Selling your property at auction will expose your property to a large number of pre-qualified buyers. Through an accelerated marketing process, you know the date when your property is expected to sell and you set the terms and conditions of that sale. Motivated by the urgency and excitement of the auction event, buyers make a firm decision without further negotiation and contingencies.

Yes. According to Colorado Law, the seller needs to disclose all defects of the property.

All due diligence will be done prior to the auction date and agreed to by the registered bidders. The only thing left to negotiate on the day of the auction will be the sales price.

No. Auctions have increasingly become a very popular way to sell real estate. Often a seller wishes to simplify the sales process while attracting multiple buyers competing for the property under the same terms and conditions.

Yes. If the auction process is right for you and your property, we offer cooperating agreements for outside brokers.

A marketing plan will be developed for each auction. Properties chosen for auction will be aggressively marketed locally, nationally and internationally. Through proven strategies, SSF will focus on internet marketing, compelling brochures and direct mail pieces, television, newspaper and print advertisements, as well as tapping in to our affiliate networks – the finest and most luxurious worldwide real estate affiliations.

Implementing an auction marketing program to attract as many buyers as possible to our auctions requires an experiences staff, precision, skill and a high degree of organization for scheduling and coordinating. With over four decades of service in the real estate business, we at Slifer Smith & Frampton Real Estate have the expertise to help you accomplish your goals.

Please click here to review our Buying Process

Buying real estate during an auction is an exciting process with an opportunity to compete fairly and on the same terms as all other buyers. Through our real estate auctions, you decide when and how much to bid on a property with the knowledge that the seller is prepared to sell the day of the auction. As a buyer, you know the terms and conditions before the auction which eliminates lengthy negotiations. Ultimately, your mountain home can be attained in a single day without contingencies, saving you valuable time. Click here to view Buyer Benefits.

The risks of buying a property at auction are the same as buying a property any other way. As a buyer you must complete your due diligence as you would with any sale, the difference with an auction, is that you will have completed these steps prior to the day of the auction. As with any sale, Slifer Smith & Frampton Real Estate recommends that you consult with legal counsel.

The bidder’s deposit is non-refundable if you are the high winning bidder. This will be stated in the Terms and Conditions of the sale which the buyer will review and sign prior to the auction. When you place a bid you are representing to Slifer Smith & Frampton and the seller that you have read and agree to be bound to the terms and conditions for this sale.

Open Houses will be held prior to the auction. These dates and times will be published on our website and on our printed advertisements.

Possession time will be specified in the sales contract which the buyer will review prior to the auction. Typically this is the same day as the closing day.

Any changes to the terms and conditions of the sale will be made as soon as possible, also they will be announced the day of the auction. Any and all announcements made the day of the auction will take precedence over any previously printed materials.

The “Buyer’s Premium” is a charge paid by the buyer at auction, which is usually based on a percentage of, and paid in addition to, the buyer’s winning bid.

We suggest that all buyers consult legal counsel when purchasing a property at auction.

The bidding increments will be determined by the auctioneer.

Buyers may place a bid in person, online or over the phone. If you will be bidding through a third party, it must be approved prior to the auction.

You will be able to review on our website, photos, virtual tour, maps and open house dates. Once you have interest in a particular property being offered at one of our auctions you may order a Property Information Package (PIP) which includes detailed information such as property disclosures, HOA documents and sample contracts.

Usually contracts are not assignable, unless allowed by the Terms and Conditions of the sale, or, if the seller agrees to the assignment prior to closing.

Yes. You should be pre-qualified by a lender if you plan to use bank financing for your purchase. However, the contract to buy the property is not contingent on the buyer obtaining financing.

Yes. The knowledge and assistance of a real estate agent is a valuable tool when preparing to buy property at an auction. An auction allows a buyer a quick and efficient process of purchasing real estate. Bidding on a property with a non-contingent contract will require a buyer to be well informed prior to the auction. A broker registration must be completed and signed by the broker and registered bidder prior to the auction if you want to be represented by a real estate broker.

Visit the auction detail page under Upcoming Auctions and click on Bid Online. Here you can click on request to bid and fill out the necessary information. You will be contacted by our Auction Team for approval.

Yes. All personal information is strictly confidential, and will not be disclosed to any third party.

You will be asked if you would like to receive information on upcoming auctions but can opt out of this type of email at any time.

Yes, just click on Bid Online on the auction property detail page.

To register to bid online for one of our auctions, you will be required to place a bidder’s deposit which is non-refundable if you are the high winning bidder. This will be stated in the Terms and Conditions of the sale which the buyer will review and sign prior to the auction. When you place a bid you are representing to Slifer Smith & Frampton and the seller that you have read and agree to be bound to the terms and conditions for this sale. If you are the winning bidder, you will also pay a “Buyer’s Premium,” a charge paid by the buyer at auction, which is usually based on a percentage of, and paid in addition to, the buyer’s winning bid.

There is no limit to the number of auctions that can be bid on at the same time, although you must register and be approved for each auction individually. Once registered you will continue to use the same user name and password for all auctions for which you have successfully registered

We do recommend you register at least three days prior to the sale. Please refer to the terms and conditions of each auction for specific details of that auction.

Click on Upcoming Auctions and go to the property you registered for. Then click on Bid Online and login with the username and password that was given to you.

No. By bidding you are representing to Slifer Smith & Frampton and the seller that you have read and agree to be bound by the terms and conditions for this sale. If you do not agree with any of the terms and conditions DO NOT BID as you will be bound by those terms and conditions.

If you will be bidding through a third party, it must be approved prior to the auction.

We recommend you start bidding as soon as the auction begins. The bid page will show the high bidder with each new bid. Refresh your bid page often to see the latest bids and remaining time.

You will be contacted by an Auction Division Representative directly following the auction by electronic mail, telephone or facsimile to provide documents for execution.

Yes. If you are a real estate broker and would like to participate in one of our auctions, please contact us to learn how you can be compensated.

Please contact us to request a Broker / Realtor Participation Agreement.

Admittance on auction day will be subject to the discretion of Slifer Smith & Frampton Real Estate Auction Division.

Yes.

Yes. We cooperate with licensed real estate brokers whether they represent a seller or a buyer. Please contact us for details.