Auctions
Williams & Williams
Williams & Williams is a real estate auction company based in Tulsa, Oklahoma that sells homes, commercial property, ranch, farm and land, foreclosure, and occupied property at auction. It is the brokerage firm behind its own auction transactions, says it can work in all 50 states, and has international partners.
Three formats are used. Foreclosure and trustee auctions are held on the courthouse steps or another designated location, and bidders must be on site because there is no online bidding option. Online auctions run for two to three days on auctionnetwork.com, where a bidder can bid the current asking price or place a maximum bid that the system raises automatically when others bid against them. Live auctions are held on site with an auctioneer, and online bidding runs alongside the live sale.
The company describes itself as a fourth generation auction house and says that in the last ten years it has sold more than $10 billion in real estate across the 50 states, Washington DC, Puerto Rico, Central America, and Europe, for clients including Fortune 500 companies, government entities, financial institutions, broker partners, and private sellers. It states that on average its auctions achieve current market value 5.5 times faster than traditional sales methods. Sister brands include the Auction Network bidding platform and Luxury Group Auctions for higher-end property, and the company is part of the Insight One family of companies.
Terms, deposits, and inspection access vary by property and are set in each sale's contract. Agents who want a cooperation fee must register their buyer at least 24 hours before the auction, and the company reserves the sole right to determine whether and when a fee is paid.
Best for
Lenders, government agencies, estates, and private sellers who want a time-definite sale of residential, commercial, or land property, and buyers willing to bid without contingencies after a scheduled public inspection.
What they do
- Live on-site real estate auctions
- Online real estate auctions
- Foreclosure and trustee auctions
- Luxury property auctions
- Auction marketing campaigns
- Seller representation and brokerage in all 50 states
- Agent and broker cooperation program
Details
| Attribute | Value |
|---|---|
| Ownership | Subsidiary |
What stands out
- Says that in the last ten years it has sold more than $10 billion in real estate across the 50 states, Washington DC, Puerto Rico, Central America, and Europe.
- Describes itself as a fourth generation auction house whose clients include Fortune 500 companies, government entities, and financial institutions.
- States that on average its auctions achieve current market value 5.5 times faster than traditional sales methods.
- Runs its own bidding platform, Auction Network, and a higher-end division, Luxury Group Auctions.
- Says its marketing has won awards including the National Auctioneers Association/USA TODAY Auction Marketing Campaign of the Year.
Common questions
- Do you pay a fee to an agent who brings a buyer?
- Yes. The company will partner with any licensed agent or broker who registers to represent a buyer at least 24 hours before the auction. A cooperation fee based on the high bid is paid at closing if the buyer closes in strict accordance with the terms of the sale agreement, and a referral fee is paid at closing when an agent or broker refers a listing for auction.
- How does an agent show one of your auction properties?
- An agent can attend one of the scheduled open public inspections, or call the company to request that the lock box code be emailed where immediate access is available. Privately owned or occupied properties have no lock box code, so buyers must view them during a scheduled open public inspection, and some occupied properties cannot be seen before the auction at all.
- Can a licensed agent buying for themselves earn a commission?
- No. Licensed agents who represent themselves in a transaction are not eligible for a commission, and no referral fee is paid to an agent representing him or herself.
- How does online bidding work?
- Online bidding is available on auctionnetwork.com and usually runs for two to three days. A bidder can bid the current asking price or place a maximum bid, and the system automatically raises the bid up to that maximum when others bid against them. During a live auction, online bidding runs alongside the on-site sale.