AUCTION: The "FIRM" and "TIME-DEFINED" Sale of Real Property by "COMPETITIVE BID".
Don't chase the market in these difficult times; Set the market! "The savvy seller realizes that time affects the bottom line in business."
Benefits of Selling Your Real Estate at Auction:
"After meeting with Mr. Napier and following his advise of an "Absolute Auction", we exceeded our original listing price. Due to his creative auction techniques and his team work with our commercial brokers, i would have to say our property auction was successful. Mr. Napier is a professional, enthusiastic, creative and truly cares for the success of his client. We will use his services again in the future. Thanks Gregg."
-Howard Lee Gatch III,Assistant Manager,KC and the Sunshine Band
- When time is a critical factor; a property auction sale can be managed effectively unlike traditional forms of marketing...
Real Estate experts agree and we've all heard it before, that the best time to sell a piece of real estate is within the first 30 days it is exposed to the market.
Real Estate auction campaigns are managed typically within 60 days from start to close date. Property sales that could have otherwise taken months or even years to generate activity and finalize are confirmed at auction within minutes. Our Auction group is here to serve you with excellence and integrity and our experienced marketing team will develop a plan for your Real Estate that discovers the market and attract those individuals most interested in purchasing your property.
- Auction sales create a sense of urgency that can't be reproduced by traditional Real Estate marketing
A real property auction is an exciting event and offering a property for sale at only a specific moment in time creates a certain sense of urgency. A sense of urgency that compels the buying public to seize that moment in time for decision or the opportunity is lost. Competitive bidding, instant confirmation of value by fellow bidders and this sense of urgency are all factors that help to make an auction sale like no other.
- Dramatic Growth in the sale of Real Property at Auction
In recent years the United States economy has experienced dramatic growth in the sale of real estate at auction. In fact, the auctioning of real property in this country is in the tens of billions of dollars and increasing annually. Property owners have begun to recognize the advantages of selling at auction and now know that it's not to be used just as a last resort.
- Business and inventory liquidation by auction
Need to close out a business and move excess inventory or equipment. The auction method of marketing has long been the most efficient and productive method of realizing the most dollar in the shortest period of time for that business equipment or inventory. Call us for a no obligation discussion concerning the value of your business inventory and the costs associated. Time is money!
Why Sell Your Real Estate at Auction:
- Property sold "as is-where is" no warranties or repairs.
- No contingencies, no subject to's, close in 30 days. Sometimes time is more critical than the bottom line.
- Zero commissions to seller.
- Estates(probate)-We are professionally trained and experienced in the appraisal and auction sale of both personal and real property . It is sold, closed and settled quickly and efficiently.
- Know the time involved from start to finish. Often times, an auction will help sellers meet deadlines needed to reap tax savings. (1031 TAX EXCHANGE) When time is as critical as the bottom line.
- Create a sense of urgency to buy and elevate the value of your real property.
- Brings buyers to a point of decision in moments, No negotiation or objections. Perfect for business liquidations where time is critical.
Choose from Three (3)Real Esate Auction Options that suit you:
Absolute Auctions-The property is sold day of auction to the highest bidder, regardless of price with no minimum bid requirements. This is the most productive type of Real Estate auction - this method often generates the greatest level of interest. NOTE: The auctioneer has the option of canceling an absolute auction, prior to bidding, if circumstances are deemed unfavorable to the seller.
Published Reserve- There is a minimum bid that is published in all advertisements and that must be met before the property will be sold. Now, we all know that the "ABSOLUTE AUCTION" is often times the best and most productive alternative; but sometimes it may just not fit the circumstances or perhaps our sellers are rightfully nervous about an uncertain outcome. Enter the "published reserve" auction. Here we are looking to create the same level of excitement and buzz as an absolute auction but with more control over outcome.
Unpublished Reserve- There is a minimum bid that must be met before the property will be sold. The price is NOT published for the public.
NOTE: We always strive to secure an opening bid, regardless of the type of auction pending. This increases the comfort level for our sellers and often times increases public participation in the auction event.
Call the auctioneer to discuss the relative merits of each form of auction and plan a strategy that's right for your situation and property.
Properties Suitable for Auction:
- Residential/single family and condominiums/estate properties (probate), etc.
- Commercial properties/Buildings and sites
- Multi Family Housing
- Farm/Land/Lots
- Industrial
- Business Liquidations
- Bank Owned Properties/Bankruptcy Properties
- Any high end or waterfront property where buyers may be scare or a bidding war may ensue, difficult to price or market properties and certainly any property where time is as critical as the bottom line.
Drop me a line and let's discuss your needs: sold@CharlestonRealEstateAuctions.com
Properties not suitable for auction
Over mortgaged or very low equity properties that would be difficult to sell in any market under any condition.
