It must b the economy, but I am getting an increased amount of calls from agents, lenders and property owners wanting to discuss the option of offering their property at auction. 

If you are planning on calling an auctioneer to discuss a project, below is a quick checklist of items that auctioneer may want to have going quickly.

Commercial Property Auction Pre-Qualification Checklist

Today's Date:                                                                      

Project/Property Name:                   

Project/Property Location:            

Ownership Type (Fee Owner, Debtor in Possession, Lender, Etc.):       

Owners Motivation for Selling:      

Please attach any existing marketing material to this form.

•1.       Property Description:

•a.       Type of property:      

•b.       Property description (use additional sheet if needed):        

•c.       Number of units:      

•d.       Owner or Tenant occupied:      

•e.       Percent currently occupied or vacant:      

•f.         Number of tenants (if applicable):      

•g.       Current lease terms (if applicable):      

•h.       Current debt amount on property:      

•i.         How long has seller owned property:      

•2.       Listing History & Pricing Information:

•a.       Has property been previously listed:      

•b.       How long has property been listed:      

•c.       Current list price:      

•d.       Original list price:      

•e.       Days on the market:      

•f.         Date of latest appraisal:      

•g.       Value of latest appraisal:      

•h.       Number & value of offers to date:      

•3.       Income & Expense Information:

•a.       Annual property taxes:      

•b.       Annual insurance costs:      

•c.       Annual estimated maintenance costs:      

•d.       Gross annual income:      

•e.       Estimated NOI:      

•4.       Seller & Auction Related Questions:

•a.       Has seller ever had an auction:      

•b.       If Yes, what was outcome:      

•c.       How is seller positioned financially:      

•d.       Seller motivation level to sell property (must sell, need to sell, etc):        

•e.       Is seller open to an "Absolute" auction:      

•f.         Sellers ability to pay "upfront marketing funds":      

•g.       Current commercial sales activity in the area:      

•h.       Type of property surrounding the subject property:      

•i.         Amount of vacancy in surrounding properties:      

•j.         Owner financing available (yes or no):