Realtor - Basics & Benefits of Real Estate Auctions
National Association of REALTORS® talks about Auctions
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 non-distressed -- through open cry, competitive bidding.
Q. How will auction benefit me?
A.The real estate auction is a win-win proposition for everyone involved.
BENEFITS TO THE SELLER:
* Buyers come prepared to buy
* Quick disposal reduces long-term carrying costs, including taxes & maintenance
* Assurance that property will be sold at true market value
* Exposes the property to a large number of pre-qualified prospects
* Accelerates the sale
* Creates competition among buyers - auction price can exceed the price of a negotiated sale
* Requires potential buyers to pre-qualify for financing
* The seller knows exactly when the property will sell
* Eliminates numerous and unscheduled showings
* Takes the seller out of the negotiation process
* Ensures an aggressive marketing program that increases interest and visibility
BENEFITS TO THE BUYER:
* 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
* In multi-property auctions the buyer sees many offerings in the same place at the same time
* Buyers determine the purchase price
* Auctions eliminate long negotiation periods
* Auctions reduce time to purchase property
* Purchasing and closing dates are known
* Buyers know they are competing fairly and on the same terms as all other buyers
* Buyers receive comprehensive information on property via due diligence packet
BENEFITS TO THE REALTOR®:
* Generates a list of ready, qualified buyers
* Offers clients and customers new selling and purchasing options
* Increases revenue and market share
* Develops your own market niche
* Assurance that property will be sold at true market value
* Property is sold within a relatively short period of time
* Exposes the property to many potential purchasers
* Auctions bring people in to look at all your listings, not just the auction listing
* Successful auctions result in referrals and return business
* Agents can earn commissions as referring agent/broker, cooperating agent/broker, or as the listing agent/broker
Broker, Realtor and Salesperson participation is encouraged Broker-Agent Participation Sign Up Form
Learn more by calling Rick Bauer at 314-962-4200 or Paul Roesch at 618-407-8479 for a complimentary assessment or email Rick Bauer or Paul Roesch
Father Time® Auctions also offers:
Valuation and Appraisal Services on Personal Property
Equipment, Overland tractor/trailers, Construction Machinery, Inventories Farm Machinery, Process Equipment, Intellectual Property Rights, Restaurant Equipment, Marine Related, Intellectual Property Rights, Antiques,Vehicles, Business Inventories and Household Contents.
Home Office:
Father Time® Auctions
Rick Bauer, Auctioneer, Broker, AARE, CDPE, CES, Realtor, GRI, CRTS, CAGA
Paul Roesch, Auctioneer, AARE, CDPE, CES, Agent, CAGA - 618-407-8479 mobile
2850 Lawndell Drive
St. Louis, MO 63144
314-962-4200 office
314-614-3841 mobile
314-962-2573 fax
rbauer@fathertime.com
www.fathertime.com
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 non-distressed -- through open cry, competitive bidding.
Q. How will auction benefit me?
A.The real estate auction is a win-win proposition for everyone involved.
BENEFITS TO THE SELLER:
* Buyers come prepared to buy
* Quick disposal reduces long-term carrying costs, including taxes & maintenance
* Assurance that property will be sold at true market value
* Exposes the property to a large number of pre-qualified prospects
* Accelerates the sale
* Creates competition among buyers - auction price can exceed the price of a negotiated sale
* Requires potential buyers to pre-qualify for financing
* The seller knows exactly when the property will sell
* Eliminates numerous and unscheduled showings
* Takes the seller out of the negotiation process
* Ensures an aggressive marketing program that increases interest and visibility
BENEFITS TO THE BUYER:
* 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
* In multi-property auctions the buyer sees many offerings in the same place at the same time
* Buyers determine the purchase price
* Auctions eliminate long negotiation periods
* Auctions reduce time to purchase property
* Purchasing and closing dates are known
* Buyers know they are competing fairly and on the same terms as all other buyers
* Buyers receive comprehensive information on property via due diligence packet
BENEFITS TO THE REALTOR®:
* Generates a list of ready, qualified buyers
* Offers clients and customers new selling and purchasing options
* Increases revenue and market share
* Develops your own market niche
* Assurance that property will be sold at true market value
* Property is sold within a relatively short period of time
* Exposes the property to many potential purchasers
* Auctions bring people in to look at all your listings, not just the auction listing
* Successful auctions result in referrals and return business
* Agents can earn commissions as referring agent/broker, cooperating agent/broker, or as the listing agent/broker
Broker, Realtor and Salesperson participation is encouraged Broker-Agent Participation Sign Up Form
Learn more by calling Rick Bauer at 314-962-4200 or Paul Roesch at 618-407-8479 for a complimentary assessment or email Rick Bauer or Paul Roesch
Father Time® Auctions also offers:
Valuation and Appraisal Services on Personal Property
Equipment, Overland tractor/trailers, Construction Machinery, Inventories Farm Machinery, Process Equipment, Intellectual Property Rights, Restaurant Equipment, Marine Related, Intellectual Property Rights, Antiques,Vehicles, Business Inventories and Household Contents.
Home Office:
Father Time® Auctions
Rick Bauer, Auctioneer, Broker, AARE, CDPE, CES, Realtor, GRI, CRTS, CAGA
Paul Roesch, Auctioneer, AARE, CDPE, CES, Agent, CAGA - 618-407-8479 mobile
2850 Lawndell Drive
St. Louis, MO 63144
314-962-4200 office
314-614-3841 mobile
314-962-2573 fax
rbauer@fathertime.com
www.fathertime.com
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