Why Sell at Auction?
Why Sell at Auction?
When you need certainty, speed, and competition, real estate auctions offer a powerful alternative to traditional sales. Instead of waiting weeks or months for offers and negotiations, an auction compresses the process into a single event where motivated buyers compete directly for your property.
At Kenton Patrick Realty & Auction, we deliver professional auction services that maximize exposure, create urgency, and give you control over the terms and timing of your sale.
Benefits of Auction Sales
- Competitive Bidding — Buyers compete head-to-head, often pushing the price higher than traditional negotiation.
- Set the Timeline — You choose the auction date; your property sells on your schedule.
- Transparency — The process is open and fair; buyers know where they stand.
- No Stalled Negotiations — Once the gavel falls, the winning bid is binding.
- Serious Buyers Only — Registration and deposits ensure only qualified buyers participate.
- Flexibility — Choose between a reserve auction (with a minimum acceptable price) or an absolute auction (no reserve, property sells to the highest bidder).
How Our Auction Process Works
How Our Auction Process Works
1. Consultation & Strategy
We meet with you to understand your goals and determine whether an auction is the best path. Together, we set the auction format (reserve or absolute) and the timeline.
2. Property Preparation & Marketing
We prepare professional photography, video, and disclosures, then market aggressively through online platforms, targeted advertising, and buyer databases to build anticipation leading up to the auction.
3. Buyer Registration
Interested bidders register in advance, providing proof of funds and agreeing to auction terms. Deposits may be required to ensure only serious participation.
4. Online Auction Event
On auction day, bidding takes place online in real time. Features like soft close extensions ensure fairness and allow true market value to emerge.
5. Winning Bid & Contract
At the close, the highest bidder signs a binding purchase contract and provides their deposit. A buyer’s premium (if applicable) is added to the high bid to form the final purchase price.
6. Closing
The transaction moves to closing, usually within 30 days. Title, funds, and possession transfer per the auction terms.
Auction Options
- Reserve Auction
You set a minimum price. If bidding doesn’t reach that level, the property doesn’t sell. - Absolute Auction
No minimum price. The property sells to the highest bidder on auction day. - Hybrid ApproachWe market via both MLS and auction simultaneously, attracting traditional buyers and bidders for maximum exposure.
Why Choose Kenton Patrick for Auction Services?
- Specialized Expertise — Skilled in structuring and running real estate auctions in Colorado.
- Full-Service Brokerage — We combine traditional and auction sales under one roof, giving you flexibility.
- Marketing Power — Aggressive, targeted campaigns designed to bring serious buyers to your property.
- Streamlined Process — From disclosures to bidding to closing, we manage every detail.
- Trusted Results — Auctions help you sell on your terms: your date, your rules, your outcome.