auction sellers guide phil stover

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Selling Your Real Estate? Use an Auction For the Best Results!

Theres been an explosion of auction popularity in recent years Online merchandise auction sites Popular TV shows focused on auctions Did you know that in many countries around the world, auctions are the preferred way to buy and sell real estate? Our international friends in Ireland, Australia and some nations in Asia have long taken advantage of all the benefits of real estate auctions. You can, too.

When selling your real estate, would you like: A set date of sale? An accelerated sales and marketing time frame? Fast closing? Only qualified bidders with no contingencies? Competitive bidding that tends to drive up prices? No drawn-out negotiations. The bidders compete against each other Then Choose a Real Estate Auction!

2014 All Rights Reserved 2014 All Rights Reserved 2014 All Rights Reserved Auctions vs. Traditional Sale for Sellers AUCTION METHOD Overall accelerated time frame Bidders are pre-qualified and ready to buy Competitive bidding drives prices up Property sold at Fair Market Value Quicker end to carrying costs Scheduled, limited number of showings Set closing date, usually 30 days or sooner after the auction TRADITIONAL METHOD Sales process may take weeks or months Buyers often require financing or prior-sale contingencies Pricing steps typically go down Value is only an approximation based on similar properties sold Carrying costs drag on the entire length of sale process Unpredictable and often inconvenient showings Closing date is often TBD Heres a look at how an auction is better for the seller than a traditional real estate sale

Virtually all types of real estate can be auctioned Single family Multi-family Condos Townhomes Commercial Investment Special-use Land Agricultural And More!

Some Example Properties Hawthorne, Florida USA Tierrasanta, California USA Fishhaven, Idaho USA Gig Harbor, Washington USA

Omaha, Nebraska USA New Kent County, Virginia La Terranas, Caribbean DR Bonita, California USA

USA Auction Bidding Types How is your real estate auctioned? There are three popular options: Highest bid wins. Absolute Auctions generate by far the most interest among buyers because of the opportunity to win the property with just another bid. This typically means more money for the seller due to the competitive nature of bidding Minimum Bid Auction Absolute Auction Reserve Auction

Bidding begins at a minimum, acceptable price to the seller. Less popular among bidders than the Absolute Auction, a Minimum Bid Auction provides a starting point that a seller may feel more confident with, but the starting bid should not be unrealistically high as to discourage initial bidding. works with sellers to establish an appropriate and productive minimum bid. Only the seller, the auctioneer and the Auction Specialist with knows a confidential minimum price at which the property can sell. Bidders typically regard an Auction With a Reserve as the least attractive because of the unknown minimum threshold their bidding needs to reach in order to purchase the property.

2014 All Rights Reserved 2014 All Rights Reserved 2014 All Rights Reserved When is your Real Estate Auctioned? Working with our designated Auction Specialists, your property is typically ready for auction approximately six weeks after contracts are signed. This is an average time period based on the market and the type of property we are auctioning. During this period, we will market your property and assemble all due-diligence documents into a Bidder Information Package for buyers. There are three primary ways to sell a property at auction: Live, In-Person Event Online-Only Event Live / Online Hybrid Event Lets see how each of these methods are defined. Auction Methods These auction methods describe the length and the location of the auction. When most people think of auction, this is it. This type of event features a live auctioneer in an open-outcry setting. Qualified bidders raise their numbered paddles or bid cards when they wish to bid at the announced price, which is publically acknowledged by the auctioneer. A live, in-person event is typically held at a hotel ballroom or conference center for multi-property listings, or onsite at the subject property for a single listing. Online-Only Event Live, In-Person Event Live / Online Hybrid Event

Perfect for a listing or listings in which a live, in-person event isnt practical. Online bidding time is set for a narrow time frame or a broader time frame depending upon the marketing strategy preferred by the seller, in consultation with a specialist. Bidding is done by qualified buyers online, in real time, though the Online Bidding Platform. A great combination that melds todays technology with tradition to throw open the doors for bidding from virtually anywhere. Bidders in the room, across town or around the world can purchase real estate while sellers can have their properties exposed to buyers far beyond local markets. Question & Answer Q: Arent auctions used only for foreclosures and distressed properties? A: Absolutely not. Any real estate that can be sold can be auctioned. It simply is the fastest, most efficient and most transparent way to buy and sell.

2014 All Rights Reserved 2014 All Rights Reserved 2014 All Rights Reserved Question & Answer Q: I live in a definite sellers market in which multiple offers are made almost immediately when properties come up for sale. Why would I choose an auction? A: Despite multiple offers, you may end up leaving money on the table unless you let potential buyers compete openly against one another in an auction format. Question & Answer Q: Can you help me sell my real estate without an auction? A: Yes. Please use our contact information at the conclusion of this presentation. can provide the following marketing for your real estate. Some marketing methods are available only in multi-property auction events in which pooled advertising dollars are available to make certain purchases. Our marketing includes, but is not limited to: The website with a dedicated, customized listing page for each property Local Multiple Listing Service Additional real estate-focused websites Brochures and/or flyers Direct mail Social media News releases Company newsletter Newspaper ads TV and/or radio spots Billboards Guerilla marketing How we market

Marketing Examples SEARCH. DISCOVER. BID!Seemless buying processQuick closingOnline Bidding CapabilityNationwide Selection! Scott Blvd. Suite 209 1765Santa Clara, CA 95050T: 804.839.2694 CON TACTLisa [email protected] complete site for buying and selling real estate1 (650) 584-3741www.RealEstateAuctions.comCommercials Billboards Direct mail Flyers

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What will it cost to sell my real estate at an auction? Our listing fee and the marketing cost will vary, due to several important factors including: Type of property Method of auction Single-property auction or multi-listing auction Other We can best answer this question with a conversation. Please dont hesitate to contact us for more information and lets discuss your particular situation. How Much?

Making the Right Choices Well work with you every step of the way to determine the right solution for all the topics in this presentation, such as the type of auction (Absolute, Minimum Bid, Reserve), the method of auction (Online-Only, Live Onsite-Only, Hybrid), where to set the starting bid, and more.

Were knowledgeable about your local market and we have the experience to know what works for your particular real estate. Provide you with an easy checklist for all necessary documents needed for our Bidder Information Package. Take photos and post a listing on Conduct the marketing and provide you with weekly updates. Qualify all potential bidders Handle all aspects of the actual auction Collect earnest money Provide follow-up all the way to closing Who handles the details? We do! We will: $

About US Were a national real estate company specializing in auctions. Well sell your real estate using the fastest and most efficient way of bringing buyers and sellers together. was founded in 2010 by the CEO of a successful and well-known real estate brokerage of more than 20 years in Chicago. He began using auctions as a marketing method and soon decided it would become the sole purpose of the company because of the speed, ease and transparency auctions provide. is currently licensed in most states, with expansion to all 50 underway. In 2015, the company expects to expand internationally. Thank you! auction benefits for sellers, please contact me. Im happy to provide additional information. Phil L. Stover 469-583-7690 [email protected]

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