8151 Robinson Jefferson Dr., Elkridge, MD 21075
CLASS A APARTMENT COMPLEX 320 Unit Class A Apartment Building known as "Paragon at Columbia Overlook" Located in Howard County
Sell at Auction Why You Should Sell Your Property at Auction
Using the Alex Cooper auction platform to sell a property can be very advantageous for the property owner. Traditional brokerage purchase agreements for real estate are written with preference given to the buyer, not the seller.
Sell at AuctionThe Auction Purchase and Sale Agreement
Our auction Purchase and Sale Agreement (PSA) gives the seller distinct advantages, such as:
- The Buyer pays Alex Cooper’s commission via a Buyer’s Premium.
- The Buyer pays 100% of transfer and recordation taxes.
- The property sells as is, where is.
- There are no contingencies on property inspection results, appraisals, or financing.
- Buyer pays a non-refundable earnest money deposit in the amount of 10% of the purchase price.
- Sale terms for vacant properties require expenses, such as real estate taxes, to be adjusted to the sale date, rather than the settlement date.
Buy & Sell How Does the Auction Process Work?
The Alex Cooper bidding platform gives your property extensive exposure, ensuring a broad audience of potential buyers. This reach is further expanded by syndication across platforms like Zillow, Realtor.com, and Redfin for residential properties, and CREXI for commercial properties, maximizing visibility. Our auction process offers the seller a minimum reserve price, a practice where Alex Cooper Auctioneers has a notable record of meeting or exceeding expectations. This approach protects the seller’s bottom line while ensuring a transparent and fair process where market forces drive the property’s final selling price.
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Step 1 Property Analysis, Reserve Price & Listing Agreement
After making sure you and your client are educated about the auction process, we collaborate to perform a property analysis and set a minimum reserve price. From there, auction listing agreements will be generated and signed by all parties.
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Step 2 Marketing Your Property
Once agreements are finalized, the marketing process begins. Marketing the property occurs over the next ~21 days, with registration and bidding open in the last five before the auction ends.
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Step 3 Auction Day
In the last 15 minutes of the final day of the auction, we will be together at our office or via video conference. Alex Cooper will provide insight into the registered number of bidders and the competition that is occurring. The seller has the right to accept or reject the bid if it is under the minimum reserve.
Contact Get Started
The team at Alex Cooper is here to see you through every step of the process of selling your property at auction.
Interested in learning more? Contact the Alex Cooper team today to learn more about the benefits of selling real estate auction.
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