AUCTION SERVICES

The advantages of selling via an auction include:

  • You know your property will sell on a specific day (unless a reserve price is not met)
  • Competition among buyers drives the best selling price
  • Auctions generate excitement!
  • On-line bidding provides for non-local buyer participation
  • On-line bidding also provides anonymity and increases participation
  • Buyers are pre-qualified and can close quickly

PROFESSIONAL LAND

AUCTION SERVICES

WHAT YOU CAN EXPECT

DOES AN AUCTION COST THE SELLER MORE THAN A TRADITIONAL LISTING?

  • There are two basic types of auctions; an absolute and a reserve
  • A reserve auction sets a minimum price the seller is willing to accept
  • If the bidding does not meet or exceed the reserve price, there is a no-sale
  • An absolute auction means that there is no minimum set and highest bidder wins
  • It is typical for seller’s to be responsible for marketing costs associated with a reserve auction
  • The auction company usually covers all marketing costs associated with an absolute auction
  • We offer two options in marketing packages for sellers of reserve auctions to best fit their budget and marketing expectations
  • Auction fees (commission percentages) are typically equal to or less than traditional listings fees in the local community

ADDITIONAL DETAILS

  • Marketing normally includes a sign on the property with details and contact information
  • The marketing campaign should begin at a minimum of 4 weeks preferably 6 to 8 weeks prior to the auction date
  • Buyers log on to the website and register to bid prior to auction start
  • Open houses or property showings are usually set on particular days by the representative agent
  • Buyers watch in real time on-line as the bids are posted
  • A bidder’s number (obtained through registration) is required to place bids
INQUIRE ABOUT OUR AUCTION SERVICES

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Auctions