FAQ

FREQUENTLY ASKED QUESTONS.

BUYER

WILL I BE ABLE TO SEE AND INSPECT THE PROPERTY?

Properties are available throughout the exposure period for potential bidders to preview and conduct inspections. Diligence is encouraged as all sales are “asis,” without contingencies. Terms and Conditions of Sale, Purchase Contract, and property documents are available on each property’s page on ConciergeAuctions.com.

DO YOU ACCEPT PRE-AUCTION OFFERS?

Yes. All offers received prior to auction are presented to the seller for consideration.

WHERE DOES THE AUCTION TAKE PLACE?

Bidders can participate in our auctions in from anywhere in the world. The auctions are conducted on our digital bidding marketplace, ConciergeAuctions.com. Bidders may also place bids over the phone with a dedicated bidder’s assistant.

I AM READY TO REGISTER TO BID. NOW WHAT?

You may register to bid via our online marketplace at ConciergeAuctions.com. Or, call us for personal service.

Our registration process has three steps:

1. Complete the Terms and Conditions of Sale. 2. Wire your Bidder Deposit, typically $100,000, which is credited towards your purchase if you are the winning bidder or is returned if you are not. 3. Provide a letter of reference from your bank or financial institution.

SELLER

HOW DOES THE AUCTION PROCESS WORK?

In conjunction with your agent, we showcase your property to targeted members of our global database of more than 730,000 individuals, including our Private Client Group of high-net-worth buyers, agents, and industry experts. The process typically results in 200–400 prospects, 25+ showings, and 3–7 qualified buyers competing for your property. Before the auction opens, you can decide whether to move forward after reviewing the field of bidders and their opening bids.

AREN’T AUCTIONS ONLY FOR DISTRESSED PROPERTIES?

No. Our typical seller is well capitalized. They choose auction to control the timing of their sale.

WHAT AUCTION FORMATS DO YOU USE?

We use two auction formats. 1) No Reserve: There is no minimum bid to purchase. 2) Reserve: Will sell at or above a pre-determined price threshold.

WHAT DOES IT COST? HOW DO YOU GET PAID?

We do not charge any fees to sellers. Our fee comes from a premium paid by the buyer. Sellers pay agent commissions as outlined in their listing agreement.

I AM READY TO AUCTION MY PROPERTY. NOW WHAT?

AGENT

WHAT HAPPENS TO THE LISTING AGREEMENT IF MY CLIENT CHOOSES TO AUCTION?

Your listing agreement remains 100% intact.

CAN I SPEAK WITH OTHER AGENTS WHO HAVE PARTICIPATED IN YOUR AUCTIONS?

Certainly. Visit ConciergeAuctions.com/Agents to see a list of agents with whom we have worked.

HOW CAN AGENTS EARN MONEY WITH CONCIERGE AUCTIONS?

There are five ways: Represent a seller. Represent a winning bidder. Refer a new listing agent. Receive seller or buyer referrals from Concierge Auctions. For more information visit ConciergeAuctionsReferral.com.

CAN I REPRESENT A BIDDER FOR AN AUCTION IN A LOCATION IN WHICH I AM NOT LICENSED?

Yes. If your bidder wins the auction, you will be paid the co-brokerage commission as a referral fee.

