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

Located in Howard County, MD this newly constructed 320 unit Class A apartment building known as Paragon at Columbia Overlook had just reached full occupancy.  We were notified by the owners that they were interested in selling the building through a traditional listing and not an auction.  We were able to procure an all cash buyer that was offering a price significantly higher than any other interested party.  After a short study period the purchasers closed on the complex within 45 days of contract ratification.

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 Auction

The 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.

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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