Why Buy Luxury Real Estate At Auction?

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Buying Advantages

Commitment to Sell. When you attend an auction, you’ll know that the seller is committed to selling the property on auction day.

No Risk of Overpaying. With traditional real estate sales, many buyers of luxury homes, ranches, penthouse apartments and other properties worry that they will pay too much. However, with an auction, the visible market value is established. So if you are the successful bidder, you will know that your price is fair market value.

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Service. We will work closely with you in the days leading up to the sale, by providing you the information you need to evaluate the property and be prepared to make a sound decision on the auction sale day.

Auction Day. We provide a staff of professional auctioneers and bid assistants to help you in any way throughout the bidding and buying process.

We offer a more streamlined non-contingent closing normally within 30 days.

“As a buyer, the Auction website had all the information you could ask for, from Inspection Reports to Land and Parcel Maps. All those associated with the sale were very professional and ethical. Based on our experience we will certainly be utilizing Supreme Auctions® for our property when it comes time.”

Curta & Dennis – La Habra, CA
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Integrity

As a buyer, it is important for you to know that at an auction conducted by Supreme Auctions®, you will be provided with all the information you need in preparation for the auction day. When you see an advertisement for an auction, make sure that you understand the difference between an “absolute” auction (an auction without reserve) and a reserve auction, as sometimes properties are subject to meeting an undisclosed reserve amount before the auction company can sell the property.

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As luxury leaders in the auction industry and members of the NAA, we recognize and adhere to their Code of Ethics, which spells out the auction company’s obligation to properly inform the buyers during the marketing campaign whether the auction is absolute or with reserve. Therefore, Supreme Auctions® are committed to providing you with a clear and concise understanding of the property being sold, the terms of the auction, and the auction process as it relates to that specific auction.

Supreme Auctions® has been successfully marketing luxury real estate for sale by auction for over 30 years in 70 countries around the world. We further understand that for us to continue successfully marketing luxury real estate auctions, Supreme Auctions® must continue to market properties of sellers who are truly committed to sell. When you make the decision to attend one of our auctions, you will know that the property will sell on auction day.

“My experience with Supreme Auctions® was excellent, they are very fair and wide open, all the staff were very upfront and the auction was very well run. I was on pins and needles and excited throughout the whole time; couldn’t be happier.”

Charles Crites – La Quinta, CA
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Getting Ready

As with any other real estate purchase, it is important to do your homework, or as we refer to it as, Due Diligence. Here are some steps we recommend:

Study the information available on the property. This can be found on the Auction property page with full details about the location, size, acreage and many other aspects of the property. A property brochure is also available to view online or you may request one be mailed to your address.

Obtain a Property Information Packet. This packet contains many more helpful details, such as maps, demographics, zoning information, seller disclosure, inspection and floor plans.

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Visit the property. Ultimately, there is no substitute for viewing the property. Our professional on site auction showing staff will give you a guided tour of the property and answer any questions you may have about the auction process and the property itself.

Arrange financing, if needed. Our properties are sold without contingencies, so you will need to make arrangements to have financing in place (if you require it) before the auction day.

Decide whether you wish to be represented by a real estate broker. Supreme Auctions® do not require that you be represented, however, if you are working with a real estate professional, they will be required to attend any open house viewings with you as well as the auction day.

SEE WHAT OUR CLIENTS HAVE TO SAY VIEW TESTIMONIALS

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Auction Day

On auction day, Supreme Auctions® suggest that you make arrangements to arrive at the property at least 45 minutes prior to the scheduled Auction time. This will allow for you to complete your Bidder Registration, (if you have not already done so), collect your Bidder Packet, take a final tour of the property and ask any remaining questions you may have before the live auction commences.

During the auction, our bid assistants will be available to relay your bid to the auctioneer and answer any questions you may have during the auction.

SOLD! You are the Highest Bidder

Congratulations! You and your party will be escorted to the closing room immediately after the auction to complete all necessary documents. Our staff will be on hand to answer any questions about the closing process and ensure a smooth transaction. In most cases, your closing will be scheduled within 30 days.

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Attend an Auction

Contact Supreme Auctions® at 866-929-2243 to get more information, or chat with an agent online.