Baerz & Co - Luxury Homes

HOW IT WORKS

Detailed Auction Procedure

Property Evaluation and Approval:

Work with Baerz & Co representatives to identify suitable assets for auction, setting accurate valuations to prevent typical luxury market overestimations.

Valuation Strategy:

Define a reserve to protect the seller's baseline, paired with an attractive opening bid to spark worldwide attention.

International Promotion:

Execute comprehensive online and regional campaigns to engage affluent prospects using premier platforms and the Baerz & Co connections.

Bidding Phase:

Participate in an efficient auction setup, with professional assistance ensuring smooth operations.

Transaction Finalization:

Upon meeting the reserve, a legal expert handles closure within 90 days, promoting speed and dependability.

Detailed Auction Procedure

For Sellers:
Agree on a commission rate with your listing agent, paid from the sale proceeds upon completion. You retain 100% of your commission. This commission can be divided equally (50/50) with the buyer's agent in occasional co-broker scenarios, following standard practices. No extra charges are imposed by Baerz Auctions on sellers.

For Buyers:
A buyer's premium of 4-5% (including VAT) applies to the final bid amount, dedicated to covering platform operations, marketing, and administrative expenses. This ensures transparency and funds the auction's efficiency.

For Agents:
The listing agent collects the full seller-agreed commission, shared as needed with co-brokers, without any reductions from Baerz Auctions. This structure supports agent incentives while maintaining service quality.

Overall Flow:
Commissions flow from seller to agents post-sale. Buyer's premium is collected from the purchaser at closing, directly supporting auction logistics. All terms are outlined upfront for clarity.

Case Example:

Cote d’Azur Residence

Details:

430 m² villa in Mediterranean design on 5,000 m² grounds, featuring a swimming pool, fitness area, and six bedroom suites

Initial Offer:

€3.5M

Projected Value:

€5.35M

Final Sale:

€5.25M

Event Length:

72 hours

Registered Participants:

Bid Count:

Closure Time:

Under 90 days

Promotion Strategies:

Worldwide visibility via Baerz & Co, JamesEdition, LuxuryEstate, Properstar, Immowelt, Immoscout24, Zoopla, Primelocations, FigaroImmo, Kyero, Bloomberg, Spitogato, SurfacePrivee, Immobiliare, GoPlaceIt, APlaceintheSun, Indomio and many more.

Collaboration with over 150 luxury home agencies around 35 hot spot locations in over 20 countries.

More than 50 inquiries from potential buyers, leading to 18 site visits.

Our Dedication:

Efficient, protected transactions aligned with your needs

Absolute openness across all phases

Equitable pricing driven by market forces to enhance outcomes

Safeguarding of agent earnings through established sharing protocols

Experience Excellence with Baerz Auctions & Primextate

Baerz Auctions proudly partners with Primextate, our esteemed auction house based in Geneva. Renowned for their mastery in curating and managing luxury real estate auctions, Primextate brings PrimeAuctions, a benchmark of excellence, to discerning clients worldwide. Our dedicated team of experts values bespoke service and is committed to guiding you with precision, discretion, and care through every step of the journey.

Initiate Contact Today

Contact

Consult your Senior Auction Specialist to start your auction and explore our specialised solutions for buying or selling luxury real estate through auction.

BAERZ AUCTIONS