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REAL ESTATE
REAL ESTATE AUCTIONS
At House of Craven, our mission is to provide a transparent and fair auction process for both buyers and sellers in 60 days. We strive to achieve the best possible results for our clients while maintaining the highest level of integrity. Contact us to discuss the Real Estate Auction process.
REAL ESTATE AUCTIONS
Residenital Real Estate Auctions
At House of Craven, our mission is to provide exceptional service to both buyers and sellers in the auction industry. We strive to create a transparent and fair marketplace where everyone can participate and find value.
Commerical Real Estate Auction
We have a proven track record of delivering outstanding results for our clients. Our auctions regularly achieve record prices, and we have helped countless individuals and organizations achieve their goals.
REO Properties
At House of Craven, we take our reputation seriously. We are committed to operating with the highest standards of integrity and professionalism, and we have earned the trust of our clients through our transparency and honesty.
MEETING THE MARKET IN 2024
Our Buyers
Our Robust Marketplace
Our Robust Marketplace
Our buyers bid and purchase properties using our superior technology platform. Buyers receive convenient access to property information, exclusive inventory, personalized property matches, onsite and online education, and customer support throughout the entire process.
Our Robust Marketplace
Our Robust Marketplace
Our Robust Marketplace
MEETING THE NEEDS OF
BUYERS AND SELLERS
Our Sellers
Our Robust Marketplace
Our Sellers
Our sellers receive the nation’s largest and most reputable auction programs, an unrivaled marketing reach, and data intelligence and insights to move assets quickly. By leveraging digital and mobile technology, we amplify the reach and exposure of assets on our platform.
60-DAY AUCTION TIMELINE
Phase I: Underwriting
Once the Auction Agreement is signed, the property moves into Underwriting for committee review and approval.
Phase II: Preparation
Days 1-14
After the property has passed Underwriting, the auction team will be assigned to begin launch preparations over the next two weeks, including assembling marketing assets, collating diligence, and forming the sales strategy.
Phase III: Global Launch & Early Bidder Aggregation
Days 15-36
On launch day, the property will go live on our global marketplace and open houses/scheduled showings begin. The next three weeks are focused on targeted database outreach and early bidder aggregation. Prior to bidding opening, the seller, listing agent, and the auction team will collectively review the initial bidder lineup and starting bids to approve the opening of bidding.
Phase IV: Local Market & Additional Bidder Engagement
Days 37-50
The day bidding opens, the MLS will be adjusted to the highest starting bid. Bidding will remain open for the next two weeks, which are focused on activating the local market, re-engaging our database, and additional bidder engagement. During this time, MLS will be continually adjusted to the current high bid.
Phase V: Closing
Once bidding concludes, the property will move into the closing period, led by your chosen escrow agent, which will take approximately 1-4 weeks.
