We Begin With a Strategic Starting Bid
Your licensed real estate agent will consult with our licensed and experienced auctioneer to determine a fair starting bid. What is involved in the starting bid? We study the current market conditions, consider the recent comps in the area, and determine the amount of repairs needed in the home. Based on these important factors, we establish a starting bid.
What is the starting bid? the starting bid is the minimum sale price you are willing to accept. The goal is to gain interest in the property. This is a competitive environment. The more bidders you have involved in the sale, the higher the price will go!
Do You Need Help Finding a Licensed Realtor?
We can help connect you with a trusted Licensed Realtor. Our AAA Cheetah Certified agents will assist you through the entire process. Find out if your house qualifies and let us know that you need a realtor.
Auction Closing Day
Closing day in the auction process is different from closing in the real estate transaction. When the auction closes, the highest bidder will be determined, and the listing and selling real estate agents will then proceed into a traditional TREC promulgated sales contract agreement between the buyer and the seller.
How much money will the seller get?
The seller will receive the hammer price, or final highest bid amount, minus expenses, such as pre-home inspection. The buyer will pay the hammer price, plus a 10% buyers premium.
The auction fee and the realtor commissions will come out of the buyers premium.
Ready. Set. Go.
Welcome to the new way to buy and sell a home. Go with Cheetah!