WHY SELL BY AUCTION?

Auctions bring buyers and sellers together for high-spirited public auctions which are fun and bring out the competitive nature of the bidders! This ensures that sellers achieve true market value for their property! Our advertising plan brings the buyers to your sale, so you can be confident you will get top dollar for your assets. Selling by auction is faster than selling by conventional methods.

Reasons why you may be in a hurry to sell:

You may be settling an estate and want to distribute the proceeds to the heirs quickly.
You may need your equity to finance a move to another location.
You failed to find a buyer by other methods of selling.
You want to avoid having strangers going through your home while you are not there and then receiving low-ball offers or no offer at all!
You may be closing your business, retiring, selling non-producing items, or reducing your inventory.

By selling your assets at a WUDUBID.com auction:

Market attention will be focused on your property, which will create an urgency for buyers who wish to purchase the property or assets.
An absolute buying deadline will be created that did not exist prior to offering your property by auction.
Competitive bidding will occur when all buyers see the assets and bid as high as they are willing to pay.
Your assets are advertised and promoted in the right markets.
Bidders will have access to internet bidding, which is another tool WUDUBID.com uses to advertise your assets to a wider audience, and ensure top dollar for your real estate, personal property, or any type of assets. If potential buyers are unable to attend your sale, on-line bidding is provided for their convenience.

By selling your real estate or personal property at a WUDUBID.com auction, you know that:

Buyers come prepared to buy. The buyers are pre-qualified, and you know they have the money to make the purchase.
You move your property quickly and avoid long term costs such as interest, insurance, taxes, and upkeep. Auctions are the quickest way to sell property and receive current market value.
Your property is sold as is! There are no buyer contingencies and no distressing negotiations, as in traditional selling, which favors the buyer rather than you, the seller.
Auction marketing is intense and happens in a short time frame as opposed to the long-term advertising of traditional sales.
The buyer will make a non-refundable deposit the day of the sale. (The closing date on real estate will ordinarily be within 30 days of the sale date.)
You set the date that your property will be auctioned, eliminating the uncertainty of waiting for it to sell. Traditional property sales do not have pre-determined selling dates.
An aggressive advertising campaign assures interest and visibility.
Competitive bidding encourages buyers to pay current market value or higher for the property.

How the auction marketing process works at WUDUBID.com

You call and talk with a WUDUBID.com representative and discuss your plans.
A professional auctioneer will meet with you to evaluate your assets and/or real estate.
Following the visit, you will be presented with an Auction Contract that includes an itemized list of assets, and the terms under which your auction will be conducted.
Our Accelerated Marketing Proposal allows you to have input into the advertising process.
Once all sale terms are agreed upon, the exclusive Auction Contract is signed between you and WUDUBID.com.
When the Auction Contract is in place, we begin the process of marketing your assets and organizing your sale. Your sale is uploaded to our website, and ads are designed and marketed according to the decisions agreed upon in the Accelerated Marketing Proposal. Signs are placed at strategic locations closer to your sale date, directing prospective buyers to your sale site. We will also meet with you to discuss sale setup and procedure.
Prior to sale day, an auction representative will be in contact with you to answer any questions.
On sale day our staff will arrive early to register bidders, handle last minute sale preparations, and check sound and the on-line bidding system. WUDUBID.com will conduct the auction, record all transactions, and complete the necessary purchase agreements after the sale.
Following your real estate auction (if applicable), a qualified Realtor/Auctioneer will complete the purchase agreement, set the closing date within 30 days, and co-ordinate all necessary processes and documents.
For auctions of personal assets, WUDUBID.com will disburse your proceeds to you within 24 hours of completion of your sale in most cases, but depending on the type of sale, in some cases, it could be longer, but never more than 15 days. If you would like to sell by auction and do not have enough assets to hold your own auction sale, you are welcome to consign your assets to one of our existing sales.

For the seller,

the auction method for real estate is a turnkey transaction and all he has to do is guarantee a good and marketable title and deposit the proceeds after the closing.

For the buyer,

real estate inspection and due diligence is performed prior to the auction date, and the pre-qualifying has been done. The winning bidder will then make a substantial cash deposit on auction day with the balance due usually within 30 days.

WUDUBID.com is dedicated to connecting buyers and sellers and to making your auction experience Exciting, Fun, and Profitable!