Real Estate Auction Services

• How to Buy at Auction
• How to Sell at Auction

Our Commitment is strong and simple: to do all we can do to help our clients meet their needs on a fair and timely basis, and that the job is done with superior standards.

Paul E. Saperstein Co. has served the auction industry for over 57 years. From the moment that we are engaged to handle your real estate auction, we assume complete management and administrative responsibility to ensure prompt and efficient processing of each property on an individual basis. As experts in the field we provide our clients and customers with solutions and assistance on a case by case basis meeting specific needs. We handle the scheduling of the sale, create a marketing plan, compile all of the pertinent information relating to the property, and generate maximum exposure to sell the property to third parties. PESCO has a competitive fee structure. For those looking for the highest level of expertise and professionalism in the industry look no further.

Types of auctions we conduct:

• Condominium Lien Auctions
• Individual Owner’s Auctions
• Partnership Dissolutions
• Corporate Auctions

Types of properties we handle:

• Residential Homes
• Commercial Real Estate
• Industrial Facilities
• Land Parcels

How to Buy Real Estate at Auction

Thank you for visiting our website and inquiring about our Real Estate Auctions.

• Unless otherwise noted all auctions take place on the premises (in front of the property).
• Do your own due diligence. Normally attorneys bring information such as Municipal Lien Certificates (taxes), but it not their responsibility and no representations are made with any information provided.
• Find out as much as you can about the property. Call or visit the town/city hall in which the property is located. Find out what is owed to the town/city in real estate taxes, water and sewer charges. Helpful Departments in your search would be the Assessors Department, the Collector of Taxes and the Water Department.
• Before you determine whether the subject is something you may want to purchase, drive by the property. View the subject the best you can.
• Be aware most of the time we do not have access to the inside of the property, unless otherwise stated, therefore you are bidding on the property as is. If there is a scheduled inspection of the property it will be included in the advertising. Take advantage of this opportunity.
• Always take note of the required deposit and the acceptable terms.
• Have the certified funds made out to yourself unless otherwise stated.
• There are no exceptions to the required deposit so make sure you have the correct amount in cash, certified funds, bank treasurer’s check or cashier’s check. If you are the successful bidder at the auction you will be required to immediately endorse the check that will serve as a deposit, and sign the Purchase and Sale Agreement.
• The “Terms of Sale” along with deposit information will also state how many days you have to close on the property.

To find out more about our professional services or to request further information please contact Samantha Saperstein at ssaperstein@pesco.com.

How to Sell Real Estate at Auction

Thank you for visiting our website and inquiring about our Real Estate Auctions.

PESCO Advantage – Our highly experienced professionals have been conducting every type of real estate auction for over 57 years. From single family homes, condominiums, commercial properties, land parcels and everything in between.

Why Auction

• Auction properties sell “as is, where is” in a timely manner with minimal contingencies.
• Auctions create competition among buyers and have a cutoff date. This creates a deadline and urgency for buyers. You don’t have to wait while the property sits on the market. Auctions bring interested buyers to the point of decision.
• Selling at Auction is cost efficient. We can create a marketing plan to suite your needs. Auctions can also help eliminate high seller carrying costs such as interest, taxes and maintenance.
• Sellers can choose the date you want the sale and set the terms and conditions of the sale while eliminating the negotiated sales process.

To find out more about our professional services or to request further information please contact Samantha Saperstein at ssaperstein@pesco.com.