NEW PRICE! GREAT DEAL! Print is dying... so let our online guerrilla marketing expose your property to thousands of potential buyers for a low flat fee. You'll get all the benefits of our custom targeted auction campaigns without the overhead of print ads.
TRAC offers a flat-fee program for our popular online/live combination real estate auctions. This unique program provides premium exposure for your property and encourages online bidders to submit their best and final offers or risk being outbid at the live sale.
Click here for general terms governing our online real estate auctions.
Overview of our online/live auction format:
- These auctions are conducted in 2 phases:
- During the 1st phase (online), the seller reserves the right to accept any bid at any time.
- at the conclusion of online bidding, the 2nd phase (live) will commence, with a live auction to be held on the premises. The high online bid will registered as the opening bid at the live auction. TRAC will make reasonable efforts to contact the high online bidder to allow said bidder to challenge any higher bid.
- Most properties are made available for inspection at one public open house, typically held on the weekend prior to the live sale; otherwise by appointment only by calling the auctioneer's office.
- For some properties a Registration Deposit must be submitted to TRAC in good funds before bidders are permitted to submit online bids. All Registration Deposits are held in escrow by TRAC.
- Only ID Verified bidders will be permitted to bid online.
- There will be a Buyer’s Premium in an agreed amount in effect1
- The Purchaser must increase his/her deposit to 10% of the high bid within 3 business days
- 30 day settlement is generally required for residential properties; 45-60 days for commercial properties
Included items:
- appointment of TRAC representative to oversee your sale
- 1-2 TRAC banners, installed
- 1-2 custom auction signs, installed
- listing on this site with online bidding
- listing on numerous local, regional and national auction directory sites
- MLS listing
- listing on REALTOR.COM
- custom property flyers
- Property Information Packets
- assistance throughout the process from the TRAC auction team
- professionally-staffed, live outcry auction held on the premises
Additional targeted marketing materials are available at cost. Contact TRAC for more details.
Sellers must provide the following before properties are enrolled for auction:
- any required disclosure/disclaimer statements
- applicable lead disclosures
- fully executed auction services agreement (available on the myTRAC system)
To get moving on your sale immediately, please pay using Paypal.
1 The high bid plus the referenced Buyer's Premium will equal the final purchase price. For example, if the auction is subject to a 5% Buyer's Premium and the high bid is $100,000 you would add a $5,000 Buyer's Premium for a final purchase price of $105,000. The Buyer's Premium is a fee charged to the buyer by the auction company and is used to compensate the auction company and any participating brokers. |