Introducing Rila Auctions – your premier solution for selling your home swiftly and effectively.

At Rila Auctions, we understand that you have choices when it comes to selling your home. Our extensive research shows that prolonged listings can harm property value, often leading to sales at a fraction of the original asking price. That's why we prioritize the urgency in selling real estate, ensuring your property sells quickly without compromising its value.

As a leading online real estate auction platform, backed by innovative technology and a commitment to excellence, Rila Auctions offers unparalleled reach, efficiency, and transparency. Our streamlined process spans just six weeks from initial engagement to auction close, guaranteeing rapid transactions.

What Sets Us Apart
  • Maximized Market Appeal: We market your property to attract maximum interest.
  • Global Exposure: Our proprietary Rila App platform strategically showcases your property to a worldwide audience, engaging local markets and ensuring maximum exposure.
  • Transparent Pricing: Our agent-centric approach combines the best of traditional listing with the efficiency and competition of an auction -- ensuring your property attains the fair market value it deserves. In addition to showcasing your property on traditional buyer channels, we also position your home on our Rila App platform where you garner unparalleled exposure to a vast network of agents, buyers and sellers.
Seller Benefits
  • Reduced Time on Market: Sellers avoid the prolonged listing process and the need for price reductions by selling their property within a defined timeframe.
  • Date-certain sale: Sellers have certainty about the sale date, allowing for better planning and decision-making.
  • High-impact exposure: Properties receive exposure to a wide audience of potential buyers, increasing the likelihood of a successful sale.
  • Valuation adjustments: Sellers can adjust their property's valuation based on real-time market comparables, ensuring competitive pricing.
  • Established Terms of Sale: Like buyers, sellers benefit from clear terms of sale, promoting transparency and fairness.
  • Closings within 30 days: Quick closing times streamline the sales process and reduce the time and effort required to finalize transactions.
Auction Timeline Breakdown
  • Phase I: Understanding Your Goals We meet with you or your agent to determine your financial goals and timeline for selling your property. Upon signing the Auction Agreement, your property enters the Underwriting phase for committee review and approval.
  • Phase II: Preparation (Days 1-14) Following successful Underwriting, our auction team takes charge. Over the next two weeks, we meticulously prepare for launch. This includes crafting marketing assets, compiling necessary documentation, and devising a robust sales strategy.
  • Phase III: Global Launch & Early Bidder Aggregation (Days 15-36) The big day arrives as your property is unveiled on our global marketplace. Concurrently, open houses and scheduled showings commence. The subsequent three weeks are dedicated to targeted outreach to our extensive database, attracting early bidders. Prior to bidding commencement, a collaborative review involving the seller, listing agent, and auction team ensures agreement on initial bids and bidder lineup.
  • Phase IV: Local Market & Additional Bidder Engagement (Days 37-50) As bidding kicks off, the MLS is adjusted to reflect the highest starting bid. Over the next two weeks, our focus shifts to activating the local market, re-engaging our database, and fostering further bidder participation. Throughout this period, MLS updates accurately reflect the current highest bid.
  • Phase V: Closing Upon the conclusion of bidding, your property transitions into the closing phase. Led by your chosen escrow agent, this process typically spans 1-4 weeks, ensuring a smooth and timely conclusion to the transaction.

Experience the difference with Rila Auctions – where transparency, competition, and motivated buyers are part of the real estate ecosystem. If you're ready to sell your property with confidence and efficiency, contact us today.