Alex Cooper regularly partners with Federal, State & Local Governments, as well as quasi-governmental entities and foreign governments, to dispose of real estate assets located in the US.
Our team of auctioneers and realtors are experienced with the nuances and complexities involved in selling real estate for a government entity. We have a long history of achieving a maximum sale price while adhering to each government entity’s rules and regulations. Based on your unique situation, goals & objectives, Alex Cooper will develop a customized plan to dispose of your real estate assets in the most efficient and effective manner.
- Flexible Approach – As an auctioneer & brokerage, we’ll work with you to develop a strategy based that maximizes value & minimizes time to sale – either through a traditional listing, auction or hybrid approach.
- Global Network of Buyers – Alex Cooper maintains one of the largest networks of real estate buyers in the region, and our proprietary approach ensures that your listing reaches the buyers that matter.
- Buyer Pays Commission – We understand that every dollar counts, which is why 100% of our fee is paid by the buyer of the property via a Buyers’ Premium. Unlike many other Auctioneers, we also do NOT charge you to list your property.
- Tailored Strategy to your Government Program – Alex Cooper has a track record of achieving maximum sale price while adhering to government rules and regulations regarding the disposition of real property.
5109 & 5117 C St., SE, 5108-5112 Call Pl., SE, 5330 E St., SE, 5311-23 & 5312-5316 E St.,
152 UNIT APARTMENT BUILDING
Located in Washington, DC Alex Cooper was hired by the DC Department of Housing and Community Development (DHCD) to sell a 152 unit apartment complex. Qualified bidders were able to participate in a live auction and through an absentee bid submission. Alex Cooper accommodated many specific requirements related to the seller being a government entity as opposed to a private owner sale. The auction was well attended resulting in a sale price well above the DHCD’s expectations
514 3rd St. NE, Washington, DC 20002
CAPITOL HILL 3 BEDROOM HOME
Located in Washington, DC Alex Cooper was hired by the Property Acquisition and Disposition Division (PADD) to sell a recently renovated home as part of their blight removal program. Alex Cooper did a traditional listing that produced over 7 written offers and an ensuing bidding war. The property successfully sold for well above the asking price.
5601 Parker House Terrace, Unit 307, Hyattsville, MD 20782
5519 Whitwood Rd., Baltimore, MD 21206
BRICK TOWNHOME IN “CEDONIA”
Alex Cooper has an ongoing contract with the Maryland Department of Housing and Community Development (DHCD) for their REO inventory. On a monthly basis we typically conduct 5-15 auctions on their behalf. The auctions are available to the general public and routinely surpass their pricing expectations. The short 30 day marketing period, as opposed to a long drawn out traditional listing, has saved significantly on their property preservation expenses.
Please use the form below or call us at 410.828.4838 to inform us about a property you are considering selling. If you are submitting multiple properties feel free to list all of them on a single form.
The Alex Cooper Selling Process
Click through to learn the steps in the Alex Cooper Auction Selling Process
Contact Alex Cooper
To list your property and be matched with a real estate expert. Contact us online via the form below or call (410) 828-4838.
Connect with Your Personal Alex Cooper Real Estate Agent
Alex cooper will go over a generalized marketing plan and ask questions about your property in order to perform a CMA (competitive market analysis) to determine the value of your property. Typically this involves a site visit, where we can also get to know each other in person.
An auction listing agreement is sent out for your review and signature. At this stage you will set the reserve minimum for your property and an auction date and time will be scheduled.
Marketing Ramp Up
Alex Cooper will implement the marketing strategy. We will need access to the property for photos and information collection. Diligence materials such as leases, building plans and financial statements will be collected if applicable to marketing your property.
Auction Marketing Period
Your property is added to the Alex Cooper website and MLS. The marketing is then syndicated across the largest and most popular real estate websites as well as print media to maximize the exposure of your property. We also notify Alex Cooper’s global network of highly motivated buyers. It is suggested that the property be made available for scheduled guided tours as well as approved private showings.
Typically, sellers must be available approximately 30 minutes prior to the close of the auction and for the 30 minutes afterwards. As the bidding draws to a close, you will have the ability to accept or reject the high bid, if it is under your reserve price. The buyer and you will sign the purchase agreement and we will collect the earnest money deposit from the buyer per the advertised terms of sale.
You will be introduced to our settlement coordinator as well as continue to stay in contact with your Alex Cooper sales agent. We will be facilitating communication with the buyer’s title company as well as any requests the buyer may have. The buyer may request access to the property for a walk through. Alex Cooper will review the closing statement on your behalf to be sure it is correct.
Lastly, the property will close, facilitated by the title company. At closing, you will sign over the deed and receive payment.