Properties represented by Blackstone Auction Group are not "distressed sales." Rather, Blackstone¹s elite auction properties are owned by astute sellers who have decided to partner with Blackstone Auction Group to benefit from the single most effective sales method in existence, the auction.
Unlike traditional real estate sales, Blackstone Auction Group offers sellers many benefits, including:
- Property is SOLD in 45 Days or Less
- Property will be SOLD at True Market Value
- SOLD, with NO Financing Contingencies
- Eliminates Direct Seller/Buyer Negotiations
- Property is Sold AS-IS - NO Costly Repairs
- Multiple Offers on Auction Day from Only Qualified Buyers
- Established Auction Timeline Creates Urgency for Buyers
- Marketing Plan Designed to Increase Interest and Visibility
- Scheduled Open Houses Eliminates Inconvenient Showings
- Quick Sale = NO Carrying Costs (Taxes, Maintenance, Etc.)
- Competitive Bidding Results in an Auction Price that Exceeds Traditional, Negotiated Sales Prices
Auction Location
Most auctions are held at the subject property, adding to the overall excitement and allowing bidders one last opportunity to preview the property prior to bidding. For sellers who are selling multiple properties within one geographic region, auctions may also be held in one central location.
Marketing Materials and Promotion
With over 40 years of combined marketing experience, Blackstone Auction Group is a leader in the industry, creating customized marketing material to sell your property. From our interactive website to our dynamic brochures, targeted postcards, DVD presentations and professional photography, Blackstone Auction Group offers only the best tailor-made marketing plans designed to leverage the most effective mediums advertising, marketing, and public relations.
Terms of Sale
Sellers consistently state that one of the most compelling reasons for auctioning their property was because they were able to dictate the terms of the sale to suit their needs. Terms may vary to accommodate Seller’s needs, but typical terms are:
- A purchase deposit equal to 10% of the purchase price is placed in escrow at the conclusion of the auction, paid with certified funds or a personal or business check.
- The purchase deposit is non-refundable to the buyer, except in the event of seller default.
- Properties are sold “As-Is, Where-Is” meaning winning bidder is purchasing your property without any contingencies including repairs.
- A closing date within 30 days of the auction.
Blackstone Auction Group requires all bidders to agree to the strict terms of sale to ensure that the home closes as planned, giving seller’s confidence that when the gavel drops, their home will be sold.
After the Gavel Drops
After the gavel drops the winning bidder immediately signs the Purchase and Sale Agreement and the 10% purchase deposit is tendered. Unlike a traditional sale, at the time the contract is signed, the seller knows that the sale is not contingent on financing, inspections, selling another property or any other factors.
