About Us
Our Realty auction company developed into a very thoughtful, knowledgeable, forward looking, and savvy realty company that prides itself in being one step ahead of its competitors and at the cutting edge of technology. Although new to Long Island, its' manager has extensive real estate knowledge and auction background from around the United States. Networking with all states in the union permits the company to provide real estate services in all 50 states. Further, the membership and affiliation with the national auctioneers association, the NAA, gives its' customers an opportunity to expose their realty to over 3,000,000 web visits per month from people looking specifically for auctions.
We are proud of our one, two, three realty sales approach, (List it, Sell it, Close it) and offer impeccable, knowledgeable, and compassionate services for people looking to transfer their realty to another person and move on with their lives.
What makes our realty auctions unique in the Long Island realty market is the following:
- Exposure of its' client's real estate to over 3,000,000 web visitors per month
- No commission paid by the seller of real estate. That's 0% commission
- Contract for purchase and sale of real estate is signed and completed on the day of the auction
- A minimum of 10% irrevocable cash deposit in escrow within 24 hours of sale
- Real estate closings in no more than 50 days after the auction
- Sales are not contingent upon the buyer's acquisition of a mortgage nor are they contingent upon an inspection after the auction has concluded
- All sales conducted in an open forum in which the winning bid is witnessed by all present at the auction
- A sophisticated, educated realty team holding the highest attainable certifications in the auction industry including CAI, MPPA, CES, AARE. These designations are held by as few as 3% of the auctioneers in the country
- A winning team that was voted number 1 for its' marketing and advertising by the New York State auctioneers association
- A company selected as "Best of the Best" in auction houses in long island by the readers of Dans Papers
Time for a Refreshing Approach
Some thoughts on real estate as seen by our realty company
- Step our of the box Long Islanders and look at a refreshing alternative to the traditional method of selling real estate.
- It is time to consider the most expeditious handling of real estate available in this country.
- It is the 1, 2, 3 approach of auction realty and it is just that easy to move on from your old home, building, or owned land to your new location.
- That's it 1, 2, 3, - List it, Auction it, Close it and the deal is done.
- The advantages to the seller are many:
a) 0% commission from the seller
b) 30-45 day closings
c) Contract for sale and purchase of real estate signed the day of the auction by both the buyer and the seller and there are no revision rights to this
contract.
d) A deposit of earnest money by the buyer in the first 24 hours averaging 12.5% of the total purchase price.
e) The sale is not contingent upon the buyer getting a mortgage.
f) Home is not sold subject to any inspections.
g) Open house visits and people tramping through your home are limited to one or two preview days prior to the auction.
And Remembering the Above Points Let's Consider 7 Common Deal Breakers for the Sale of Real Estate
- Shaky financing - Buyers financing falls through but not at the auction since the deal is not contingent upon obtaining a mortgage.
- Fussy inspectors - once in a while an inspector can be just wrong in his or her judgement concerning construction of the existing facility but their comments can kill the deal but not at the auction since the sale is not contingent upon a completed inspection.
- Property condition - sometimes what you see is not what you get and when time comes for the final walk through before the closing things can show for the first time that will stall the final closing or even end it and the deal but not with the auction since there is no final walk through before the closing and your buyer gets what they bid on as is where it.
- Human factors and relationships can add unnecessary strains to the buyer seller relationship that can come to the breaking point and end the deal just prior to the closing with friction between both causing permanent damage and a fatal outcome for the two parties but again this is not part of the auction sale and these factors do not enter into the deal when the gavel goes down with the sale.
- Sibling interactions in estates that bring additional parties into the already complex arena of the real estate sale and bring about further requests aforeto never mentioned that result in the end of the deal but not in the auction sale since no interactions are tolerated from either the buyer or seller side once the gavel goes down.
- Enter the homeowner associations or neighborhood associations and their restrictions and covenants and the buyer is suddenly faced with requirements that become unacceptable to the buyer after the deal is done but it doesn't matter is sold using the auction method since the deal is set in stone once the gavel goes down.
- The X factor or the unique personalities of the individuals involved in the buyer and seller side such as the seller after making the deal says that her great aunt came to her in a vision and said that the people who bought her home were not right for the family holdings and the seller awakens to call her agent and end the sale immediately - at the auction it doesn't much matter who visits you in the afterhours since it won't change the deal between the seller and the buyer since both parties are locked into their respective roles.
Advantages to the Buyer
- Once the gavel goes down there is no guess work as to whether or not the buyer bought the property since the auction is the final say and the gavel knocks down the deal to the highest bidder in the room - no clandestine meetings between the real estate agent and the seller to see if they can make another deal that is better or even worse to see if another buyer can get the property at just a few dollars above the open auction forum conducted - yes the sale is subject to the seller confirmation but that is determined at the moment of the sale and not several days or even weeks later.
- The buyer is assured that once the deal is cast it cannot be broken or put aside by the seller because of any variety of reason that might pop up.
- All of our sales are sold subject to passing title free and clear of all liens and encumbrances.
- By 45 days the new buyer owns the property and it is done.