Learn more at: ConciergeAuctions.com/FAQ

Concierge Auctions, LLC (“Concierge”) is an auctioneer. Concierge’s principal address is 800 Brazos Street, Suite 220, Austin, TX 78701 and its phone number is (212) 202-2940. If required Concierge (or its representative) is licensed and/or bonded in the state where the property to be auctioned is located. Our licenses and bond information for Wyoming is: Concierge Auctions, LLC (#190600), Broker Chad Roffers (#12624), and Broker Tony R. Young (#RE-15856). Our licenses and bond information for Colorado is: Concierge Auctions, LLC (#EC.100032451), and Broker Chad Aron Roffers (#ER.100074545). Our licenses and bond information for Hawaii is: Concierge International Real Estate, inc. (#RB-23427), and Broker Tony R. Young (#RB-23428). These properties are listed for sale by Julia Napua Fetzer (RB-21938) and Sean F. Ginella (RS-62324) of Hawaii Life (RB-19928)(“Listing Agent”) – 5-4280 Kuhio Hwy #G203 Princeville, HI 96722; (800) 370-3848; Roopali Rajpal (#5002442) of Sutton Group Realty Systems Inc. (“Listing Agent”) – 2186 Bloor St West, Toronto ON M6S 1N3; 416-762-4200; Mariana Cowan (RW-1101799) and Ian Smith (RW-1109069) of the Cowan-Smith Team at Coldwell Banker Supercity Realty (#1230688)(“Listing Agent”) – 128 Chain Lake Drive, Halifax NS B3S 1A2; 902-450-5752; Beverley Ann Rosen (#03551820131) of Lake Como Properties (#320921) (“Listing Agent”) – Via Belvedere 6, Muronico, Dizzasco, 22020 Como, Italia; +39 348 4108544; Kellie Geitner (#406702) of Martha Turner Sotheby’s International Realty (#307280) (“Listing Agent”) – 1717 W Loop S Suite 1700, Houston, TX 77027; (713) 520-1981; Pasquale Guadagno (#1863247) of Burke & Manna Real Estate Agency (#0900976) (“Listing Agent”) – 3408A Sunset Avenue, Ocean, NJ 07712; (732) 455-5420; Navona Neel Hart (#0225076822) of Real Living Cornerstone (#0226018811) (“Listing Agent”) – 238 North Main Street, Farmville, VA 23901; (434) 395-1225; Jami L. Kessner (#14170), Kaycee J. Rader (#13519), and Elizabeth A. Dearcorn (#14866) of ERA Carroll Realty Co., Inc. (#57000) (“Listing Agent”) – 306 N. Main Street, Sheridan, WY 82801; (307) 672-8911; Chat Wynne (#603090) of Compass RE Texas, LLC (#9006927) (“Listing Agent”) – 12117 Bee Caves Road, Suite 180, Austin, TX 78738; (737) 333-5557; by Lex Cuervo (#RS336818) of Remax Select Realty (#RB063030C) (“Listing Agent”) – 400 Broad Street, Suite #2006, Sewickley, PA 15143; (412) 550-0125; Nancy Garner (#0319521) of Woolson Real Estate, Inc. (#601920) (“Listing Agent”) – 2715 Houston Hwy., Victoria, TX 77901; 361-578-3623;Katie Casey (#00231000) of Crown Realty (#BO00000971) (“Listing Agent”) – 22332 S Harrison St, Spring Hill, KS 66083; (913) 592-2222; Chris Preston (#0017267) of Kurfiss Sotheby’s International Realty (#9000393) (“Listing Agent”) – 6029 Lower York Road, New Hope, Pennsylvania 18938 United States; +1 215.794.3227; Anthony Wells (Siren 444 692 156) of Tribunal de Commerce de Tours of French Domaines (No CPI 3701 2018 000 030 907) (“Listing Agent”) – Agence TBI, Touraine Berry Immobilier, 1 Place du Marché aux Fleurs, 37600 LOCHES, FRANCE : RCS Tours; +33 799 874 219; Adam Taugwalder of Coldwell Banker Thailand (“Listing Agent”) – SG Tower, 10th floor, Mahadlekluang 3, Rajadamri Road, Bangkok 10330, Thailand; +66 95 554 5151; While Concierge (in certain jurisdictions) and certain Concierge subsidiaries, employees and representatives may possess real estate broker or salesperson licenses in various jurisdictions and may, in some circumstances, perform functions that may be deemed brokerage services, neither Concierge nor its agents, employees and affiliates are acting as a broker in any capacity for any party in connection with this auction. Bidders must seek brokerage services or advice from their own real estate agents or professional advisers. Our brokerage licenses are held solely for compliance purposes to further our auctioneering services. Concierge, the Listing Agent, the seller of the property and their respective agents, employees and affiliates do not represent, warrant or guarantee the accuracy or completeness of any information and shall have no liability for errors or omissions under any circumstances in this or any other property listings or advertising, promotional or publicity statements and materials. This is not meant as a solicitation for listings or an offer to sell real property. Cooperating brokers are encouraged to participate as set forth in Concierge’s bidder terms and conditions. ©2008 Sotheby’s International Realty Affiliates LLC. All Rights Reserved. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Each Sotheby’s International Realty office is independently owned and operated. Neither Sotheby’s, Sotheby’s International Realty Affiliates LLC nor any of their affiliated companies is providing any product or service in connection with this auction event.

NEW YORK

405 LEXINGTON AVENUE, 26TH FLOOR NEW YORK, NY 10174

AUSTIN

800 BRAZOS STREET, SUITE 220 AND 240 AUSTIN, TX 78701

LONDON

BERKELEY SQUARE HOUSE, MAYFAIR, LONDON, W1J 6BD, UK

TORONTO

100 KING STREET WEST, STE 5600 TORONTO, ON, M5X 1C9, CA

ConciergeAuctions.com +1 212.390.0860 Inquiries@ConciergeAuctions.com

THE GLOBAL MARKETPLACE TO BUY AND SELL THE FINEST PROPERTIES

Concierge Auctions curates the most prestigious properties globally, matches them with qualified buyers, and facilitates transparent, market-driven transactions in an expedited timeframe. The firm owns arguably the most comprehensive and intelligent database of high-net-worth real estate buyers and sellers in the world. Concierge Auctions has contributed more than 300 homes to-date as part of its Key For Key® giving program in partnership with Giveback Homes™, which guarantees that for every property the company sells, a home will be built for a family in need.