Father Time® Real Estate Auction Marketing Advantage for Sellers and Buyers
On the market for months or SOLD in 15 minutes Why Sell Real Estate at Auction? 314-962-4200
A Father Time® Real Estate Auction is a marketing strategy to get your property sold. In a buyer's market a Real Estate Auction is the most powerful marketing tool to create sold action on a property.
An Auction should be a Sellers' first choice, not a last resort, as there is no better way to bring buyers to the market place or draw attention to your property.
Zillow.com reports that The National Association of Realtors predicts that by 2010 one-third of all properties sold in the U.S. will be sold at auction. According to the National Association of Auctioneers, real estate auctions are generating $16 billion per year and growing as smart, motivated Sellers and Buyers catch on to these quick, clean and fair real estate transactions.
The Seller Benefits
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Zillow.com reports that The National Association of Realtors predicts that by 2010 one-third of all properties sold in the U.S. will be sold at auction. According to the National Association of Auctioneers, real estate auctions are generating $16 billion per year and growing as smart, motivated Sellers and Buyers catch on to these quick, clean and fair real estate transactions.
The Seller Benefits
- Seller pays no commission at auction-this is covered by a “buyer’s premium"
- Sell at full market value through competitive bidding, no limit on the sales price
- Quick Sale in as little as 30 days by establishing an exact sell date
- Quick disposal eliminates long-term carrying costs, including taxes & maintenance
- The seller knows exactly when the property will sell
- Seller Controls the Sale - No "seller concessions"
- An Auction is Clean. Property is sold "as-is", "where is" with no contingencies
- Creates competition among buyers - auction price can exceed the price of a negotiated sale
- Buyers are prepared to Buy they have pre-qualified financing
- An auction generates excitement and heightens buyer interest
- Brings interested buyers to a point of decision - they must act now or lose an opportunity to purchase
- Buyer Competition-The property is bid up in modest increments
- Assurance that property will be sold for true market value
- Saves Time--Eliminates numerous and unscheduled showings
- Ensures an aggressive marketing program that increases interest and visibility
- Once the auction-marketing program begins, sales on competitive properties that are for sale in the area are virtually eliminated until the auction sale is completed.
- The Seller actively participates in the sale process
- The Auction takes the seller out of the negotiation process
- Buyers know they are competing fairly and on the same terms as all other buyers
- Smart investments are made as properties are usually purchased at fair market value through competitive bidding
- The buyer knows the seller is committed to sell
- Purchasing and closing dates are known
- Buyers determine the purchase price
- Long negotiation periods are eliminated
- Buyers receive a comprehensive information package on the property in order to do due diligence
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Benefits to the Buyers
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Broker, Realtor and Salesperson participation is encouraged
Contact Father Time®Auctions to learn more at 314-962-4200
Home Office:
Father Time® Auctions
Rick Bauer, Auctioneer, AARE, CDPE, CES, Realtor, GRI, CRTS, CAGA
Paul Roesch, Auctioneer, AARE, CDPE, CES, CAGA, Agent
2850 Lawndell Drive
St. Louis, MO 63144
314-962-4200 office
314-614-3841 mobile
314-962-2573 fax
Paul Roesch mobile 618-407-8479
rbauer@fathertime.com
www.fathertime.com
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