Why Should I

Sell My Property

At Auction?

SELL  YOUR HOME IN 30 DAYS!

• You pick the day your property sell! Removing the uncertainty can help make the process easier.

• Property is sold " as-is" and you set the terms. If you don't want to look at  contingent offers you don't have to.

• You property is listed on the MLS so an agent from any company can represent a buyer for your property.

• Unlike automobiles, there isn't a "Blue Book" for Real Estate. Selling at auction lets you know that you are selling at current market value.

• The Peak interest in any property happens in the first 30 days. Our extensive 30 day marketing helps to maximize that interest.

• We conduct two open house/auction previews. We feel this gives ample opportunity for serious buyers to view your property and causes you the least inconvenience.

• We require the successful bidder to put down non-refundable down payment the day of the auction. This helps to insure that they are serious about buying your property.

• We typically sell real estate with a Buyers Fee. The reason for that is simple, it's the easiest for our sellers. Sellers want to know what their bottom line will be. Selling with a Buyers Fee makes it easier for them to determine if the bid price will be acceptable. At the sellers request, we will be happy to work for a commission and not charge a Buyers Fee.

• Sellers do have the right to reject the final bid (unless otherwise advertised). The majority of our sellers DO sell.

Why Should I Want

to Buy a Property

 at Auction?

The single largest

transaction in most

 peoples' lives is the

buying or selling of

real estate.

It is also the one

thing they have the

least experience with.

Why wouldn't

you want to

buy or sell knowing

you have done

so at current

market value??

• An auction insures that you will be given every opportunity to buy. When you call for info on a property you won't be told "I'm sorry , there is an offer pending"

• There is no rushing to make an offer. You know what day the property will sell.

• We require our sellers to fill out disclosure statements. You will know the condition of the property and be able to bid accordingly.

• Unlike automobiles, there isn't a "Blue Book" for real estate. Buying at auction lets you know that you are buying at current market value.

Realtor Information

We look forward to working together. If you already are familiar with real estate auctions,
please click on the Broker Participation form below.
Please print it, fill it out and fax it to us at 763-856-1453.
If this is your first experience with real estate auctions, here is some info on how our auctions work.
First, we do two types of auctions, absolute (without reserve) and reserve (auctions with a minimum selling price).
The majority of our auctions are done with a reserve. The most frequently asked question is “what is the minimum bid”.
We can’t answer that for two reasons. First, it is our fiduciary responsibility to the seller not to. Second,
sellers often accept less the day of the auction than they had previously stated. Our sellers want bidding to
determine current market value. Most of our auctions are sold with an 8% buyers fee.
A bid price of $100,000 with the 8% buyers fee ($8,000)
will have a contract price of $108,000. Our commission splits are based on the bid price not the contract price.
A 2.7% broker participation for our example would equal $2700 and Hiller Auction and
Listing Company would split the remaining $5300.
Our usual buyer broker split is 2.7% (check the MLS for the auction you are interested
in to see what we are offering on that property).

If you are representing a buyer, this is what we expect from you:

      1. Be present any time your client is at the property. This includes any open house(s) and the auction.
               Help them research the property. Don’t have them call us for info on the property, that is your job.
      2. Be prepared to show your client what the contract price will be and what their monthly payment will be during the auction.
      3. Help your client determine the property value. Do your own market analysis on the property. What would you have listed
               this as if it was your listing? Let your buyer know this isn’t a “fire sale”. The auction method of marketing simply helps determine
               current market value. In conversations with bidders who were unsuccessful, the majority say they wish they had bid at
               least one more time.
      4. Print the Broker participation form, fill it out and fax it back to us 48 hours prior to the auction. Our fax number is 763-856-1453.

If you have any other questions call Kevin Hiller 763-856-2453

Click here to print Broker Participation form