TNFL #2621 KYFL #RP2749
Turn your land into cash faster with competitive bidding and trusted local expertise
Provide a fast, transparent solution that ensures fair market value while reducing stress.
Auctions create urgency, attract motivated buyers, and deliver fair market value on your timeline.
We provide the local expertise and personal attention you need to buy or sell with confidence.
Whether you’re buying or selling, our process is simple, transparent, and proven. For more than 30 years, we’ve helped families, farmers, and investors buy and sell property with confidence. Rooted in the community and trusted for our expertise, we bring honesty, professionalism, and local knowledge to every sale.
TNFL #2621 / KYFL #RP2749
When considering the benefits of real estate auctions versus traditional buying methods, it’s essential to weigh both approaches carefully. Conventional real estate transactions often provide buyers with greater certainty and control over the negotiation process. Buyers can take their time to assess the property, conduct inspections, and negotiate terms that suit their needs.
In contrast, real estate auctions present a faster and more transparent buying process. Properties are typically sold on a specific date, encouraging serious buyers to act quickly. This urgency can lead to competitive bidding, which might result in securing a property at a bargain price.
Another advantage of auctions is the clarity they offer; all bids are visible, and the process is conducted openly. However, potential buyers should be aware of the risks involved. The auction format may not allow for extensive due diligence or negotiation flexibility, making it crucial to set a clear budget beforehand.
Ultimately, the best method for purchasing real estate depends on individual preferences, financial considerations, and risk tolerance. Whether you choose an auction or a traditional approach, understanding these factors will help you make an informed decision.
Buying or selling at auction is easier than you might think. At Wally Gilliam Realty & Auction, we believe in keeping the process transparent and helping you feel confident every step of the way.
Not the full amount — but you will need to bring some certified funds for your deposit.
At most auctions, the winning bidder provides an earnest money deposit (usually around 10%) of the final sale price. This is paid by cashier’s check or wire transfer on auction day or shortly after. The remaining balance is due at closing, typically within 30 days, giving you time to finalize funds or financing.
Bidding is simple — and a little exciting!
You’ll start by registering for the auction and agreeing to the terms and conditions. On auction day, you’ll raise your bidder card (or click “Bid” if you’re joining online) when you want to make an offer. The auctioneer will call out bids in clear increments until the final price is reached. If you’re the highest bidder and the seller’s reserve (if any) is met, congratulations — you’ve just bought yourself a property! We’ll walk you through signing the purchase agreement and submitting your deposit right after.
Auction properties are sold “as-is, where-is,” so it’s important to do your homework before auction day.
We make it easy by offering open house and preview times leading up to the auction, where you can bring your home inspector, contractor, or family to take a good look around. Once the auction closes, there are no inspection or financing contingencies, so we encourage every bidder to take advantage of those preview opportunities.
Yes — you can finance your auction purchase, but planning ahead is key.
Auctions move quickly, and closing deadlines are firm (often within 30 days), so you’ll want to be pre-approved and ready to close before you bid.
Many buyers use bank loans, cash, or equity lines to complete their purchase. Just make sure your financing is lined up in advance — because if your loan falls through, you could lose your deposit.
Not the full amount — but you will need to bring some certified funds for your deposit.
At most auctions, the winning bidder provides an earnest money deposit (usually around 10%) of the final sale price. This is paid by cashier’s check or wire transfer on auction day or shortly after. The remaining balance is due at closing, typically within 30 days, giving you time to finalize funds or financing.
Bidding is simple — and a little exciting!
You’ll start by registering for the auction and agreeing to the terms and conditions. On auction day, you’ll raise your bidder card (or click “Bid” if you’re joining online) when you want to make an offer. The auctioneer will call out bids in clear increments until the final price is reached. If you’re the highest bidder and the seller’s reserve (if any) is met, congratulations — you’ve just bought yourself a property! We’ll walk you through signing the purchase agreement and submitting your deposit right after.
Auction properties are sold “as-is, where-is,” so it’s important to do your homework before auction day.
We make it easy by offering open house and preview times leading up to the auction, where you can bring your home inspector, contractor, or family to take a good look around. Once the auction closes, there are no inspection or financing contingencies, so we encourage every bidder to take advantage of those preview opportunities.
Yes — you can finance your auction purchase, but planning ahead is key.
Auctions move quickly, and closing deadlines are firm (often within 30 days), so you’ll want to be pre-approved and ready to close before you bid.
