Paramount Realty USA

Paramount Realty USA is a national real estate auction firm founded in 2009 and headquartered in New York. It auctions luxury homes, waterfront estates, condos, co-ops and townhouses, commercial and multifamily buildings, development land and lots, and loan portfolios, along with foreclosure, bankruptcy and sheriff's sales. Many listings are in New York, with others across the U.S. and a few abroad. The firm works alongside listing brokers rather than replacing them.

How buying works

• All auctions are held with reserve unless stated otherwise, and the seller does not have to accept any bid.
• Auctions can include best-and-final rounds or runoff auctions.
• Bids are subject to a buyer's premium set for each property and paid on or before closing.
• Bidders must accept the separate terms of sale and do their own due diligence before bidding. Property visits need the firm's written approval.

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Facts only, from the sources listed above. Always check each listing’s terms before you bid.