Q: When will AuctionPoint2014 (AP) take place?
A: The full list of commercial properties to be auctioned through AP will be released in March 2014. To be notified by email when this list is released, please click "Notify Me" on our home page. Online bidding for these properties will take place in May 2014.
Q: What is the difference between AuctionPoint2014 and other real estate auctions?
A: The main benefits of AP, compared to other auctions, are: (1) AP pays for national and local marketing and (2) AP charges the lowest Buyer's Premium in the industry (2.5%).
Q: Who runs AuctionPoint2014?
A: AP is the only large-scale national CRE auction event organized by brokers, for brokers in a collaborative environment. The AP Event Committee consists of executives from the top commercial real estate brokerage firms around the country, and the online auctions are run through AuctionPoint the nation's leading broker-centric auction platform.
Q: How much does it cost to participate in AuctionPoint2014?
A: AuctionPoint2014 is one of the most cost-effective ways to accelerate property sales, and the value received from the marketing we provide alone far exceeds the setup costs. The setup fee is just $395 per auction. The auction deposit (typically posted by the Seller) is $1,200 and is fully refunded by AuctionPoint at the close of escrow. AuctionPoint collects a 2.5% buyer’s premium (subject to a $5,000 minimum) from the winning bidder at the close of escrow. The existing commission structure between the listing broker and seller remains unchanged.