Real Estate Info | Peterson Auction & Realty LLC

Welcome To Peterson Auction Real Estate Information Page

Real Estate at Auction / Buying & Selling Information

How Do Real Estate Auctions Work?

A real estate auction is a public sale in which the property is sold to the highest bidder, granted it meets or
exceeds the seller's desired price. All of our real estate sells with seller confirmation, giving the seller 48 hours to accept or reject the high bid. Unlike traditional sales, auctions are conducted on a set timeline. The bidding process is conducted using our online bidding platform and is overseen by our team of licensed auctioneers, real estate broker and real estate salespersons. Selling Real Estate at auction offers a unique method in which sellers and buyers are offered a potentially faster, more transparent process to transferring the real estate.

Why a Real Estate Auction?

BENEFITS TO THE SELLER:

Seller determines Terms & Conditions of the Sale; Property can be sold "as is" or with warranties.
With our online platform, buyers are able to participate in the bidding from anywhere, increasing both the competition and accessibility.
Marketing avenues include all those used in the sale of conventional real estate, plus more. Your property will be listed on the multiple listing service, Zillow.com, Realtor.com, the Peterson Auction website, Hi-Bid, GoToAuction, AuctionZip, Google & Facebook.
Exposes the property to a large number of prospects at once, giving them all the opportunity to place a bid with the set timeline of the Auction.
Buyers come prepared to buy with a quality deposit.
Timely disposal reduces long-term carrying costs, including taxes & maintenance.
Assurance that property will be sold at true market value.
Real Estate Auctions have a set timeline, meaning no lengthy negotiation periods or contingency phases. Auctions are conducted on a defined schedule.
As the seller, you have 48 hours to accept or reject the high bid achieved at the auction.
Competitive seller commission rates based on the size and scope of the project.

BENEFITS TO THE BUYER:

The auction process and competitive bidding, gives buyers piece of mind that they are purchasing at fair market value.
Buyers know the seller is motivated to sell.
Auctions operate on a defined schedule, eliminating lengthy negotiation periods.
Purchasing Terms & Conditions and projected closing dates are available for your review prior to putting in a bid. There is transparency throughout the whole process, allowing for buyers to be confident in the buying process.
Buyers know they are competing fairly and on the same terms as all other buyers.
Buyers receive comprehensive information and have an opportunity to inspect property before bidding.
Our online platform allows buyers to participate in bidding from anywhere.
We highly recommend that you take the time to research details about the property. Attend the open house, call for private showing and visit public web pages for tax and assessment information (most New York and Pennsylvania counties have a GIS web pages). If you wish to hire a home inspector to inspect property prior to auction, contact Peterson Auction to make an appointment. Due diligence is always recommended.
If you have a buyer's agent, we welcome them to represent you. They would just need to contact Peterson Auction prior to the bidding opening, to fill out our co-broke paperwork.

Why Choose Peterson Auction & Realty LLC?

30+ years of professional experience selling Real Estate.
Licensed Real Estate Broker in New York and Pennsylvania
Team of licensed Real Estate Salespersons
Aggressive and modern marketing strategies.
We know the Real Estate market. It's our Business to know what your property is worth.