at auction is it possible to still market it?
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  • Can I be sure of getting a fair price?
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  • Don't real estate auctions depress home values?
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  • Real estate auctions are often thought of as a "fire sale" for someone who cannot meet his/her mortgage payments. Is this true?
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  • What factors determine the success at an auction?
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  • How are properties advertised for auction?
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  • How long does it take to market the property, have the auction, and close the sale?
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  • Under what terms does a property sell at auction and who sets the terms?
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  • Who usually buys at real estate auctions?
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  • How much does an auction cost?
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  • What are the various methods of auctioning that a seller may choose from?
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  • What is a buyer's premium?
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  • Is a buyer's premium always charged in real estate auctions?
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  • What are the advantages to the seller in an auction situation?
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Contact Chris Bober at 402.312.5076 if you have more real estate auction questions.

Contact Chris About Auctions

Chris Bober is a Certified Auctioneer

Auction Advantages for Sellers

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