We are well versed in the sale of Real Estate at Auction ranging from Residential to Commercial & Industrial to Investment Portfolios, to Farms. We have experience in selling real estate at auction in many circumstances including: Seller-Opted, Estates, Foreclosure, Pre-foreclosure, Receiverships, REO (bank owned real estate) and many more.
MONTRIE AUCTION & ESTATE SERVICE LLC operates the NW Ohio Branch office of OHIO REAL ESTATE AUCTIONS, LLC. We conduct all Ohio real estate transactions through OREA, which has grown to become Ohio’s largest auction firm Specializing in the Sale of Real Estate at Public Auction. The company currently carries the licenses of over 50 auctioneers – with representation in every Ohio County.
Michigan real estate transactions are conducted through Michigan broker, Jade Montrie.
We are members of the following professional real estate organizations:
- Toledo Regional Association of Realtors
- Monroe County Association of Realtors
- Ohio Association of Realtors
- Michigan Reatlors
- National Association of Realtors
The Auction Method
The Auction Method is the most efficient, most reliable and easiest way to achieve your goal: to get the most money you can for what you have in the shortest amount of time, without any hassle. The use of the Auction Method of Marketing for the sale of all types of Real Estate is growing rapidly. The idea that the an auction is a last resort or only works best for distressed properties is no longer true. Auctions provide a quick transaction, save holding costs, and in many case, results in the best net profit to the seller. It is estimated, according to a study by the National Association of Realtors (NAR), that one in every three properties sold will utilize the auction method of marketing within the next seven years. We are excited to have the opportunity to work with you in selling your home at auction. We understand that selling a home can be stressful and we do all that we can to help you through the process. Here are just a few of the ways the auction method can work for you: The seller gets to determine the date and time at which the property will be sold. Using the auction method, property can typically be marketed and sold within a four to six week time frame. A timely auction allows the seller to drastically reduce holding costs such as taxes, insurance and maintenance. An auction environment arouses the competitive spirit among the prospective bidders. Setting a specific date and time of sale creates a sense of urgency and forces the prospective buyers to a point of decision. The seller can set the terms of the auction, thereby avoiding lengthy negotiations of price and terms. An advertising program is tailored to the seller’s property which will attract the largest number of potential buyers. This insures a true “market value” price for the property on the day of the auction. There is no ceiling price set on the property, which allows the price to increase freely with no limit. The competitive bidding format creates confidence among the buyers when they see other people willing to pay a similar amount for the property
In addition to the auciton method of marketing, we are also able to handle traditional real estate listings as either seller’s or buyer’s agents.