National Property Solutions Inc.

Redefining Perceptions

about Auctions

National Property Solutions are your experts for private, live, webcast, online only, and sealed bid commercial and residential property auctions

Types of Auctions

businesssaleThe types of auctions and methods of bidding are tied to the seller's goals, market conditions and property characteristics. We evaluate each property individually then develop a prospective buyer profile, where will we find the buyer and what structure will create comfort and motivated the profiled buyers to bid.


Live Auctions – Used where the buyers prefer to bid in person to buy the assets. This strategy is selected when the expectation is that the market is generally local. Our auction staff brings decades of experience and product knowledge from conducting live auctions for multiple asset classes throughout the country.

Webcast Auctions – Webcast auctions are used in conjunction with love open outcry auctions to allow bidders to participate over the internet in real time bidding. This technique removes barriers requiring all bidders to be on site and bid from distant locations in real time against on site bidders and creates more competition. The key to the success of this program is providing the bidders with enough information so that they make an informed bid and are committed to the purchase.

Online Only Auctions – Online only auctions are another technique used either when on site bidding maybe disruptive to an ongoing business concern or where the expectation is that the market for the assets being sold is geographically speaking, much greater than local.

Sealed Bid Auctions – Sealed bid auctions can be used when confidentiality either on the part of the buyer or seller is a significant factor to the sale or where a bulk sale is preferred.

Offering Methods

Absolute or Without Reserve – There is no minimum bid and the seller is committed to sell the property to the highest bidder, regardless of price.

Minimum Bid or Disclosed Reserve – A minimum bid is disclosed committing the seller to sell the property to the highest bidder either at or over the published minimum bid.

With Reserve – The seller reserves the right to accept or reject the highest bid.

Types of Bidding

Traditional Bidding – In a traditional auction, the auctioneer begins by asking for an opening bid and then the audience continues to escalate bids until the highest bidder is determined.

High Bidder's Choice - In this style of bidding, similar properties are grouped on a display next to the auctioneer. Bidders then bid for the right to select the property of their choice from the display. The highest bidder's choice is then removed and a subsequent round of bidding begins. This style of bidding is most commonly used on the sale of new construction condominiums or townhomes.

Multi-Par Bidding – Multi-Par Bidding is most commonly used on the sale of large undeveloped land where multiple parcels of land are offered. This method allows the bidder to place bids for various configurations of parcels based on the bidder's desire to assmeble the parcels.

Types of Properties Sold

Over the course of more than twenty years our team has successfully marketed and sold virtually every asset type of real estate, in more than forty states plus Canada, Mexico, the Caribbean, and Central and South America. The major categories include:

  • Residential – New construction condominiums, townhomes, single-family homes, resort residences, fractional resort ownership, penthouses, historic mansions, luxury estates, equestrian estates, co-ops, and home sites.

  • Commercial – Apartment and office buildings, senior housing, shopping centers, restaurants, night clubs, storage facilities, boat slips, and income properties.

  • Industrial -Factories, freight/transportation facilities, grain elevators, warehouse from 5,000 sq. ft. to more than 700,000 sq. ft.

  • Special Purpose Properties - Schools, hospitals, churches, theaters, athletic facilities, parking garages, marinas, goldmines, mineral rights.

  • Hospitality - Hotels, bed-and-breakfasts, remote fishing lodges.

  • Vacant Land & Acreage - Development and investment land, recreational property.

Bankruptcy or Partnership Disolution – Auctions are excellent methods of bringing transparency to the sale of assets for the dissolution of a partnership or the sale of assets in a bankruptcy situation for the benefit of creditors who prefer not to take title to the asset but would rather sell it immediately at market value without assuming the liability of being part of the chain of title.
Trust and Estate Sales – The duties of fiduciary or trustee include the following in the sale of an asset: Making the asset available to all who might have an interest in buying the asset, transparency of the transaction, having all bidders bid under the same terms and conditions. The real estate auction is the solution for trustees to these important issues.