Frequently Asked Questions About Online Auctions

• Online auctions accelerate the sales process and allow the Seller to control the timeframe of their sale. Sellers are in control of all terms of their timed online auction such as the date, time, deposits, closing – possession date, etc.
• An online auction puts a time limit on the process.  You know exactly when the money will be in your bank.
• There is no better way to determine the highest market value than through an online auction inclusive of all interested Buyers. Online auctions eliminate the difficulty of setting a list price.
• Online auctions can generate a higher return because Buyer emotions take over. Two or three Buyers might compete for a property and will pay a premium, to prevent someone else, perhaps a competitive farmer, neighbour or developer, from buying the property.
• Online auctions let the Buyers decide whose name is going on the title.
• With many properties especially rural properties, the Seller often has several neighbours who would like to buy the property and the Seller does not want to choose which neighbour gets to buy the property nor do they want to offend their other neighbours.
• Buyers are pre-qualified for timed online auctions as they have done their due diligence on the property and thus, have already taken mental ownership to some extent. Buyers are prepared with what they can spend but often are not willing to “lose” the property over just one more bid. Buyers know the property is selling that day and there are no chances to buy it tomorrow.
• Online auction provide Buyers ‘anonymity and the chance to bid in privacy wherever they may be in the world with internet connection.

• Professional REALTORS® with over 27 years of experience selling Real Estate in Alberta
• A track record of professionalism, integrity, and top producer status
• Commitment to handle the entire online auction process marketing, paperwork, bidding platform with FRE.com
• Exposure on the #1 real estate website in the world – MLS Listing Service – Realtor.ca plus dozens more
• Proven customized marketing plans to maximize exposure
• We will utilize our experience, knowledge, and FRE.com to bring top dollar for every property.
• Professional REALTORS® with over 27 years of experience selling Real Estate in Alberta
• A track record of professionalism, integrity, and top producer status
• Commitment to handle the entire online auction process marketing, paperwork, bidding platform with FRE.com
• Exposure on the #1 real estate website in the world – MLS Listing Service – Realtor.ca plus dozens more
• Proven customized marketing plans to maximize exposure
• We will utilize our experience, knowledge, and FRE.com to bring top dollar for every property.

SMITH & GRIFFITH works in conjunction with FRE.COM to allow Buyers to participate in our online auctions in real-time from anywhere in the world.  Bidders can watch bids live when they are logged in.

Contact our team via phone, email or social media. We will schedule an initial meeting to explain our approach and determine the best strategy to ensure your real estate goals are reached. Once we have determined that online auction is the best strategy for your property, we will have our partner FRE.COM set up a three way meeting to discuss the process. Call 403-350-7815 to connect with Rees Smith or call 403-803-3299 to connect with Kari Griffith. Get the Smith & Griffith Real Estate Team With CIR Realty working with you!

As licensed REALTORS® in Alberta, we will show the property to all interested bidders by appointment through scheduled viewing days. The Seller is not required to show the property to any potential bidders. If a bidder is not available for an in-person showing, we have excellent still and drone as well as videography that we use to showcase the property.

When settling an estate, this is a fair way to establish a price if any of the beneficiaries would like to bid on the property.  In addition, it has a finite marketing and sale period. The beneficiaries have a set date of completion and closure.

Bidder names are not publicized during nor after the online auction.  Likewise, the Seller is only aware of the successful bidder’s name with the purchase contracts and will not know the names of the unsuccessful bidders nor their level of bids.