What is a reserve price?+
The reserve price is the minimum amount you're willing to accept. If bidding doesn't reach this number, you're not obligated to sell.
Does the reserve price include commissions?+
Yes. Your reserve should include a 2% listing commission and, if applicable, a 1% buyer's agent commission.
Who pays the auction fees and closing costs?+
The buyer pays a buyer's premium, which covers all auction fees and your closing costs.
What happens if the reserve price isn't met?+
You retain full control. If the reserve isn't met, you don't have to sell, with no cost to you.
How long does the process take?+
The marketing and auction campaign runs for 21 days. Closing typically occurs within 7–14 days after auction if the home is vacant and title is ready.
What if the property is occupied?+
You'll set your preferred move-out timeline, not to exceed 45 days after the auction ends.
Where does the closing happen?+
At a title company of your choosing, unless the buyer prefers another location (since they're covering title and closing fees).
Can we start the title search early?+
Yes. We can initiate the title search before the auction begins, and you'll be reimbursed at closing.
Is this like a traditional sale?+
Yes — but faster, with more transparency, and no upfront costs to you.
Do I need to stage or show the property?+
No. Auctions rely on digital marketing and competitive urgency, not traditional showings.
Can I set terms for the sale?+
Absolutely. You control the reserve price, preferred title company, and any disclosures.
What kind of properties work best for auction?+
Homes with unique features, expired listings, or sellers looking for a fast, no-hassle sale.
Is there a contract or commitment?+
Yes — a listing agreement with Erin Catron & Company Real Estate (ECC), typically for 60 or 90 days depending on your needs.
Why work with Erin Catron & Company Real Estate (ECC)?+
ECC is your listing agent and strategic partner. We handle logistics, coordinate with the auction company, and ensure your property is marketed efficiently.
Who will I be working with during the sale?+
You'll work directly with ECC — we manage everything from listing setup to closing coordination. We're in the mix every step of the way.