Many buyers use bank loans, cash, or equity lines to complete their purchase. Just make sure your financing is lined up in advance — because if your loan falls through, you could lose your deposit.
Our Advice:
If you’re thinking about bidding, talk with one of our team members ahead of time. We’ll help you understand the process, review the property details, and make sure you’re comfortable and confident before auction day. Contact us today!
Auctions move quicker than traditional listings
Multiple buyers drive your property’s value higher
Connecting with local, regional, and online audiences
In real estate auctions, certain property types tend to attract more bidders and generate higher sales prices. Unique and distressed residential properties are often prime candidates, as buyers see potential for renovation or investment opportunities.
Commercial and industrial spaces also perform well at auction, particularly when sellers are looking to liquidate quickly or maximize exposure in a competitive environment. Development land is another hot commodity, especially in areas poised for growth, where investors are eager to secure a piece of the action.
Luxury homes often find their way to auction, especially those that require rapid sale due to financial circumstances or estate settlements. The allure of a transparent bidding process can be especially appealing for high-end properties.
Finally, standard residential properties that offer value-add potential can thrive in an auction setting. If these homes are situated in high-demand neighborhoods, they can draw significant interest and competitive bids. Overall, the dynamic nature of real estate auctions provides opportunities for both sellers and buyers alike.
At Wally Gilliam Realty & Auction, we’ve helped hundreds of families, landowners, and investors get strong results through the auction method. Whether you’re settling an estate, selling land, or downsizing, the auction process can deliver fast, fair, and market-driven results — without the usual uncertainty.
• You control the timeline. You pick the auction date — not the market.
• Serious buyers, real results. Bidders come prepared with deposit funds and the intent to buy.
• Competitive bidding drives top dollar. When qualified buyers compete in a fair, transparent setting, you get true market value — often higher than a private listing would bring.
• You sell as-is, without the hassle. Forget the repairs, contingencies, and endless showings.
Your property sells “as-is, where-is,” on your terms.
• It’s a transparent, trustworthy process. Auctions are open, honest, and easy to understand. Everyone sees the same information, and every bid is public.
While just about any property can sell at auction, some stand out as especially well-suited:
In short: if you want certainty, speed, and competitive bidding, your property is a great candidate.
Our auction process is designed to be simple, structured, and stress-free.
From start to finish, you stay informed and in control, backed by our team’s experience and proven process.
Both methods can work — but auctions offer a faster, more decisive path when timing, transparency, or market exposure matter most.
Key advantages of auction sales:
Traditional listings are still a great fit for some sellers — but if you’re looking for speed, certainty, and strong market response, an auction may be your best move.
• You control the timeline. You pick the auction date — not the market.
• Serious buyers, real results. Bidders come prepared with deposit funds and the intent to buy.
• Competitive bidding drives top dollar. When qualified buyers compete in a fair, transparent setting, you get true market value — often higher than a private listing would bring.
• You sell as-is, without the hassle. Forget the repairs, contingencies, and endless showings.
Your property sells “as-is, where-is,” on your terms.
• It’s a transparent, trustworthy process. Auctions are open, honest, and easy to understand. Everyone sees the same information, and every bid is public.
While just about any property can sell at auction, some stand out as especially well-suited:
In short: if you want certainty, speed, and competitive bidding, your property is a great candidate.
Our auction process is designed to be simple, structured, and stress-free.
From start to finish, you stay informed and in control, backed by our team’s experience and proven process.
Both methods can work — but auctions offer a faster, more decisive path when timing, transparency, or market exposure matter most.
Key advantages of auction sales:
Traditional listings are still a great fit for some sellers — but if you’re looking for speed, certainty, and strong market response, an auction may be your best move.
✨ Our Advice:
Thinking about selling? Let’s talk about your goals. The Gilliam Realty & Auction team will help you decide if an auction, traditional listing, or hybrid approach is the right fit — always with your best interest first. Contact us today!
I am blown away by this staff of professionals!! Friendly, professional and courteous! I felt like I had known them forever. Thanks for making the “bench lady” feel so special!!!
If you’re having an auction this is the only company to call. They strive for perfection for your situation.
Excellent service, Excellent people. They take their job seriously and know exactly how to get the job done.
Highly recommend.
Understand your property’s true market value
Reaching qualified buyers locally, regionally, and online
Competitive bidding that creates urgency and drives value
Smooth transactions that let you move forward with confidence
