Real Estate Auctions Limited
Real Estate Auctions Limited (REAL), a full-service provider – from audit to asset management to auction – offering buildings and properties for sale throughout Canada for over 40 years. We work with financial institutions, legal firms, trustees, and government agencies looking to sell with a structured time approach, with less carrying cost and increased market value. Our process varies on a project by project basis, and may include a traditional asset audit, and/or a complete audit of property, plant, and equipment.
As a leader in the auction industry, we are able to generate maximum interest and efficiently sell all types of real estate, from major industrial buildings in urban centers to vacant lands in rural communities, and everything in between. We do this through our proven, standardized process which employs a non-traditional approach to marketing and sales.
Government Agencies
Legal Firms
Financial Institutions
Government Agencies
How We Maximize Property Sales
Our team of experts will conduct a thorough overview with property management and appraisals to produce a Property Information Package (PIP). This package is produced based on the client’s portfolio and goal – liquidation of one or two buildings in a timely manner with a traditional assets audit or uncovering machinery’s worth within facilities complex operations.
In cases where the removal and transportation of equipment is undesired, cost-ineffective, or permanently closure of a location, then a complete in-depth audit of the property, plant, and equipment is best to provide the most thorough and accurate picture. A complete asset audit is necessary in advance of establishing strategy and pricing and designing a buying environment to maximize proceeds.
We then design a detailed marketing plan that includes a minimum starting bid. The Property Information Package (PIP) is subsequently distributed to our network of interested Purchasers and upon qualification, we can arrange initial inspections and tours of the property with prospective buyers. On the day of the sale, these prospective buyers are registered, their deposits are accepted, and the auction begins.
Our process and it’s success in achieving consistent results for our clients is due to the experience and expertise of our team members. Our advisors have deep track records in both marketing and selling real estate, as well as strong educational backgrounds in urban planning, law, and business, giving us our competitive advantage. Paired with our operational procedures and decades of experience of conducting real estate auctions as a firm, we are able to unlock value and liquidity in almost any circumstance.
Buying & Selling Real Estate is Often:
- Passive, with limited awareness to surrounding areas
- Done behind closed doors – buyers unable to know where their offer stands in relation to others
- Completed with no clear starting dates
- Usually listed above a reasonable price, forcing price reductions & weak buying environment.
TCL Advantage:
- Global exposure to qualified buyers to increase values
- Qualified & professional appraisers on-staff
- Transparent auction process to ethically encourage higher bidding
- End-to-end Project Management
- Strategic pricing & auction design to create a buying environment
Our Philosophy
Revolving around mastering the basic fundamentals of marketing, promotion, and selling. We do this by managing and optimizing each stage of the project – from audit to asset management to auction – in order to maximize results; which all begins with the initial asset audit or an in-depth audit of property, plant, and equipment.
From a high-level view, our strategic approach involves leveraging direct marketing with high-impact advertising and outreach concentrated on a pool of known prospective purchasers, such as investors, developers, speculators, and end-users. While this may seem simple, it can cause sizeable differences in the end results when executed properly.
Structured over a 4-to-6 week period, interested Buyers are provided with a detailed PIP, qualifying them and giving them the information they need to make an informed decision. Due diligence is performed by the purchaser before the auction takes place, accelerating the closing period and significantly increasing the chances the deal will close on time.
We provide purchasers with the advantage of competitive bidding under a specific time structure. And by providing an interactive format, qualified purchasers are directly involved in the outcome of the sale.
Not only does this create a fair and transparent environment, but purchasers bidding against each other at the same time – and aware that the property will sell within seconds – feel a sense of urgency, which ultimately stimulates interest and ethically increases the selling price.