top of page

Public Real Estate Auctions

Public real estate auctions are becoming increasingly popular, providing a dynamic way to determine the true market value of a property. This method can often result in higher selling prices and faster transactions, particularly for unique or specialty properties.

Brick house

A Modern Approach to Selling

Auctions create a dynamic, competitive environment that can push buyers to their highest bid, potentially resulting in greater value than anticipated. Auctions also work well alongside traditional real estate agents, amplifying marketing efforts and expanding reach.

​

By utilizing the auction process, sellers can secure competitive prices efficiently, while buyers enjoy a transparent and thrilling purchasing experience. If you're considering auctioning your property, reach out to Stenella Auctions to discover how this method can benefit you.

​

​

​

​

​Auction Terms and Conditions in the Purchase and Sale Agreement (PSA) Offer Key Advantages for Sellers:

​

  • Buyer's Premium: The buyer covers Stenella Auctions' commission through a Buyer's Premium.

  • Transfer and Recordation Taxes: The buyer is responsible for 100% of these taxes.

  • Property Condition: The property is sold as-is, where-is.

  • No Contingencies: There are no conditions related to property inspections, appraisals, or financing.

  • Earnest Money Deposit: The buyer must provide a 10% earnest money deposit of the purchase price.

  • Expense Adjustments: For vacant properties, expenses such as real estate taxes are adjusted to the sale date, not the settlement date.​​​

​

Types of Properties

01.

Estate Settlements

02.

Residential Properties

03.

Commercial Real Estate

04.

Multi-Parcel Properties

05.

Raw Land

bottom of page