WHY A REAL ESTATE AUCTION? | Walker Commercial Services

A real estate auction can be an effective way to generate interest and help sell a property at maximum value. Auctions offer an accelerated process through open bidding often on site in what some call an intense selling event.

Why Auction?

Commercial property auctions are a prime opportunity for buyers and sellers because of the great exposure of a real estate auction.

Why should you consider a property auction?

Auctions can reduce the amount of time a property is on the market
Auctions create buyer competition and excitement
Auctions can result in quick closings from quality buyers
Auctions are ideal for estate and surplus properties
Auctions can refresh a listing that’s stagnated using a traditional sales approach
Auctions can eliminate long negotiation processes with an immediate sale

Benefits of a Real Estate Auction

Real estate auctions are beneficial to buyers, sellers, and agents. It’s a property sales situation that can help all parties involved; that’s one of the reasons Walker Commercial Services offers this opportunity throughout the Roanoke Valley.

Auction Buyer Benefits:

Get a smart investment at fair market value
No negotiations; you know the seller wants to sell
Buyer determines price they are willing to pay
Set purchase and closing dates
Due diligence packets provide plenty of property information

Auction Seller Benefits:

Buyers come prepared to purchase
No negotiations; you know the buyer is serious
Quick property disposal reduces long-term costs, including maintenance and taxes
Exposure to a large number of potential buyers
Ensures an aggressive marketing program to generate interest

Auction Agent Benefits:

Generates a list of prepared and qualified buyers
Properties are sold quickly
Commissions can be generated from auction sales
Auctions help generate interest for other listings
Referrals and return business

How a Property Auction Works

A property auction is a three-step process. Walker Commercial Services has an app to facilitate bidding and make it a more seamless, contactless, and easy experience. You can download the app from the Apple or Google Play stores. Search for Walker Commercial Services.

A property auction gets underway with bidding. It’s important to read contracts and terms and conditions before placing a bid. The auctioneer will control bidding and has final say in the process.

Generally, the winning bidder places a down payment of 5% or 10% of the high bid, subject to a minimum that must be paid by cash or check.

Finally, closing on auctions is within 30 days of acceptance unless noted otherwise. Access to the property occurs after closing.

Upcoming Commercial Auctions

View upcoming auctions or download our app to keep up with the auction schedule and news, or bid from anywhere.

At Walker Commercial Services, we are firmly committed to the privacy of our clients and website visitors. This privacy policy is intended to provide visitors with an understanding of our website information gathering practices. This policy is applicable to www.walkercommercialservices.com and affiliate operated websites.

Collection of Information

Walker Commercial Services does not collect any personally identifiable information from visitors to its website unless such information has been voluntarily provided by the visitor. We may also collect your name and e-mail address if you send us electronic mail from one of the locations where that is an option.

In addition to the above, we also automatically collect the IP address, type of browser and operating system of our visitors. This process, however, does not extract any personally identifiable information. Therefore, no personally identifiable information is collected from you unless you knowingly provide it.

Use of Information

Walker Commercial Services uses the information it collects to measure the effectiveness of our website and the satisfaction of our visitors. We may also send to visitors who have supplied personal information, via regular mail or electronic mail, general information about the firm, descriptions of services and/or periodic publications. We will remove you from our mailing list upon your request.

Disclosure of Information

Under no circumstances will Walker Commercial Services sell or disclose any of the information collected, whether automatically or voluntarily provided, to any party not directly affiliated with Walker Commercial Services.

Site Links

Our site contains many links to other non-firm websites we believe may be of interest to our visitors. These links are provided to you only as a convenience. Walker Commercial Services is not responsible for the privacy practices or the content of any of those sites. Walker Commercial Services reserves the right to change this privacy policy at any time by posting a new policy at this location.

If you have any questions regarding our privacy policy or practices, please contact us.

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Equipment Appraisals

We work directly with Truist Bank, Atlantic Union Bank, and Trust and Wells Fargo Bank. We also do work for Bankruptcy Trustees and work with the Bankruptcy Court of the Western District of the Commonwealth of Virginia.

Additionally, we complete Equipment Appraisals for Bankruptcy Trustees, and work with the Bankruptcy Court of the Western District of the Commonwealth of Virginia, divorce Attorneys and individual companies.

Types of Appraisals Conducted

Fair Market Value
Market Fair Value is a general concept defined as an opinion of the most probable buy-sell price; the probable amount of money a buyer would pay and a seller would accept for an item of property under specific conditions relating to the assignment.

Liquidation (Orderly) Value
Liquidation Value is most often considered to be the value-in-place of property from a failed business that is scheduled to be sold intact as of a specific date within a limited time frame, in order to satisfy creditors. But for personal property, Liquidation Value represents the amount of money that would typically be obtained when converting any property to cash for any reason within a defined time period.

Forced Liquidation Value
Forced Liquidation Value for personal property, the most likely amount (expressed in terms of money) an item would obtain by a seller who, because of a sense of immediacy, is under compulsion to exchange the property for cash within a Market which may or may not be the most appropriate Market (i.e., the most lucrative Market), within a less-than-optimal marketing time, and with a less-than-optimal Marketing effort. Forced Liquidation assumes a Wholesale Market in which wholesale purchasers participate.

