Real Estate Auctions, Property Auctions, Pasadena, CA

The Auction Method accelerates the sale of your property by generating additional consumer interest and activity. No Contingencies and 30-day Closings are required features of all PAX auctioned properties. This means a quick transaction for you.

The real estate auction process is well established, much like auctions for fine art, antiques and collectibles, and it is growing in popularity, because it works!

Seller Benefits:

Auction offers the seller another option.
Auction creates competition among buyers, consequently, the auction price can exceed the price of a negotiated sale.
Auction generates excitement and heightens buyer interest.
Auction creates the most exposure in the shortest period of time and accelerates sales.
Auction day requires that potential buyers be registered and qualified with certified funds.
Auction eliminates high seller carrying costs -- such as interest, taxes, and maintenance.
Auction brings buyers to a point of decision -- act now or lose the opportunity to purchase.
Auction is a true market forum.
Sellers select the date the property will be sold. They control the sales process.
Sellers set the terms and conditions of the sale.
Auction eliminates numerous and unscheduled showings.
Auction takes the seller out of the negotiation process.
Auction is an aggressive, advanced marketing program that increases interest and awareness.
Sellers are able to obtain liquidity, free up capital and move on to other investments.

Buyer Benefits:

Smart investments are made because properties are purchased at fair market value.
Buyer knows the Seller is committed to selling the property.
Buyer determines the purchase price through competitive bidding.
Auction eliminates the long negotiation process.
Purchasing and Closing dates are known.
Buyer knows he is negotiating fairly and on the same terms as all other buyers while they openly compete with one another.

Realtor Benefits:

Auction exposes the property to, and generates a list of, a great number of interested, ready and qualified buyers.
Auction offers Realtors another selling and buying option in addition to traditional listings.
Auction assures that the property will be sold at true market value.
Auction guarantees a definite date of sale and a quick closing...an added benefit to the Realtor's client.
Auction can expose qualified buyers to a Realtor's other listings, not just the auction listing.
Auction brings referrals and return business for the Agent/Broker.
Auction is a NOW event which generates excitement and interest in each property.
Auction brings exposure to the property and, in the Buyers, creates a sense of urgency to act.
Auction comes in many forms...PAX fits the best type to the property.
Auction prevents losing a sale to contingencies.
Auction buyers are pre-qualified and the successful bidder’s deposit is non-refundable.
Realtors may pre-register a buyer to bring to the auction event and be compensated at closing.
Auction Commission Splits are comparable to or even higher than ordinary commissions, increasing revenue. Commissions may be earned as a referring Agent/Broker, a cooperating Agent/Broker, or as a Buyer's Rep Agent/Broker.
Other than bringing a prospective Buyer to the Auction Preview and the Auction itself, participating Realtors have no responsibility to show the property, take offers, negotiate, or pay for the cost of advertising. Yet they may still receive a commission.
Pacific Auction Exchange Real Estate Auctions experience a 99.9% closing rate.

A recent article in the Wall Street Journal states, " ... going to the gavel is becoming a popular option for even thriving businesses and wealthy landowners who want to get rid of property quickly. Among those increasingly turning to the auction block are burgeoning retailers who need to sell one store to make way for a new one nearby, consolidating banks with overlapping branches, and owners of valuable parcels looking to avoid taxes during protracted sales negotiations."

Well over $80 billion worth of real estate holdings were sold last year through the Auction Method of Marketing. There is no doubt that this is a method that WORKS!

For more Real Estate Auction information, call TODAY: 626-321-4777
Pacific Auction Exchange / Accelerated Real Estate, Inc.

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