See Where Our Most Recent Buyers are Coming From
SELLING PERSONAL PROPERTY AT AUCTION
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Speedy Process, Quick Turnaround. An auction is immediate. It happens during a set time and is completed during that time. It’s quick and efficient.
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You Set the Time and Place of Your Sale. It’s as simple as that. You work with the auction firm to schedule what works best for you.
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You Know Exactly When Your Property or Goods Will Be Sold. There’s no wondering whether or not your property will sell. It WILL sell and it will sell during the set auction time.
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Comprehensive Marketing of Your Property. Part of conducting an auction is marketing it to the general public to get as many people involved as possible. Auctioneers have comprehensive email lists they use to market their sales.
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Buyers Come Prepared to Buy. Auction bidders come with money in their wallets, pockets, and hands and are prepared to come home with property. It’s a seller’s delight. For real estate auctions this is especially advantageous because the final bid is for cash.
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No Negotiations. There is no haggling over price or merchandise. The auction method is quick and efficient. When people bid, they make a commitment to buy the property at that price without discussion or debate.
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No Leftovers and Little Clean Up. Every item at an auction goes up for bid and every item is sold. How many of you have ever had a garage sale and when you’re finished, you spend hours packing up what didn’t sell and looking for places to store it? With an auction, there’s no worry about what to do with leftover items because there aren’t any. This means very little cleanup, also.
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Competitive Bidding. Auctions motivate buyers to perform. People get caught up in the competitiveness of the bidding and many times this drives the price of items higher. To some
it’s like a game, and they want to win at all costs (or hopefully for you, at high costs!) And did you know that 9 times out of 10, an auction brings in the fair market value, if not more, for any item put across the auction block? -
Auctions Work Well in Both Good and Bad Economic Times People love auctions because they love sales. Statistics show, in good or bad economy auctions remain a steady force. When the economy is bad, the auction industry does not feel the impact: people still flock to auctions
SELLING REAL ESTATE AT AUCTION
Q. What is a Real Estate Auction?
A. A real estate auction is an innovative and effective method of selling real estate. It is an intense, accelerated real estate marketing process that involves the public sale of any property—most certainly including those that are nondistressed—through open cry, competitive bidding.
Q. How will auction benefit me?
BENEFITS TO THE SELLER:
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Buyers come prepared to buy
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Quick disposal reduces long-term carrying costs, including taxes & maintenance
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Assurance that property will be sold at true market value
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Exposes the property to a large number of pre-qualified prospects
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Accelerates the sale
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Creates competition among buyers—auction price can exceed the price of a negotiated sale
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Requires potential buyers to pre-qualify for financing
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The seller knows exactly when the property will sell
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Eliminates numerous and unscheduled showings
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Takes the seller out of the negotiation process
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Ensures an aggressive marketing program that increases interest and visibility
BENEFITS TO THE BUYER:
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Smart investments are made as properties are usually purchased at fair market value through competitive bidding
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The buyer knows the seller is committed to sell
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In multi-property auctions, the buyer sees many offerings in the same place at the same time
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Buyers determine the purchase price
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Auctions eliminate long negotiation periods
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Auctions reduce time to purchase property
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Purchasing and closing dates are known
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Buyers know they are competing fairly and on the same terms as all other buyers
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Buyers receive comprehensive information on property via due diligence packet