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Our Auction Solutions

An auction event occurs when a professional auctioneer creates competition among multiple buyers who want to purchase a specific asset. Fundamentally, auctions are all about creating the competition. This is in stark contrast to traditional brokerage which lacks the intense open competition of an auction. Traditional brokerage in current market conditions typically focus instead on just one buyer and one seller trying to reach an agreement. National Commercial Auctioneers energizes the marketplace and the auction event so properties get sold!!!

There are many different auction processes National Commercial Auctioneers uses to create competition for your commercial property. We are not limited to just one auction process because nothing is a one size fits all solution in the real estate business.

We take the time to understand all aspects of your commercial property and your situation, and apply the best auction process that we believe will achieve your goals.

Some of the ways we conduct our auctions include: 

• Live On-Site Auctions are the well-established auction method and is one of the best ways to get your property sold on a day certain at a certain time.
  
  
• Live On-Site and On-Line Auctions are particularly attractive for properties where some buyers may not be able to attend the auction personally but have inspected the property in advance of the auction.
  
  
• Sealed Bid Auctions, including Stalking Horse bid solicitations during the 363 sale process, where the top 10% convert to a private live auction, as well as other hybrid methods are variations on this strategic sale process.
  
  
• Multi-Par Auctions for selling commercial land tracts, commercial condominiums, and other multi-offering auction events.
  
  
• Bidders Choice Auctions as an alternative to the Multi-Par auction process. In some situations, multi-par auctions are preferred and in other cases the Bidders Choice auction method is preferred. We have the ability to execute each auction method with the goal of generating the highest market value price for your property based on your circumstances.
  
  
• Absolute Auctions can be the best way to generate the most interest in your property, and may be the best way to realize the highest price, and we will help you fully understand all of the pros and cons of this method of sale.
  
  
• Disclosed Minimum Bid Auctions give the buyers the opportunity to know in advance what the minimum bid amount will be. For this strategy to be effective the minimum bid should be far below what any buyer would ever expect to pay for the property and the seller must be prepared to sell the property at or above the minimum bid price.
  
  This auction process generates demand from buyers by offering significant profit potential to the marketplace and gives the seller a bottom line number acceptable to them.
  
  
• Reserve Auctions give the seller the right to accept or reject the high bid unless the high bid is equal to or greater than the undisclosed reserve price agreed upon in advance by the seller and the auctioneer. For this strategy to be effective the seller must be highly motivated to sell and the buyers needs to believe that the seller is highly motivated to sell.
  
  While every buyer would prefer that every auction be absolute or with a disclosed minimum bid, sometimes that is just not possible because of certain legal requirements of the seller. The marketplace will accept reserve auctions as long as the reason for the sale and the credibility of the auctioneer motivates the buyer to bid. Before National Commercial Auctioneers will accept a reserve auction, we must thoroughly underwrite the value and the property so we are confident that the property will trade at the auction.