Welcome to CBSHOME Auctions

Many times when we suggest a real estate auction, people say, "are you serious?  That's for distressed property.  Real estate that can't be sold using the private negotiated method.  I wouldn't turn to that option unless our listing was really flat." -- If you said that or even thought it, you are living in the real estate world of the 1970's or earlier.  Real estate has changed radically in the 1990's and 2000's.  One change is the new role real estate auctions have assumed as a useful effective selling tool, a viable supplement to yesterday's private negotiated, put a sign out, run an ad, wait for the phone to ring, one on one marketing efforts.

 

Private negotiated and auction marketing programs differ mainly in that an auction can usually a real estate sale within a certain time and focus market attention on the property being auctioned.  Auctions can accelerate real estate sales, and many times maximize the property's selling price.  The entire marketing time rarely exceeds 60 days.

 

Yesterday and Today:  Most people unfamiliar with Real Estate auctions commonly still associate them with distressed and foreclosed real estate.  This perception does have a historical basis.

 

Before the 1980's, auctions were most often used in debtor/creditor situations to clear debts.  Usually, the sale of real estate wasn't the primary objective rather, the liquidation of all assets for reasons not related to real estate (eg. bankruptcy or business failure was the motivation).  Private negotiated marketing couldn't guarantee a sale within a brief time period; an auction could.  As a result, the auction technique was only partially effective.  The speed of auctions in closing sales was taken advantage of, but the ability to generate a high market price was neglected.  So auctions were commonly associated with "fire sale" bargain prices.

 

If you re-examine this pre 1980's situation, you'll realize that calling auctions a tool for selling distressed properties is incorrect.  Auctions were used as a tool for disressed people.

 

Today, we recognize that in addition to providing speed, the real estate auction can garner good prices.  It's a tool of first resort, not merely of last resort.  The real estate auction is a relatively new phenomenon in the United States, though it has long been popular in many other countries, most notably Australia, New Zealand and Great Britain.  When properly explained, interest in Auctions as a real estate marketing tool is very much increased.

 

A full Service Real Estate Auction Company - CBSHOME Auctions

Auction Preparation

 

Our firm offers complete turnkey service - that is, all the brokerage services offered if the property were sold using the private negotiated method - packaging, promoting, showing, helping draft documents, conducting the auction from the sale to the closing.  We charge for expenses plus a commission, which is comparable to rates charged for private negotiated brokerage services.

 

Evaluating the Property

 

Just as in a traditional listing where a Realtor evaluates the property it lists for sale, so does our real estate auction company.  All the physical and financial information about the property is reviewed and the property is inspected personally, as well as by any required outside inspectors and consultatants.  When completed, an auction report will be presented.

In the report, we will indicate whether the property is marketable at auction.  If so, we outline the marketing strategy, type of auction to be used, how the property will be shown to the prospective buyers, and the post auction follow up work that will be required.

 

Framing the Offering

 

In an auction, the roles of the seller and buyer are switched.  In private settings, sellers normally set the price and the buyer sets the terms.  In an auction setting, the seller frames the transaction and the buyers - that is the market - sets the price on the basis of the transaction the seller frames.

 

Showing the Property

 

Members of CBSHOME Auctions are skilled in showing real estate for auction at its best.  Particularly important is our ability to anticipate questions buyers have regarding the real estate being auctioned.  Information that must be available for any real estate auction is anything pertaining to the property being sold.

 

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What you will find on this website...

Here you will find a wide variety of useful information and resources designed to help you buy or sell a home more effectively in the Omaha areas. From information on the local community, to advice about finding a mortgage or preparing your home to sell, it's all available here on my web site.

You can also search for your ideal home by viewing current listings with detailed descriptions and photos. Or you can get help determining the value of your home by requesting a report that includes the prices of similar homes that recently sold or are currently for sale in the Omaha areas.

So whether you're buying or selling, feel free to contact us and we will be happy to help you with all your real estate needs.

Buyers

Whether you're looking for your first home, your dream home or an investment property, We're committed to providing you with the highest quality buyer service. Buying at auction is a new experience for a lot of people.  Our aim is to make you as informed as possible about the homes that we have for auction and so that when it comes time to bid, you are ready to be in the best position to buy. Read more.

Sellers

With market times stretching longer, auctioning your home is a great way to get your house sold in specific period of time and meet the market head on.  Many agents will tell you what they think your home is worth - with auction, we find out what it is worth and sell it.  We guarantee to provide you with professional, ethical and confidential service and keep you fully informed every step of the way. Read more.