Rawlings Auction, Appraisal & Realty, LLC
Licensed Auctioneers, Certified Appraisers, Licensed Real Estate Agents
INDUSTRY LEADERS IN REAL ESTATE & PERSONAL PROPERTY AUCTIONS!
Licensed Auctioneers, Certified Appraisers, Licensed Realtors
facebookThe Fast and Fair Way to Sell!
Serving Maryland and the surrounding states for over 15 Years
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Business Phone:  (301) 473-5796  | Cell: (301) 418-1144  |  Email:  rawlingsauction@comcast.net

Residential and Commercial Real Estate Auction

WE SELL PROPERTY IN 30 DAYS FOR 100% MARKET VALUE GUARANTEED! 

WITH OUR FIRM, BECAUSE WE ARE LICENSED REAL ESTATE AGENTS, AS PART OF THE REAL ESTATE AUCTION PROCESS, THE PROPERTY IS LISTED CONVENTIONALLY AS WELL; THEREFORE, YOU ARE RECEIVING THE BEST OF BOTH METHODS IN ONE.
 

REAL ESTATE AUCTION CUTS TO THE CHASE THE CONVENTIONAL LISTING ONLY METHOD, AS IT BRINGS ALL BUYERS TO THE PROPERTY TO COMPETE LIVE AND ONLINE ON OCCASSION AGAINST OTHER BUYERS.  THERE IS NO BETTER WAY TO SELL PROPERTY THAN BY COMPETITIVE BIDDING TO DRIVE THE PRICE TO VALUE OR MORE. 


OUR FIRM HAS REALIZED MORE THAN BANK APPRAISED VALUE SELLING USING THIS METHOD. OUR FIRM SELLS FOR LAW FIRMS, LENDING INSTITUTIONS AND REGULAR EVERY DAY INDIVIDUALS WISHING TRUE MARKETING FOR THEIR PROPERTY TO ACHIEVE THE GREATEST PRICE REALIZED.





TaneytownSelling real estate at auction has become increasingly popular and is a very desirable way today to sell property for 100% market value in 30 days.   One in five homes is sold using this method.   Auction is not a fire sale.  The auction process is available as an alternative to the conventional method of selling real estate.  These are not foreclosures.  We sell everyday real estate using this method.  Auction companies employ professionals who are trained to locate the buyers and bring them to the property in a condensed time frame.   We aggressively find buyers nationwide.

The property is sold “AS IS”; therefore, no maintenance or repairs needed.  By far, the most attractive item with a real estate auction is that all costs are paid by the BUYER.  BUYERS pay all expenses including our commission, the commission for their agent, if represented, all inspections, if so desired and all settlement costs.  Settlement must occur in 30 days post auction.  These factors make the auction method extremely attractive.   

Property sold at auction is sold “AS IS, without warranty expressed or implied, no repairs and no maintenance needed.  When we are employed to sell property at auction, the first step is to establish a marketing budget (reimbursable at settlement).  This is the key piece of real estate auction, as marketing is what will bring the buyer.   Once the marketing budget is established we decide the date of the auction and get started.


We begin an aggressive marketing campaign for 30 days with the auction on the 30th day.  
real estate auction

This marketing campaign can include the following:
 
  • MLS Listing used by Real Estate Professionals
  • Our Website
  • Facebook, Twitter, Linked In, Geebo, Sell Your Home, and More
  • Print Ads
  • Brochures
  • Flyers
  • Mass Mailings
  • Press Release to more than 5000 Media Outlets
  • Signage
  • Open Houses and Lock Box for Broker Convenience
We provide bidder/broker packages that must be completed and returned prior to auction day by each potential buyer and their agent.  This package will qualify the bidder and register their agent.

Each potential buyer must present a sizeable non-refundable deposit in cash or certified funds prior to the auction.  This deposit will be due from the winning bidder and held in escrow until settlement.  This gives assurance that the buyer will attend settlement.  Settlement must occur in 30 days post auction.  If the buyer is unable to settle, the deposit will be forfeited.  This has not happened to date with any of our auctions.

AdamstownOur commission, buyer agent commission and reimbursed marketing expenses on a real estate auction are obtained through a Buyer’s Premium.  A Buyer’s Premium is a certain percent added to the final high bid of the property.  The Buyer’s Premium is paid by the BUYER.  Therefore, you as seller can sell your property at no expense in 30 days.  You receive the high bid auction day at settlement and all other fees are the burden of the buyer some paid through the Buyer’s Premium and others paid at settlement.

