Real Estate Auction Marketing

Real estate auctions are the “time-defined sale of real property by competitive bid”. Wickliff & Associates Auctioneers, Inc. is a full member of the Metropolitan Indianapolis Board of Realtors (MIBOR), cooperates with members of the traditional real estate community via Multiple Listing Service (MLS), and has the ability to effectively and efficiently market:

• Existing single-family homes
• Multi-Parcel bare land and agricultural parcels
• Path-of-development properties
• Historic Properties

Potential Auction Options

• Traditional, at-the-property, public outcry auction
• Sealed Bid, Bid by Fax or Combination bid
• Short-term MLS listing culminating in auction
• Minimum bid auction, Subject-to-seller-confirmation auction or Absolute auction

Benefits of the Real Estate Auction Method

• Quicker estate settlement; our familiarity with the probate process speeds closing and estate final accounting
• Singular marketing of the subject property, creating higher visibility
• Lower cost-to-carry (time value of money)
• Capture the current market; seller sets terms, market determines price
• Time-defined; most properties can be marketed in 30 days or less
• Wickliff & Associates Auctioneers, Inc. is dual-licensed and holds both Indiana Auctioneer and Real Estate Broker licenses, meaning full service from contract date through final closing
• Incorporate all the benefits of traditional, private-treaty listings, while creating a sense of urgency in the marketplace, causing buyers to act, not wait