The owner inherited the property, no longer wanted to manage the property, and had their note comingdue.
They needed to sell instead of refinancing due to the interest rate environment.
ECR took these points into consideration and recommended that the Seller consider taking the property to auction.
Throughout the auction process, ECR worked with the auction company to market the property in an effort to help find the best buyer, whether it be at auction or not.
ECR maintained contact with all leads and registered8 fully approved and qualified bidders to bid at auction.
The property received multiple offers during the auction process.
I hired ECR to assist me with the sale of my office building through the Ten-X online commercial real estate auction platform. As the executor of the estate, I was given the responsibility of selling the office building as quickly as possible and for as much as the market would pay at the time. ECR prepared the market and property analysis needed so that the building could get approved for auction. Once approved for auction, ECR assisted with inspections, showings and following up on all leads. The days leading up to the auction, I brainstormed with ECR to go over different auction day scenarios and what would be the best course of action. I accepted a bid at auction. The contract was As-Is, Where-Is with No Contingencies. We closed the transaction 30 days later. I am truly appreciative to ECR for helping me achieve a smooth and successful auction sale.
Owner/Executor of Estate
The seller successfully sold the property at auctionwith no contingencies and a 30-day close.