Selling your Real Estate
Most properties are sold in 30 days or less
At North American Auctioneers we have been selling hard to sell Real Estate for over 25 years throughout Canada. We have sold every type of real estate from small homes to large industrial buildings and resorts. Our team of professionals will visit your property, complete an on site analysis and supply you with a marketing program fitted specifically to your property, ensuring your property is sold for as much as possible in the shortest amount of time. Your property will be listed on the MLS board as with any realtor and in the majority of sales will be sold within 30 days with cash offers closing quickly. Contact us today so we can get started on your marketing plan.
The Bidding process
There are many differences between a traditional listing you might have with a Realtor, but the key distinction between auctioning your property and a traditional listing is that instead of waiting for an offer for your property, we can sell your property on a certain day with competing bidders even on a soft market. Your property will be listed on our website bidding platform and the bidding is open so buyers know when they have been out bid, and can bid as many times as they like in order to win your property. Everyone can see where the current bid is and will compete for your property. This bidding will continue until auction close at which time a cash offer will be signed by the buyer and presented to you.
Offers
The offer for your property will be prepared by a licenced Realtor prior to the start of the auction. Preparing the offer prior to the start of the auction is helpful to the buyer and seller by allowing the seller to dictate terms of sale instead of a negotiated offer and it gives the buyers a level playing field from which they will compete for your property, and the ability to review and have their lawyers review the offer prior to bidding. All details like closing date, items included in the purchase or excluded, and whether any conditions to the sale will be allowed will all be decided by the seller prior to the buyer’s getting involved.Â
Marketing
North American Auctioneers has been marketing Real Estate across Canada since 1999, bringing extensive experience to the table. We don’t just list your property on MLS and wait for calls. For $1899, you’ll receive the largest sign available to draw maximum attention to your home, along with MLS exposure, Kijiji listings, a dedicated posting on the North American Auctioneers website, Facebook promotion, and any additional marketing needed to secure the highest possible sale price. This package also includes a property inspection, giving buyers greater confidence in their bids and encouraging them to offer more for your home.
Showings
Please let us know when you would like your home to be available for showings, and we will add those times to our showing calendar. Agents from any brokerage can then schedule viewings during those windows. This way, you’ll know exactly when showings are happening and won’t be caught off guard by last-minute requests—like a call asking to see the house at 6 p.m. on a Sunday evening.
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We recommend keeping the home available for showings as often as possible, since more viewings typically lead to more potential buyers, increased competition, and ultimately a higher final sale price.
Live Auction
Buyers
Sellers
SELLER FAQs
Simply fill out our Online Seller Registration Form, and a representative will get in touch with you to begin the process, or call us at 877-672-6604. At North American Auctioneers we will work closely with you and visit your property to gather comprehensive details about the property and its surroundings. We will then create a tailored marketing plan designed to maximize exposure and attract qualified buyers who are ready to bid on your property.
- Most residential properties are sold within 21-30 days, commercial 45-60 days
- Auctioning your Real Estate with North American Auctioneers get results fast
- Auctions creates excitement
- Reduce expenses of carrying a property
- Unconditional cash offers
- You set minimum price, day of sale, and all other terms of the sale prior to listing property for auction
- Focused marketing plans
- Over 50% of properties listed for auction with North American Auctioneers sell at prices acceptable to sellers before auction day.
At North American Auctioneers we have sold everything from small residential properties to OHL hockey arenas, shopping malls, schools, cottages, golf courses, condos, industrial properties, and any type of property you can think of. Regardless of what type of property you may have, its location or condition, chances are we’ve already sold a similar property in the past.
No, North American Auctioneers is affiliated with Anchor Realty a Real Estate brokerage giving you the ability to sell your property at any time during the marketing process. With this flexibility to sell at any time, we have found regardless of how long properties have previously sat on the market, about 50% will sell prior to auction date.
At auction everything including showings are pre scheduled, meaning you don’t have to keep your house clean 24/7 as the showing times and days are predetermined. Many of our residential sellers will chose 1 day during the week where people can book a showing, and 1 scheduled open house per week. Commercial properties will usually have predetermined days and times on an appointment only basis.
North American Auctioneers creates a customized marketing strategy for every property, designed to attract the maximum number of qualified bidders. For residential properties, marketing plans typically range from $1,000 to $1,800, though the final cost may vary based on marketing expenses and the property's specific selling challenges.
Commercial properties receive a detailed evaluation, and their marketing budgets can range from a few thousand dollars to over $20,000. This cost depends on the property's location, the complexity of the sale, and the necessary market reach to connect with qualified buyers.
Commission structures are comparable to those in traditional real estate sales but may also be adjusted according to the difficulty of the sale and the marketing efforts required.
While it is not mandatory, conducting an environmental study for prospective buyers is strongly recommended in most situations. This approach allows the property to be sold unconditionally, eliminating the risk of the sale collapsing, and typically attracts more potential bidders, which often leads to a higher final sale price.
No. A representative of North American Auctioneers will visit your property to advise you on what should and should not be done to successfully sell your property to net the highest amount on closing.
At auction there are several ways to structure the commission:
- A buyer’s commission where the buyer pays the entire commission.
- A split between the buyer and seller,
- The seller pays all commission.
A representative of North American Auctioneers will work with you in determining the best approach for your property.
A buyer’s commission is a additional fee added on top of the final bid price. For example, if your property has a top bid of $500,000 and the commission is 5%, the buyer will pay an fee of $25,000, making the final sale price $525,000.
A buyer’s commission can offset some or all of the commission typically paid by the seller thereby reducing the cost of selling the property. A possible disadvantage is that Canadian buyers are often unfamiliar with this arrangement, and in residential sales, they might submit lower offers or choose not to bid at all.Â
Commercial buyers, on the other hand, tend to be more experienced in real estate transactions and generally recognize that a commission is factored into the sale price regardless. They typically incorporate it into their overall purchase cost, so it seldom influences the final price.
For commercial properties or highly sought-after real estate with multiple bidders, this approach is frequently the most effective sales method. Â
In a less competitive market, adding the commission on to the price as a buyer commission can have a negative impact on final bid price and deter some buyers from bidding at all.
The offer and all associated documents for the sale will be drawn up by a real estate agent working with North American Auctioneers, which you must approve before bidding begins.
North American Auctioneers has auctioned virtually every type of Real Estate you can imagine. The only criteria for a property to be acceptable for auction is that it is priced to sell and you have equity in the property.
At North American Auctioneers, we specialize exclusively in Real Estate. While we can include items in the sale of the real estate, we do not auction separately. If you need an auctioneer to auction your furniture or other items independently, we can arrange for another auction company to handle those sales for you.
If the bidding does not reach reserve, we will still prepare an offer at the highest bid point and present it to you. At that point, you will have the opportunity to accept, reject or sign the offer back with changes.
Please be aware that if you make any changes to the offer, the highest bidder is under no obligation to accept your offer and may walk away from the sale completely.
Most residential properties are sold within 21-30 days. Rural and commercial properties will take between 45 to 60 days.
Just as a traditional sale you will be paid on closing. You can schedule the closing of the property as soon as 14 days but we recommend 30 days or a window of 30-60 days to ensure that potential buyers aren't discouraged from bidding due to an inability to take possession quickly.
Just as any sale of Real Estate, you will need to engage a lawyer to finalize the sale. If you do not have a lawyer, North American Auctioneers can provide a list of Real Estate lawyers in your area for you to use.