Replacement Value (New)
Replacement Value (New) is the worth of a property, based on the amount necessary for the buyer to obtain (through purchase) a NEW item of like kind, quantity and utility or with a NEW upgraded item. Replacement Costs (New) applies to depreciable property for which the exact or suitably-acceptable new substitutes can be obtained, such as common furniture and household goods. Note that Replacement Costs (New) considers that items may be upgraded to the latest model or style.

Commercial Real Estate Valuations

As an owner of a commercial real estate property or an investor looking to purchase commercial real estate, the bottom line in your decisions is critical in the return on the perceived profit or investment that a deal can bring to you.

A Broker Price Opinion (BPO) estimates the value of a property and is performed by a real estate broker. A BPO is often ordered to estimate property value before a listing of property or a sale of the property, primarily on REO (bank owned properties) or properties owned by individuals. BPOs are typically not conducted by certified real estate appraisers due to appraiser licensing requirements. Walker Commercial Services, Inc. are not certified real estate appraisers.

You should know the fair market value of a commercial property when agreeing to list the property for sale or when agreed to purchasing the property. You must remain dependent upon important commercial real estate valuation methods, whether you are an experienced professional or an aspiring investor.

In conducting a BPO, broker uses a similar format to those of appraisers.

Sales Comparison Approach and the Income Approach:

Sales Approach
This is a very popular valuation method adopted by commercial real estate brokers. It considers prices of comparable properties recently sold in the area to arrive at the value of the property.

Income Approach
This valuation method adopted by broker when finding the value of a commercial real estate. As an owner or investor, your goal is to find out whether the project would give profits on investment or not. This method calculates the net operating income (NOI) and the rate of return/capitalization rate (CAP Rate).

About Us

Walker Commercial Services | Commercial Real Estate & Auctions

Walker way
Walker Commercial Services lists & sells Real Estate properties for Banks, Corporate Clients, Attorneys, and the U.S. Bankruptcy Court of the Western District of Virginia. Walker Commercial is properly Bonded, Insured and Licensed to conduct Real Estate Sales and Auctions throughout the entire Mid-Atlantic Region. In an average year, Walker Commercial Services, sells between 100 to 150 pieces of Real Estate along with conducting 40 to 60 Real Estate Auctions.

Clientele
In selecting an Auction Company for a future alliance, it is important to consider several factors. Our successful track record, satisfied clients, and excellent references confirm the abilities of a knowledgeable, thorough staff of professionals. We serve clients throughout the Mid-Atlantic and our customer satisfaction has been built upon well-informed market information resulting in successful transactions for both sellers and buyers.

Solutions
Walker Commercial offers a full spectrum of brokerage services from multi-family portfolios to large land tracts, no matter how underperforming or distressed the asset is. The Auction Method is used in selling Real Estate to create a level of interest and sense of immediacy that is unparalleled by other methods. The Auction Method presents a decision-making deadline to the buyer, as opposed to the open-ended process of the conventional listing of property. Whether you have a property you want buy or sell, we can help. With more than 20 years of experience and results, we can help maximize your commercial real estate potential

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Walker Commercial Services

101 Albemarle Avenue SE
Roanoke, VA 24013

Call Us: (540) 344-6160

Send Us An Email: info@walkercommercialservices.com

Walker Commercial Services | Commercial Real Estate & Auctions

Walker Commercial Services is one of the most trusted and reputable commercial real estate and asset liquidation firms in the Mid-Atlantic region. Located in Roanoke, Virginia, we offer a full spectrum of brokerage services from multi-family portfolios to large land tracts, no matter how underperforming or distressed the asset is.

Commercial Real Estate

A successful commercial real estate investment or sale starts with maximizing the value of that property. Our team has a successful track record for sales, by producing results and maximizing value for commercial real estate clients for more than 20 years.

For commercial real estate sellers, that starts with a Broker Price Opinion that estimates the value of the real estate and comparison of sales versus income approaches. Our team will help create a custom asset-specific sale program to help you get the most return and highest value for your real estate.

For commercial real estate buyers, we can help you understand fair market values of properties whether you are looking to grow or expand your business or simply add to your investment portfolio.

Property Auctions

Property auctions are a proven way to generate interest in commercial and industrial real estate with a sense of urgency.

Walker Commercial conducts public “Live Auctions” on location, as well as consignment equipment auctions at a secure equipment lot in Roanoke, Virginia. In addition to live auction bidding, we can simultaneously host online real-estate auctions across multiple digital platforms.

Commercial property auctions are a prime opportunity for buyers and sellers because of the great exposure of a real estate auction. Click here for why you should consider a property auction.

Let’s Talk About Your Commercial Real Estate Needs

Whether you have a property you want buy or sell, we can help. With more than 20 years of experience and results, we can help maximize your commercial real estate potential. Click here to contact us today!