Buyers are welcome to use realtors/brokers when purchasing at auction if they desire.  The buyer tends to be more comfortable, although it certainly isn’t necessary as we prepare and provide the sale contract.  There is no other paperwork except what is required at settlement provided by the settlement company.

We do provide a portion of the Buyer’s Premium as a commission to the buyer’s broker/realtor.  We also, on some occasions, work hand in hand with real estate professionals as we offer a generous commission at the settlement table to realtors/brokers referring listings to our company, again provided by the Buyer’s Premium.

Auction is an excellent opportunity for property owners to sell and settle in 60 days from start to finish for current market value. 


BANK OWNED PROPERTY – REOS And OREOS:

We are available to assist lending institutions sell their REO and OREO inventory by using the above methods of combined Real Estate Auction and Conventional Listing.  We are able to sell blocks of property for lenders for one marketing budget if using the auction  method.  Why list conventionally the  REO or OREA and wait when they could be liquidated in 30 days. 

On many occasions, the properties are in disarray or may be in need of repair.  Because we sell property in AS IS condition with all burden on the buyers, this provides less burden on the lending institution.


BENEFITS OF THE AUCTION METHOD:

 Thauctione seller gets to determine the date and time at which the property will be sold. Using the auction method, property can typically be marketed and sold within a four to six week time frame. A timely auction allows the seller to drastically reduce holding costs such as taxes, insurance and maintenance. An auction environment arouses the competitive spirit among the prospective bidders.

Setting a specific date and time of sale creates a sense of urgency and forces the prospective buyers to a point of decision. The seller can set the terms of the auction, thereby avoiding lengthy negotiations of price and terms. An advertising program is tailored to the seller's property which will attract the largest number of potential buyers. This insures a true "market value" price for the property on the day of the auction.

There is no ceiling price set on the property, which allows the price to increase freely with no limit. Historically, when the market is on the upswing, public auctions have established the highest prices. When the market is declining, an auction will capture the current market price before values drop.


The competitive bidding format creates confidence among the buyers when they see other people willing to pay a similar amount for the property.


SELLER FREQUENTLY ASKED QUESTIONS:

MtAiryhouseQ: Can I set a minimum on my property?
A:
Yes, we analyze the property and consult with you about a minimum or reserve price prior to sale. The price is not advertised or     disclosed to bidders.

Q:
How am I protected if the final bid is nowhere near the price I am looking for?

 A: You can reject final bid and we will continue to market the property for a short-listing period.

Q:
Isn't this method usually a distressed sale?
A:
Absolutely not! In recent years the popularity of competitive bidding has exploded to estimate 28 billion in estimated sales.

Q:
Who is responsible for paying the commission on the sale?
A:
In this area, it is common to charge a buyer's premium. The premium is added to the final bid price resulting in the buyer paying for the commission.

Control:

The Seller remains in control, and has the option to accept or reject any bid prior to final confirmation.

Convenience:
An auction eliminates numerous and unscheduled showings, saving Sellers time.

 Cost:
The cost of the auction is typically covered by the buyer's premium that is added to the high bid to establish the final price of the real estate. In addition, we work with you in developing the best marketing plan for your property and determining any upfront marketing costs to ensure the most desirable outcome.

We are excited to have the opportunity to work with you in selling your home at auction. We understand that selling a home can be stressful and we do all that we can to help you through the process. The auction method has become a great alternative for many home sellers in obtaining the greatest amount of money for their home in the shortest amount of time.

CONVENTIONAL REAL ESTATE SERVICESFrederick

Included, as part of our Real Estate Services, is Conventional Listing.   Our Broker is Quad State Realty, Inc.  Certain sellers prefer conventional listing.  We therefore, list the property for a period of time chosen by the seller. 

As part of the listing process, we list on the MRIS as well as numerous other online venues as well as signage, flyers and brochures.

We hold two open houses.

We post the property on Facebook, Twitter and Linked In.

We are limited in the marketing, unlike real estate auctions where we are paid to market, but we go over and above most conventional real estate salespersons because of our training as qualified real estate auctioneers.

We are very active in all forms of real estate groups and therefore maintain the highest level of service to you.