DIFFICULT TO VALUE PROPERTY
One of a kind property or a rapidly rising market can leave you in
the dark about properties true value. Competitive bidding revels up
to the minute true market value. Your property may bring more than
you ever imagined.
AUCTIONS ESTABLISH MARKET VALUE
By letting the Buyers exercise their own idea of value you avoid the
pitfalls of either pricing your property too low and losing money
or pricing your property too high and waiting for months with no offers.
Auctions establish true market value.
AUCTIONS PROVIDE INSTANT LIQUIDITY
Timing can be critical if a transaction is driven by a deadline such
as the transfer of a property to a trust vehicle, meeting a tax deadline
or making cash available for another opportunity. An auction lets
you decide the exact date of sale and closing.
AUCTIONS GET ATTENTION
Auction advertising gets more attention than a conventional approach
and can expose a property to regional, national or international markets
in a short amount of time. Sales of similar properties freeze while
buyers wait to see what opportunities the auction may bring. Auctions
prompt hesitant buyers into action.
CONVENIENCE AND ECONOMY
The auction process typically requires thirty days for marketing and
thirty days for closing. Viewings are scheduled to allow all Buyers
to view at the same time. All offers are based on the same set of
terms. There are no protracted negotiations to be endured by the Seller
commonly experienced in a conventional listing. Closings are all cash
and are not contingent on financing or any other conditions. Buyers
pay all inspection, closing and Title Commitment costs.
DIVISIBLE PROPERTY
Waiting for a buyer for a large parcel prevents you from realizing
a greater profit and a quicker sale by dividing the property. A Multi-parcel
Auction lets a group of small parcel buyers bid against buyers of
the whole.
PERSONAL PROPERTY INVOLVED
Commercial equipment and personal property auctions bring large crowds
and draw attention to real estate. If you have personal property to
market, let your real estate sell in the same wave of nthusiasm.
OPERATION OF LAW
If you are a Lender we can show you how to combine an Operation of
Law with an Operation of Market in your initial judicial filing. You
avoid taking title, have clean hands and push the costs of conducting
the sale to the debtor.