| Time to close | 60-120 days (list + show + offer + financing + close) | 90-180 days (self-managed) | 30-45 days (advertised + auction day + close) | 7 days from signed contract (5 days for urgent timelines) |
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| Net price (% of full market value) | 90-95% (full price minus 5-6% agent commission) | 94-100% (no agent commission, but more market time + risk) | 60-90% (unpredictable; depends on bidder competition) | 75-85% (price reflects as-is condition; no commissions, no fees) |
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| Repair / prep requirements | Significant. Code violations, structural issues, or major deferred maintenance will kill conventional financing | Significant. Same buyer-pool constraints as MLS | Minimal. Properties sold as-is, but auction crowds expect to see anything | None. Bought as-is including code violations, structural damage, hoarder conditions |
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| Certainty (likelihood of completing sale) | Medium. 15-30% of accepted offers fall through (financing, inspection, appraisal) | Low-Medium. Same financing risk as MLS plus self-managed paperwork failure rate | High to close, but final price is unpredictable | Very high. Contract price = closing price, no financing contingency, no buyer pullout risk |
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| Out-of-pocket cost to seller | $5K-$50K+ (repairs, staging, photography, agent commission, closing costs) | $1K-$10K+ (marketing, MLS listing service, contract attorney, transfer tax) | Auctioneer fee 5-15% of sale price + advertising costs | $0. ABE pays transfer tax + recording fees + title costs |
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| Best for | Houses in good condition + sellers with 30-60+ days of patience + budget for prep | Experienced sellers with unique properties + time to manage process | Properties hard to value traditionally (farms, large parcels, unusual investment property) | Distressed properties, time pressure, inherited/divorce/foreclosure situations, complex title |
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