1. What types of property does SageListings auction?
SageListings specializes in all types of commercial property and land. This includes raw land, development land, entitled land, apartments, office, industrial, retail, shopping centers, hospitality and specialty purpose property. Our only exclusion is single family residential and personal property.

2. How long does it take to market my property and conduct the auction?
A SageListings marketing campaign is most effective over a 75-day period culminating with the auction. However, we tailor our marketing program to each property and situation. In addition, we offer 30 and 60 day marketing programs, if necessary or deemed beneficial for you.

3. How will my property be marketed?
Our experienced auction marketers strive to produce effective and results-oriented marketing campaigns for every auction. Each campaign incorporates print advertising on a local, regional, national and international level, as well as targeted Internet advertising, virtual tours, email and direct mail campaigns and extensive public relations exposure. By utilizing premier brokerage and business partners, creative in-house production capabilities and proprietary methods of targeting investors based on their buying criteria, we can execute the most focused advertising campaign for every auction.

4. What is the Closing procedure?
The time between the Auction End Date and the closing of the sale of the property (called the "Closing") is typically 30 days. Once you have selected and notified the winning bidder, you and the Buyer will typically have 3-5 business days to deposit a fully-executed Purchase and Sale Agreement with the escrow agent assigned to the auction. At that time, the Buyer will also be required to make an additional deposit. On the Closing Date, you will be required to execute several other documents, such as a deed, bill of sale and assignment, if applicable, to transfer title to the property to the Buyer. The actual Closing will be conducted through an escrow, and a title company will issue an owner policy of title insurance to the Buyer insuring title to the property, subject to permitted encumbrances that were approved by the Buyer prior to the Auction End Date. Please see an auction listings' Property Profile page and the Auction Bid Form/Terms and Conditions of Sale and Purchase and Sale Agreement available on that page for further details on the transfer of title to the property and closing costs. SageListings generally follows local custom and practice as to the allocation of closing costs.

5. Can I sell my property without contingencies?
Yes. SageListings offers all properties "as-is" and without any contingencies.

6. What are the different types of online auctions offered by SageListings?
All auctions on SageListings.com (the "Website") begin in a "Sealed Bid" format. This means that the initial bids submitted are undisclosed to the public and are not displayed on the Website. However, if there are at least one or more bids that are within 2% to 5% (depending on property size, demand and type) of the highest bid received, SageListings will initiate a new bidding round. At the end of each round, the highest bid will be published on the Website. Additional bidding rounds will continue to occur until no bids are received that are within 2% to 5% (depending on property size, demand and type) of the highest bid for your property. Please see an auction listings' Property Profile page and the Auction Bid Form/Terms and Conditions of Sale available on that page for further details.

You may elect to auction your property in a "Reserve" or "Absolute" auction. In a Reserve Auction, our expert advisory team will collaborate with you to determine the reserve price, or the minimum price at which you will sell your property. If the auction bidding does not reach the minimum reserve price, then you will have no obligation to sell your property. A reserve auction allows you the comfort of a minimum sale price combined with the opportunity of highly competitive bidding.

In an Absolute Auction, the property is sold to the highest bidder for the highest price. There is no minimum reserve price. This method usually produces more interest, more bids and more money than a Reserve Auction, as Buyer's perceive an Absolute Auction as a one chance, one time opportunity.

7. What if the highest bid is not satisfactory to me?
If you select a Reserve Auction and none of the bids meet the minimum reserve price, then you, in your sole discretion, can elect to sell or not sell your property. If the minimum reserve price is met, or if you elect to auction your property in an Absolute Auction, your property will be sold to the highest bidder.

8. How is the "highest bid" or "winning bid" determined?
Generally, the "highest bid" is the bid at the highest, all cash, dollar amount, without any contingencies, such as a financing contingency. In other words a high bid of $100,000, subject to a financing contingency, or subject to certain post closing obligations of the seller may not be as attractive as a $90,000 all cash, no contingency, bid. The highest bid or the "winning bid" is selected by you and SageListings taking into account all contingencies.

9. Do I need a lawyer?
SageListings has prepared various standard form documents that you can use for the sale of your property. We are not lawyers and we do not offer legal advice. We are happy to work with your attorney and have them review all documents prior to the property being posted on the Website. In our experience, standard form documents are more readily accepted by buyers at an auction and our documents have been prepared to eliminate the need for negotiation or contingencies at the auction.

10. Will I know what the likely sales price will be before the auction?
SageListings professionals are well-trained, licensed real estate brokers who collaborate with local research professionals to complete an exhaustive analysis of your property prior to the auction. Together with our marketing team and local experts, an auction sales range for your property is determined.

11. If I am using a broker I like, but I am not getting the results I need, what do you suggest I do?
While we generally work as your exclusive broker, we welcome and partner up with many brokers. Because most of our sales combine the efforts of a local broker with our marketing campaign, we analyze each potential sale individually and work with you to make decisions such as how involved your current broker should be.

12. If a broker brings a Buyer to the auction, how are they compensated?
A Buyer's broker will be compensated for bringing a successful Buyer to an auction as long as that broker downloads and signs the Broker Registrations Form. This is located on the Property Detail page under "Documents" for a specific auction event. The bidder will also be required to sign the Broker Registration Form to confirm the Broker representation. SageListings cooperates with all reputable brokers and pays the broker commission through the Closing.

13. Where will the auction be held?
All of our auctions are conducted online on the Website. For purposes of applicable law, each auction is deemed to take place in the state where the listed property is located.

14. Do Buyers feel comfortable purchasing something as significant as real estate over the Internet?
Yes! People have been selling commercial real estate and land online for over 10 years now with great success. In our experience, well established auction websites, combined with a growing acceptance of technology, have made real estate buyers feel much more comfortable with the process of online bidding and making major purchases over the Internet. Our experienced and knowledgeable auction managers are available over the phone or via email to guide prospective buyers through the auction process and answer any questions they may have about the listed property. Detailed documents, disclosures and other information on each listed property are available on the Website for interested buyers to download, in order for them to conduct their due diligence.