Williams & Williams, the world’s premier real estate auction company, announced the debut of “Online Only Auctions,” an online auction service, where investors and consumers can bid and purchase real estate with the click of a mouse. “Online Only Auctions” exposes sellers to potential investors worldwide, rather than just locally, and provides buyers with a larger pool of available investment properties.

Through “Online Only Auctions,” bidders can easily register, search and bid on properties for free with no upfront deposits. They now have 24-hour access to properties with auctions held each month and closing on the properties within 30 days of the sale.

“Online Only Auctions” are an innovative tool for investors who are looking to add properties to their portfolio, often for purposes of purchasing, renovating and re-selling. Through “Online Only Auctions,” these investors can save tremendous time and money, no longer needing to travel to the physical property location, instead using the new Williams & Williams Web site – www.williamsauction.com and bidding online.

“The local investor market has become saturated,” said Dean Williams, president and CEO of Williams & Williams. “Declining local markets are now ‘buyer markets,’ and buyers are waiting for sellers to continue to drop their prices. A program like “Online Only Auctions” targets these markets and help bring the investors to the properties that much quicker.”

Properties can be submitted for auction at any time and can be placed online for sale during the next available online auction cycle. Williams & Williams then markets the properties both nationwide and locally via a variety of channels, including property signs, direct-mail, print advertising, e-mail auction alerts and the Williams & Williams Web site.

Buyers sign up at williams.auction.com to bid on properties and are offered a reduced bidder’s fee, further lowering the barriers to selling these properties. All bidders/buyers are bound by written terms and conditions disclosed to them during registration prior to the auction. Through partnerships with RealtyTrac, Zillow and Mapquest, buyers can obtain detailed property information, get estimated property values and find the exact locations of the property. Buyers can also find a wealth of information about the property listed on the Web site, including important disclosures, opening bid, terms of the sale and several interior and exterior photographs.

“With the state of the mortgage industry today, ‘Online Only Auctions’ stands to not only make the exchange of real estate that much more efficient and convenient, but also help those borrowers who are seeking better ways to liquefy their property assets,” said Williams. “This could have resounding positive effects on the mortgage industry.”

About Williams & Williams

Tulsa, Okla.-based Williams & Williams is a global auctioneer for all types of real estate. Separate sales divisions serve the corporate, mortgage banking, employee relocation and trust industries. The company also serves individual property owners through its Farm, Ranch and Premiereâ„¢ sales division.

The company focuses on increasing the net prices sellers realize while providing all buyers competitive bidding access in combined on location and online auctions. The company’s sales platform averages 35 days on market and 30 days to closing with less than a 2% fall out for all transactions. In the U.S., sales are held every month throughout all fifty sates.

Fees are generally due only upon a seller-approved sale and closing. The live on location auctions are open to the public and potential buyers register by showing a driver’s license. All known property features and issues are disclosed along with standardized terms. Buyers deposit 5-10% upon sale and receive a clear title at closing. For more information about the company visit www.williamsauction.com.

Posted: 03|14|07 at 7:36 am. Filed under: Press Release.