ABSOLUTE vs. RESERVE AUCTION: WHICH IS BEST?

The surest way to effect a sale is to auction absolute. Absolute auctions are advertised as selling regardless of price, which typically generates a much greater interest among qualified buyers. This results in greater auction attendance and the property realizing its greatest potential.

The alternative is to sell with a reserve, where a confidential reserve price is established and the seller has the right to ac­cept or reject the highest bid if it falls below the reserve. If the reserve method is chosen, it is imperative that the reserve price be realistic. We can help find comparable sales  to help you determine the best reserve price.

WHO PAYS THE AUCTIONEER FEES?

The buyer pays the auction fee in the form of a buyer’s premium that is added to the winning bid to determine the final sales price. This is one of the terms and conditions that governs the auction.

I'M NOT IN FINANCIAL TROUBLE. WHAT WILL PEOPLE THINK IF I AUCTION MY PROPERTY?

There are great differences in the marketing and public image of a voluntary auction, such as ours, versus a distressed property auction. Our auctions are positive, enthusiastic events designed to generate competitive bidding to secure the highest possible market price for your property. The vast majority of our sellers are people just like you, who are serious about selling and want to avoid the lengthy sales process of other methods.

MY PROPERTY IS PRICED BELOW THE MARKET; WHAT HAPPENS IF I CHOOSE AUCTION?

Often we find that price is not the primary reason for a property not selling.  Inadequate traffic -- resulting in insufficient interest -- is the primary cause for property becoming “stale” on the market. The auction process is the best way to revive interest in the property.

WHAT TYPES OF PROPERTY DO YOU SELL?

We auction all types of real estate from condominiums, single family homes, land, vacant property, commercial and invest­ment buildings to high-end luxury properties, country estates, golf courses and ongoing businesses.

WHAT CAN I EXPECT DURING THE MARKETING CAMPAIGN?

Our marketing staff will be working diligently to develop and implement every aspect of the marketing campaign from the date you sign the auction agreement. Your project manager will be working with all prospective bidders, generating leads and will also be available to answer any questions or concerns during the process.

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