Real Estate Auction Service
Conduct auctions for residential and commercial real estate
Overview
Real estate auctioneers charge 5-10% commission on property sales.
Auctioning 10-30 properties annually generates $150,000-$900,000 annually with 80-90% margins (minimal overhead).
In 2025, auctions provide fast property sales for estates, foreclosures, and motivated sellers.
Services include property marketing and advertising, open houses and previews, auction day management, buyer qualification, and closing coordination.
Successful real estate auctioneers need real estate AND auctioneer licenses, understand property values and marketing, attract serious buyers, work with banks and estates, and coordinate closings.
Properties sell quickly (30-60 days) versus traditional listings (months).
Can specialize: residential, commercial, land, or foreclosures.
Marketing through real estate community, banks, estate attorneys, and property advertising.
Required Skills
- Real Estate License
- Auctioneering
- Property Valuation
- Marketing
- Buyer Qualification
- Transaction Coordination
Pros and Cons
Pros
- High commission on property sales
- Fast sales for motivated sellers
- Banks and estates need auction services
- Properties sell regardless of market
- Can build auction real estate specialty
Cons
- Need both real estate AND auctioneer licenses
- Marketing costs per property high
- Buyer financing can delay closing
- Properties may not reach reserve price
- Competition from traditional real estate
How to Get Started
- Get real estate and auctioneer licenses
- Learn real estate auction methods
- Build relationships with banks and estates
- Develop property marketing process
- Qualify buyers for auction participation
- Coordinate auction day and closings
- Market through real estate and banking communities
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