About Us

Progressive Auction Exchange, LLC DBA REauction.com & Pax Auctions is dedicated to building the largest, most profitable, real estate auction company in the USA, based on proven methods -- driven by a marketplace demand.

Why sell real estate at auction:

Real estate sold at auction is estimated over $100 Billion in the USA with over 1-million properties sold in 2007. According to both the National Association of Realtors and the National Auctioneers Association; auctions are the fastest growing segment of the real estate industry. The Auction Marketing Institute reports; less than 350 people hold the A.A.R.E. (Accredited Auctioneer Real Estate) designation whom are "credentialed" to sell auction services. Yet over 1-million properties were sold at auction last year. This number is amazing when one compares 1.4 million members of the National Association of Realtors sold a little under 5-million properties during the same time period. Pax Auctions is a government certified nationwide real estate Auction Company that utilizes 21'st century technology combined with over 2,000 years of auctioneer traditions.

Our innovative service is based upon over 20 years of real estate experience combined with 14 years of e-commerce, the founder sold his first property on-line in 1994 and being full time real estate auctioneers since August 2001.

How we do it

2,000 years of auctioneer traditions combined with 21st century technology.

Smart work & wide market exposure of your property will deliver 100% of the present cash market value for a property 100% of the time.

A nationwide network of NAA certified traditional auctioneers trained in marketing and technology has been developed to sell your property at auction. Each property is marketed "by the numbers" using our time tested and proven auction marketing methods. The properties are marketed using on-line and offline tools such as local print advertisng, e-mail blasts, on-line bidding, Google keyword advertising, bandit signs (where legal), Cable & broadcast TV (when the budget allows) and Realtor Co-op's to bring the widest exposure to your property.

Your property will be auctioned using one of many time tested formats to deliver maximum marketplace exposure. Potential buyers are brought together for open, competitive and upward bidding to establish the market price for your property.

We produce a live auction event with internet bidding to sell your property. We collect a significant non-refundable deposit from the winning bidder, have them sign the contracts, disclosures and paperwork then coordinate closing.

We take the hassle out of a complicated process and deliver cash for property.

Who We are:

The Founder and principal owner of PAX AUCTIONS, William F. "Billy" Burke sold his first parcel of land on the internet in 1994, he then founded the first B2B (business-to-business)Internet auction for surplus assets in 1998 and rode the dot-com bubble raising millions in venture capital. He led the team that won the largest government surplus contract in history to conduct the sale of all US Military surplus on an exclusive basis through 2008. In addition to setting innovative standards in the B2B and Internet auction industry at large. The company is certified and has worked with partners around the world to execute transactions of all sizes and asset types.

The company is actively recruiting Auctioneer - Agents to help us build the largest most profitable real estate auction company in the USA.