Frequently Asked Questions
HOW DOES A REALTOR BECOME INVOLVED IN REAL ESTATE AUCTIONS?
THE AUCTION COMPANY OF CHOICE
REAL ESTATE AUCTIONS: THE BASICS AND BENEFITS
HOW DOES A REALTOR BECOME INVOLVED IN REAL ESTATE AUCTIONS?
Brokers can refer sellers ("Referring Broker")
A real estate broker can refer a seller to Christenson-Elms and receive a percentage of commissions. A referring broker is an agent of the seller who has marketed the seller's property and represents the seller during the sale and at the closing. During the auction, the referring broker typically manages many traditional real estate functions and shares the commission based on the relationship defined by the parties involved.
Responsibilities of Referring Broker
- Refer seller to Christenson-Elms
- We will help seller analyze his/her needs, the property, and market to determine if a good auction situation exists
- Perform functions agreed upon between the parties
Back to FAQ list
THE AUCTION COMPANY OF CHOICE
The "Christenson-Elms Auction" is an accelerated method of marketing with a prestigious image which allows the seller to control the process while realizing highest market value. It is a highly structured and intensified marketing campaign designed to educate and motivate qualified buyers to respond - resulting in sales.
It is our philosophy that only certain properties qualify for the auction method of marketing. Consequently we are selective in our representation to ensure an acceptable sales price for our clients. As well, we offer our services to a limited number of exceptional properties which allows us to devote our complete attention on the seller's behalf. This commitment has served us well due to the fact that the properties we represent, we sell and close.
Back to FAQ list
REAL ESTATE AUCTIONS: THE BASICS AND BENEFITS
The real estate auction is a win-win proposition for everyone involved. Listed below are some benefits to the Seller, Buyer, and Agent.
BENEFITS TO THE SELLER:
- Purchasers are pre-qualified
- Carrying costs are eliminated
- Properties are sold at market value
- Increased market exposure
- Accelerates the sale
- Creates competition among buyers
- There are no contingencies of sale
- The seller knows exactly when the property will sell
- Eliminates unscheduled showings
- Ensures an aggressive marketing program that increases interest, visibility, and exposure of the property
BENEFITS TO THE BUYER:
- Smart investments are made as properties are usually purchased at 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 package
BENEFITS TO THE REALTOR®:
- Generates a list of qualified and motivated buyers
- Offers clients and customers new selling and purchasing options
- Increases revenue and market share
- Develops your own market niche
- Assurance that property will be sold at market value
- Property is sold within a relatively short period of time
- Exposes the property to many potential purchasers
- Successful auctions result in referrals and return business
- Agents can earn commissions as referring agent/broker, cooperating agent/broker, or as the listing agent/broker
For more information on real estate auction referrals contact Christenson-Elms at 561.575.4339, ext. 13
Back to FAQ list
Please contact us to learn how our services can assist in the attainment of your objectives.
|
Located in the Palm Beaches
Increase your profit potential with Christenson-Elms' Broker Referral Program. 
