Auction Advantages

When you list your auction with us, we also offer the advantage of internet bidding through a simulcast platform, where internet bidders are bidding along with the onsite bidders. We can offer you an online-only, timed-event auction.

Other services pertaining to auctions provided by Wally Gilliam Realty and Auction are:

  • Evaluations of your businesses, homes, and farms
  • Recommendations to get the greatest value when selling large parcels of land. We can coordinate the surveyor, soil scientist, engineer, and governmental planning agencies.

Benefits of an auction to the seller:

  • Buyers come prepared to buy
  • Quick disposal reduces long-term carrying costs, including taxes & maintenance
  • Assurance that property will be sold at true market value
  • Exposes the property to a large number of pre-qualified prospects
  • Accelerates the sale
  • Creates competition among buyers—auction price can exceed the price of a negotiated sale
  • Requires potential buyers to pre-qualify for financing
  • The seller knows exactly when the property will sell
  • Eliminates numerous and unscheduled showings as well as inspections
  • Takes the seller out of the negotiation process
  • Ensures an aggressive marketing program that increases interest and visibility

Benefits of an auction to the buyer:

  • Smart investments are made as properties are usually purchased at fair market value through competitive bidding
  • The buyer knows the seller is committed to sell
  • In multi-property auctions the buyer sees many offerings in the same place at the same time
  • Buyers determine the purchase price
  • Auctions eliminate long negotiation periods
  • Auctions reduce time to purchase property
  • Purchasing and closing dates are known
  • Buyers know they are competing fairly and on the same terms as all other buyers
  • Buyers receive comprehensive information on property via due diligence packet