Welcome to ThePropertyDiscounter website.
This site is our committment to ensure that you have the tools you need to be successful. Take advantage of great tools that will help you successfully complete your Real Estate transaction.
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Common FAQ's
1. What is ThePropertyDiscounter.com real estate auction?
The Property Discounter is a Free, Powerful, Interactive and Simple to use Property Auction Web Site. We do one thing and do it well. It is specifically for you, the person who wants to maximize the odds of Selling real estate. We want to be your free, silent partner. We will give you the greatest number of offers which equals "potential buyes", who are targeted specifically at your property.
ThePropertyDiscounter auction is the most efficient and effective way to buy and sell real estate for the highest market price.
2. Why should I sell or buy real estate through ThePropertyDiscounter.com auction?
Let me ask you this, do you have high expectations? So do we. Your auction will "Freeze" your local area real estate sales until your auction is over. Why would anyone buy any other likeproperty before yours is sold? It will be obvious to all potential buyers in your area that your property will be sold at a savings to the lucky buyer. Your real estate auction will produce offers from prospective buyers. Using ThePropertyDiscounter is the way to sell your property at an accelerated pace.
The inherent efficiency in our auction process enables the seller to eliminate long term carrying costs, such as maintenance, real estate taxes, interest, insurance and utilities. The competitive bidding atmosphere of your well designed and thoughtfully executed auction campaign gives the buyer an opportunity to purchase property at a price they establish, but only first after having "competed" for the property. It will create offers for you!
3. What are the 7 reasons that determine your successful auction?
REASON #1:
It can be a Quick Sale. You Pick the Day/Time the auction is complete!
ThePropertyDiscounter Real Estate auction affords property owners the opportunity to sell property now at today’s prices, rather than waiting years to sell. Time is money.
REASON #2:
Real Estate Commissions:
Seller pays no Real Estate commissions if a buyers premium is used. They are included in the sale price if applicable. If no agent is used, there is no commission!
REASON #3:
High Carrying Costs are Avoided
Debt service, real estate taxes, insurance payments, maintenance and sometimes security are very costly to the seller! The sooner a property sells, the greater the bottom line will be for the seller.
REASON #4:
Auctions Receive Maximum Market Place Exposure
Your auction will freezeyour local market during the next 15, 30, or 45 day period prior to your auction deadline.
REASON #5:
True Property Market Value can be Determined
When you choose ThePropertyDiscounter.com, more competitive bidders will bid on the property, therefore giving you, the seller, an opportunity to receive top dollar for the property. The selling price is truly market driven.
REASON #6:
Using this auction will freeze your local market. Every current buyer in the market place will be very motivated to investigate the property being auctioned. The market will be frozen. The opportunity this auction brings to the market forces buyers to at least wait until the auction is held. Everyone wants a good deal.
REASON #7:
Our Advertising
Our easy, assertive advertising and marketing will attract prospective buyers with offers that will freeze the buyers in your local area.
4. What type of auctions do we offer?
Absolute, Reserve, and Bid and Assume auctions.
5. What is an Absolute auction?
An absolute auction is the purest form of auctioning, and in many cases, the most successful form of auction in terms of getting the highest price for property. With this type of sale, the property is sold regardless of price. This sends a strong message to the bidding public that the property will be sold for sure at the conclusion of the auction. Buyers can justify their time and effort knowing the property will be sold at the conclusion of the auctionat their price. If the buyer feels they can buy the property at their price, then they are more likely to bid.
The buyer also realizes that a bid must be submitted because the property will be sold on a certain day and that there is " no tomorrow" to negotiate with the seller. Through aggressive bidding, true market prices can be obtained at auction. While the seller has a risk of being forced to sell the property at a price that may be lower than wished, the advantages of this type of auction far outweigh the risks.
6. What is a Reserve Auction?
With a reserve auction there is a minimum amount at which the seller agrees to sell the property. You can tell if a reserve (has been met or not been met) by simply checking the particular Property ID #. We have made it easy for you to see. This method of auction protects the seller from selling the property below a predetermined amount.
7. What is a "Bid and Assume" auction.
A Bid and Assume auction is an owner-financed real estate auction. It is like a "Contract for Deed" or "Deed for Contract". In a Bid and Assume auction, potential buyers are bidding for the"down payment only" and the winning bidder will assume the balance amount as stated within the particular auction.
Buyers are cautioned and should carefully review the seller's terms listed in an auction — prior to placing a bid — as there may be additional collection/processing fees, closing costs, a Buyer’s Premium or other fees.
8. What type of auction should I use?
Your form of auction depends on a number of factors, including market conditions such as location, declining or appreciating market, physical condition of the property as well as financial constraints such as mortgages and liens. Ultimately, you will have to make the choice.
9. In an auction setting, what are the advantages to the buyer?
The seller is committed to selling. The property is sold at fair market price. The auction situation translates to negotiating power for buyers. Buyers can set their own purchase price. Long negotiation periods are eliminated. The time it takes to purchase property is reduced. Because purchasing and closing dates are known, buyers do not need to worry about contingencies. Property owners sell at the lowest price possible.Financing is available to buyers right here.
10. How should I prepare to bid?
Attend at least one open house of the property you are interested in to determine the condition of the property. Examine the property information provided by the seller, use thedue diligence checklist
from this site (also found in documents by clicking the "Shop" menu key), and also review the sales contract from the seller. Determine what is included in the sale. Understand exactly what you are bidding on and the terms of sale associated with the auction process. Seek the advice of an attorney, real estate broker and/or appraiser as applicable.
11. What day of the week should my auction be on?
Great news! You can pick the time and date of your choosing to conclude your auction.
12. If I have an auction, will everyone think I had to sell?
Not Hardly! Auctions are not last ditch efforts. The most savvy of sellers actually prefer auction marketing and frequently select the auction method of marketing as the best method of sale. Using the "time value of money", an auction sale price today may be worth more than waiting for the right buyer in a negotiated sale in six months or a year(s) especially after deducting carrying costs and interest.
Listen, when your property is long gone and neighbors are still sitting with their's for sale, you will know what they are thinking! I wish I would of used ThePropertyerDiscounter.
Please take a look around our website.
