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A Property Auction for Every Type of Buyer

Depending on your specific needs, we offer three types of innovative auction approaches for the discerning buyer. At Open Door Auctions, as the name implies, we use the auction format to sell properties at the best market price, and it all happens in only two weeks. Even so, we realize that the auction process isn’t a one-size-fits-all prospect. These quick descriptions should help you decide which is best for your situation.

Open Door Auction
This auction format is so popular we named our business after it. An Open Door Auction generally attracts the highest number of bidders, though a lightly attended sale could help you score an incredible deal. The two week sales process starts when we list a house in the MLS and kick our other promotional methods into high gear. Every day or so, the MLS price listing drops in order to attract new bids. The goal with an Open Door Auction format is to arrive at true market price in the shortest period of time. At the end of the two weeks, the seller is free to reject all offers, or better yet, accept yours and get on with their life.

Closed Door Auction
High end property buyers might prefer not to mess around with the rank and file buyer, choosing instead to participate in a Closed Door Auction, which stresses the pre-qualifications of buyers. You likely won’t be competing against the sheer number of bids as with other formats but those that are there will be serious buyers and not tire-kickers. The Closed Door Auction process is sometimes called a Qualified Auction.

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Real-Time Auction
Once again, nothing sneaky about the name. A Real-Time Auction happens in, you guessed it, real time. With a Real-Time Auction, interested buyers gather in one place and even online to bid on a property. The advantage to the seller of this format is that lots of bids can be collected almost instantly. The presence of an on-site professional auctioneer allows for him to use his skills to generate enthusiasm, a feeling of scarcity, and attract great bids. The advantage to the buyer is that he knows almost immediately whether or not his bid has been accepted, allowing him to move on to the next target acquisition quickly.

Regardless of which type of auction suits your situation, you can rest assured Open Door Auctions provides the broadest exposure to the best properties, allowing you to completely avoid the traditional real estate industry malarky. If you’re ready to experience a real estate transaction the way it should be done, visit Open Door Auctions at www.OpenDoorAuctions.com and browse our database of available properties.

The Open Door Auctions Team

OpenDoorAuctions,com

 

 

 

Flickr / james.thompson


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