Schrader Real Estate and Auction
Schrader Real Estate and Auction Company is a land auction and real estate marketing firm established in 1944 and headquartered in Columbia City, Indiana. It sells farmland, ranches, recreational land, building sites, homes and commercial property, and also holds auctions of farm equipment and personal property. It has offices from Colorado to Ohio, is licensed in 32 states and has held auctions in 40.
How buying works
- At live auctions, bidders register on sale day for a bidder number by showing a valid driver's license; there is no registration fee.
- For online auctions, bidders create a profile and request approval to bid ahead of time. Real estate and equipment sales use separate bidding sites.
- Land is usually offered in individual tracts, in combinations and as a whole, with bidding open on all at once.
- In most cases, a 10% down payment is due on auction day. Bidding is not contingent on financing.
- Winning bidders sign a purchase agreement right after the auction, and closing normally follows within about 15 days of marketable title.
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Sources
Related reading
- Government Auction Sites: Fees, Inventory & What Buyers Really Pay (2026 Guide)
- 2026 FORECLOSURE SURGE CREATES A NEW WAVE OF PROPERTY OPPORTUNITY
- The Evolution of GovDeals: From Its Humble Beginnings to a Masterfully Crafted, Venture-Capital-Funded Expansion That Dominates the Government Surplus World
- New to Online Government Auctions
Facts only, from the sources listed above. Always check each listing’s terms before you bid.