Commercial Real Estate Auctions

Exploring Commercial Real Estate Auction Types in Illinois with CRER

Are you considering purchasing or selling commercial real estate in Illinois? Auctions can be a highly effective method for both buyers and sellers to engage in transparent and efficient transactions. In this section, you can explore the different auction types prevalent in Illinois, providing you with valuable insights to make informed decisions.

Commercial Real Estate Auction Types

At CRER - Chicago Real Estate Resources, Inc., we specialize in navigating the commercial real estate auction landscape. Our experienced team can guide you through the intricacies of each auction type, ensuring a seamless and successful transaction. Contact us today to learn more about our auction services and how we can assist you in maximizing your real estate investment opportunities.

Sealed Bid Auctions

Sealed bid auctions offer a unique approach to commercial real estate transactions, emphasizing confidentiality and competitive pricing. In this auction type:

Sealed Bidding

Interested buyers submit confidential bids within a specified timeframe.

Urgency

Bidders are unaware of competing offers, creating a sense of urgency and promoting competitive pricing.

Acceptance

The seller reviews all submitted bids and selects the highest or most favorable offer.

Wondering if this type of an auction is right for your situation?
Inquire with a CRER Advisor today!
CRER Broker

Ashley Dillard, CCIM
CRER Senior Director
Auction Specialist

Contact Ashley

Online Auctions

In today's digital age, online auctions have gained popularity for their convenience and accessibility.
These auctions take place entirely over the internet, offering the following advantages:

Wide Reach

Online auctions eliminate geographical barriers, enabling participation from buyers across the globe, expanding the potential buyer pool.

Flexibility

Bid from the comfort of your own location, saving time and resources associated with traveling to physical auction sites.

Extended Bidding Periods

Online auctions often provide extended bidding periods, allowing participants more time to consider their bids and make informed decisions.

Wondering if this type of an auction is right for your situation?
Inquire with a CRER Advisor today!
CRER Broker

Ashley Dillard, CCIM
CRER Senior Director
Auction Specialist

Contact Ashley

Live Auctions

Live auctions are a traditional and dynamic approach to buying and selling commercial real estate.
They are typically held at a physical location, where interested buyers gather to bid on properties. Live auctions offer the following benefits:

Competitive Bidding

Experience the thrill of competitive bidding, as potential buyers place increasingly higher bids to secure the property.

Transparency

Live auctions promote transparency, as buyers can witness the bidding process firsthand, ensuring fair play and equal opportunities.

Efficient Transactions

With predetermined sale dates and streamlined procedures, live auctions expedite the sale process, allowing buyers to close deals quickly.

Wondering if this type of an auction is right for your situation?
Inquire with a CRER Advisor today!
CRER Broker

Ashley Dillard, CCIM
CRER Senior Director
Auction Specialist

Contact Ashley

Work With CRER

Understanding the various auction types prevalent in Illinois is crucial when engaging in commercial real estate transactions. Live auctions, online auctions and sealed bid auctions each offer unique advantages, empowering buyers and sellers to achieve their real estate goals effectively.

Contact Us

Chicago Real Estate Resources, Inc.
800 W. Diversey Pkwy. #300
Chicago, IL 60614
773-327-9300
info@CRER.com

About CRER

CRER (Chicago Real Estate Resources Inc.) is a full-service, commercial real estate firm devoted to providing exceptional service for your every real estate need. Whether it is commercial and investment property sales, leasing, tenant representation, property management or receivership services; we are here to assist you around the clock.
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