Frequently Asked Questions

---

Yes, you will need to register to participate in any of our auctions. You can register online or in person at the auction site. You will need to be pre-approved to participate in the auction.

 Selling at a real estate auction provides a fast and efficient process, with the entire sale typically completed within weeks. Auctions create competitive bidding, often driving prices higher, and ensure transparency, so sellers know exactly where the bids stand. With no lengthy negotiations, sellers can avoid back-and-forth haggling. Auctions also attract serious buyers willing to pay market value, and properties can be sold "as-is," saving on repairs or upgrades. The set auction date offers certainty, and auctions provide access to a broader audience, including investors, increasing the chances of a successful sale.  For sellers, the advantages are significant: - No Closing Costs: Unlike traditional sales, sellers do not incur closing costs, leaving them with more money from the sale. - Fast Close & No Contingencies: We offer swift closing without contingencies like inspections or appraisals, streamlining the process and ensuring a hassle-free experience. - Serious Buyers Only: All buyers place a non-refundable deposit of 10%. This commitment signals serious intent, minimizing the risk of flaky buyers—an issue that often plagues sellers in today's market. 

 Buying from a real estate auction offers the chance to find properties at below-market prices, with competitive bidding potentially resulting in great deals. Auctions are transparent, quick, and allow you to see all bids in real-time. With clear terms and deadlines, auctions offer a streamlined way to secure a variety of properties, including those not typically found through traditional listings.

 For buyers, the benefits are equally enticing: - Competitive Prices: Since the bidding process attracts more investors, buyers have the opportunity to purchase properties at prices that reflect true market value. - Favorable Terms: Unlike government auctions, which often require full payment upfront, our non-refundable deposit structure provides a more flexible approach to acquisition. 

We charge a percentage of the sale for posting of the property to the MLS. All closing fees will be covered by the buyer's premium.

Buyers will be charged a 10% premium for each auction in order to cover Abundant Auction's fees as well as any closing costs.

  In traditional wholesaling, sellers often receive lower offers because wholesalers simply mark up the price to other investors. This leads to limited options for sellers, as they are typically exposed to only a small pool of potential buyers. However, our approach flips this model on its head. By marketing properties nationally, we attract a broader range of investors, creating highly competitive bidding wars that drive up the prices for sellers.