Since 1994, The Chicagoland Real Estate Auction has been the Premiere destination for Buyer's looking for affordable housing throughout Cook County. Over the last 16 years, we have offered thousands of properties for Sale; including Single Family Homes, Multi-Unit Buildings, Commercial and Industrial Buildings, Vacant Land, Condominiums, and even Parking Spaces. We believe in equal housing, and have sold property for as low as a few thousand dollars and as much as a half million dollars. All properties offered are available with Seller Financing, usually with as little as 5-10% down. This means you pay the Seller directly, elmininating the need for Banks, or costly Mortgage houses.
While the Mortgage Meltdown has tighted the credit markets and made it hard to obtain a loan, The Chicagoland Real Estate Auction Offers SELLER FINANCING. We are ready to make your dream of homeownership a reality. With a "No Red Tape" philosophy, it has never been easier to buy a home. Your monthly payments could be as low as rent! We do not charge costly Points and NEVER A BUYERS PREMIUM!!! Other Auction companies add on an additional 5% to YOUR purchase price. Why should you pay the Sellers Commision? There are NO Commissions paid by you. The Chicagoland Real Estate Auction prides itself on a straightforward approach that keeps our customers coming back year after year.
All properties are sold with Clear Title. That means, NO Liens, No Back Taxes, and Disclosures. We are Locally Owned and Operated, and not an Auction house that moves to the next city the moment the Auction concludes. We are here to assist you and make owning a home or investment property a reality. We offer more Seller Financed property in Cook County Illinois than anyone we know of.
Why buy at an Auction? YOU Set the price you are willing to pay. You'll know who is bidding against you, & you will be able to understand our Auctioneer. In fact, all of our Auctioneers specialize in only Real Estate Auctions. We have more than 50 years experience Buying and Selling Property, and only concentrate in one area- Cook County.
Recently, one of our Auctioneers was quoted in the New York Times MarketWatch:
"In an auction everybody's in the same room and everyone gets to see who is bidding against them and how many people are bidding against them. I can't think of a more fair way to sell a piece of property than that."
— Tim Gray, Auctioneer (MarketWatch, Dec. 3, 2008)
We invite you to Visit our Auction, or stop by an Open House. Feel free to add your
E-mail address to our Auction Database, and you will be the first to know about Specials, Upcoming Auctions, and Open House Dates. We never Sell the information and take your privacy as a Buyer very seriously. We believe word of mouth is our most successful form of advertising.
If you have any questions about the Auction process, please feel free to contact us at: info@chicagolandauctions.com. or call 312-334-1300
Frequently Asked Questions
Q. When is your next Auction?
A. Our Auctions are conducted annually, and are announced well in advance. Please sign up for our Email list to be notified of Future Auctions.
Q. Can I purchase a property before the Auction?
A. Yes! Most of our properties are ready for sale. We have a Pre-Auction Price listed, or if you prefer, attend the Auction and place YOUR bid.
Q. What is Seller Financing?
A. Seller Financing means the Seller of the property will finance you, if qualifed, for a minimum of 95% of the purchase price. After closing you will make monthly payments to the Seller until the balance is paid in full. The monthly payment even includes the Real Estate Taxes.
Q. Can I pay cash for the property?
A. Yes! At closing you can pay in full, or use Seller Financing.
Q. Are these Bank Owned properties or Short Sales? Do they have existing mortgages or back taxes?
A. There are no existing Mortgages on any of the properties. The properties are aquired by various methods and are liquidated through The Chicagoland Real Estate Auction company. We do not offer Bank Owned properties or short sales!
Q. How can I view a property for sale?
A. You can attend the open house prior to the Auction, or simply call 312-334-1300 and ask for a showing request. If the building is vacant we may be able to give you showing instructions over the phone.
Q. Can I refinance a property purchased through Seller Financing?
A. Yes, there is never a penalty for refinancing. The account can also be paid in full at any time.
Q. How can I place a bid on a property prior to the Auction?
A. If you are ready to submit an offer, please call 312-334-1300 or Email your offer or intent to purchase to info@chicagolandauctions.com