Central Kansas Real Estate Auctions — Brokered by L2 Realty Inc.
- alex@alexmillerauctions.com
- alex@alexmillerauctions.com
- Mon–Fri: 8am – 5pm
Central Kansas Real Estate Auctions — Brokered by L2 Realty Inc.
Real estate auctions are a legitimate, professional way to buy and sell property. If you’ve never participated in one, this guide will walk you through exactly what to expect — whether you’re a seller considering your options or a buyer looking for opportunity.
Alex evaluates your property, reviews your goals, and helps you determine whether auction is the right fit. This is a no-obligation conversation.
You sign a simple auction listing agreement outlining the terms, timeline, and Alex’s compensation structure.
Alex runs targeted marketing campaigns in the weeks leading up to auction day. Qualified buyers are identified and registered in advance.
The property is opened for buyer inspection prior to auction day. Sellers provide any known disclosures upfront.
Alex conducts the auction. Registered bidders compete. The highest bidder wins subject to the published auction terms. Alex walks sellers through whether a reserve or absolute format makes sense before the auction is scheduled.
The high bidder signs a purchase agreement and provides earnest money. Closing follows on the agreed timeline, brokered through L2 Realty Inc.
Watch the upcoming auctions page for active listings, property details, photos, and bidder instructions.
Attend the scheduled open inspection period. Properties are sold as-is — so conduct your due diligence before auction day.
Register in advance. You may need to provide proof of financing ability or a deposit to receive your bidder number.
Show up on auction day and bid with confidence. Know your maximum number before you start and stick to it.
If you’re the high bidder, you’ll sign a purchase agreement immediately and provide earnest money. No renegotiating after the hammer falls.
Closing follows the timeline set in the auction terms. Have your financing ready before you bid.
It depends on the type of auction. Some auctions are “absolute” — meaning the property sells to the highest bidder regardless of price. Others have a reserve price the seller must approve. Alex will discuss which approach makes sense for your property and goals.
It means the property is sold in its current condition. Buyers are expected to do their due diligence during the inspection period before auction day. There are no inspection or repair contingencies after the hammer falls.
Do your research before auction day. Attend the inspection, review comparable sales in the area, and set your maximum bid in advance based on your own analysis — not auction-day excitement.
Compensation structures vary. Alex will clearly explain all fees upfront during your consultation. Typically, fees are built into the purchase price as a buyer’s premium, or charged to the seller as a commission — or a combination of both. You’ll always know the terms before participating.
Yes — strongly recommended. If you’re the high bidder, you’ll be signing a purchase agreement that day. The timeline moves fast. Have your financing in order and your earnest money ready before you bid.
If an auction has a reserve and bidding doesn’t reach it, the seller is not obligated to sell. Alex will work with the seller and highest bidder to see if a deal can be reached post-auction, but there are no guarantees.
Yes, in most cases. The outstanding mortgage is typically paid off at closing from the sale proceeds, just like in a traditional sale. Consult with your lender and Alex during the planning phase to confirm your specific situation.
Typically 4–8 weeks from the consultation and listing agreement to auction day, with closing following 30–45 days after the auction. This is one of the major advantages over a traditional listing, which can take 3–6+ months.
Still have questions?
Alex is happy to answer questions and walk you through the process before you commit to anything.
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