Commercial Real Estate Auctions

Selling or buying commercial properties has always been a long and complex process. While buying commercial real estate can require hours of research, contacting property sellers, and visiting property showings, the selling process consists of marketing primarily. At Auction Section, we believe commercial real estate auctions represent a powerful opportunity for buyers and sellers alike. Whether looking to acquire prime properties at competitive prices or seeking a faster, transparent sales process, our auctions deliver efficiency and unparalleled value. 

By explaining how the commercial property auction process works, we’ll provide you with a deeper insight into the bidding practices and the type of commercial property you can find. We’ll highlight the benefits of buying commercial real estate at auction and all the details behind the streamlined process.

Leveraging years of market expertise, we connect you with a vast network of motivated investors and premium commercial assets. With us, you are not simply shopping property  – you’re unlocking investment potential. Ready to make your next smart move? Welcome to a new era of commercial real estate with Auction Section. 

Why Choose Our Commercial Real Estate Auctions?

With our experience in real estate auction, we at Auction Section understand the difficulty of timely and cost-effective commercial property handling. Since real estate involves larger transactions, auctions help accelerate the process, ensuring smooth and uncomplicated closing. That’s why our commercial real estate auctions offer several distinct benefits over traditional methods of acquiring property:

• Faster transactions
• Transparency in pricing
• Access to diverse commercial properties
• Competitive pricing
• Ideal for investors and developers

How Our Commercial Real Estate Auctions Work

Our commercial real estate property auctions are designed to offer a simple, transparent, and secure process for both buyers and sellers alike. The process includes:

1. Browsing available commercial properties
2. Registering to bid on commercial real estate
3. Participating in the auction
4. Securing the property
5. Property closing and possession

1. Browsing Available Commercial Properties

The first step in the process is browsing the available commercial properties. We offer detailed estate listings and frequent virtual tours and inspections so you can gain a full overview of what your desired commercial building offers.

2. Registering to Bid on Commercial Real Estate

The second step is to register to bid on the desired commercial real estate. Once again, we offer a quick and easy registration process to save you time. Our streamlined registration process aims to make participation simple, transparent, and secure. In just a few simple steps, you’ll be ready to bid confidently. However, you should always ensure you have financial capacity so you’re eligible to participate.

3. Participate in the Auction

The most important step in the process is participating in the auction. We offer real-time bidding alongside an auto-bid feature that allows you to set a maximum bid in advance.

4. Secure the Property

Once you secure the property, our team at Auction Section provides dedicated support to help you finalize the transaction. We’re devoted to helping you with the necessary paperwork and formalities to guide you through the process.

5. Property Handover

The last step of the process is known as the property handover. During this phase, we offer post-auction support to ensure a smooth handover without many obstacles. 

Types of Commercial Properties Available

Now that you’ve grasped the basics behind how a real estate auction works, you may be wondering about the types of commercial property available. Our commercial property auction features a wide range of property types, perfect for different business needs and investment strategies:

• Office buildings
• Retail spaces
• Industrial properties
• Multi-family commercial units
• Land for commercial development
• Hotels and hospitality properties

Benefits of Buying Commercial Real Estate at Auction

Buying commercial property through a commercial real estate auction offers distinct advantages for businesses, investors, and developers:

• Faster acquisition
• Transparency and fair pricing
• Access to underutilized or hidden properties
• Diverse investment opportunities
• Opportunity for customization or redevelopment
• No lengthy negotiations

FAQs about Commercial Real Estate Auctions

1. How do I register for a commercial real estate auction in?

To successfully register for a commercial real estate auction, you first need to choose an auction platform, create an account on it, and get a financial pre-approval. Once you’ve agreed to the terms and conditions, you may be asked to verify your registration for security reasons.

2. What types of commercial properties can I find at auction?

As mentioned previously, there are various types of commercial properties you can find at auctions, including office buildings for auction, retail spaces, industrial properties, multi-family commercial units, hotels, hospitality properties, and land for commercial development. 

3. How does bidding work during a commercial real estate auction?

Similar to other auctions, commercial real estate auctions usually start at relatively low prices, which raise every time someone makes a higher bid. The winner of the auction is the party who offered the highest price for the commercial property being auctioned.

4. Can I inspect a commercial property before the auction?

Yes, you can inspect the commercial property you’re interested in before the auction starts. In most cases, there are scheduled inspections or property showing events where you’ll be able to review the property, site, and necessary legal documentation.

5. What are the payment options for purchasing commercial real estate at auction?

Even though the payment options for purchasing commercial real estate at auctions can vary depending on the auction, the general rule is to pay a 10% non-refundable deposit of the purchase price on the same day you’ve won the auction. For the full property price, you can choose between wire transfers and certified cashier’s, personal, or business checks and a closing date of approximately 30 days post bid acceptance

6. How soon can I take possession of the property after winning an auction?

Taking possession of the commercial property you’ve won at the auction may vary depending on the payment terms you and the bank agreed upon. Once you’ve fully paid for the property, you can take possession of the property within a timeframe lasting from 15 to 60 days.

Contact Us

If you’re looking for ways to start participating in commercial real estate auctions or have any additional questions, remember that you can always contact our team at the Auction Section. To accelerate the process, call (713) 594-1576 for Mark Thomas, or call (713) 702-3666 for Logan Thomas, and we’ll happily answer your queries. Contact us today and discover how you can leverage auction marketing to increase interest in your properties or find your forever home!