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Auctions are one of the oldest and best ways to get fair market value for your property. In today's market, many
sellers of high-end homes and commercial properties are turning to real estate auction houses to get top
price for their properties ($67 billion in 2005). It is the fastest growing method of selling real estate in the U.S.
When the market is slower, auction groups can accelerate a sale. In a hot market, a good auction group can
still bring sellers a larger pool of potential buyers. In any case, an auction group can maximize offers by
generating competition within a seller's compressed timeframe.
Do you have any real estate, including residential, commercial, industrial or agricultural, in Tennessee,
Arkansas and Mississippi - or, in other states, including Florida - that you would like to auction?
There are many advantages to the Seller, including:
Speed of the process - The sale date is set at the time of the contract and is usually within 45 days. You have
the comfort to know the exact date the property will sell and about when it will close so plans can be made to
move on. In a traditional sale, there is no way to predict how long you are going the on the market.
Aggressive Marketing Campaign - Because the marketing period is finite and is compressed into a few short
weeks, everyone in the market will know that your property will be sold on the auction date. Therefore, this will
make your property stand out from the remaining properties in the area. A detailed marketing plan is
developed by the Auctioneer and is presented to the seller for approval. Generally, the marketing plan
includes direct mail, local, regional and targeted print advertisements such as newspapers, the website, and
other marketing avenues that may include radio and/or television. There will property signage designed to
create an immediate impact, open house presentations (if applicable), and auction event production.
Fair Market Value - The most important element of the auction process is Competitive Bidding. An auction
brings buyers together at one time and place to compete with each other for the high bid. Since everyone in
attendance knows that the property will be sold, the competition is created and creates a sense of urgency
that can not be created by any other selling method. Through competitive bidding we achieve fair market value
for the property. When you have unrestricted bidders competing one against the other, you know that the high
bidder has paid a full fair market price for the property.
sellers of high-end homes and commercial properties are turning to real estate auction houses to get top
price for their properties ($67 billion in 2005). It is the fastest growing method of selling real estate in the U.S.
When the market is slower, auction groups can accelerate a sale. In a hot market, a good auction group can
still bring sellers a larger pool of potential buyers. In any case, an auction group can maximize offers by
generating competition within a seller's compressed timeframe.
Do you have any real estate, including residential, commercial, industrial or agricultural, in Tennessee,
Arkansas and Mississippi - or, in other states, including Florida - that you would like to auction?
There are many advantages to the Seller, including:
Speed of the process - The sale date is set at the time of the contract and is usually within 45 days. You have
the comfort to know the exact date the property will sell and about when it will close so plans can be made to
move on. In a traditional sale, there is no way to predict how long you are going the on the market.
Aggressive Marketing Campaign - Because the marketing period is finite and is compressed into a few short
weeks, everyone in the market will know that your property will be sold on the auction date. Therefore, this will
make your property stand out from the remaining properties in the area. A detailed marketing plan is
developed by the Auctioneer and is presented to the seller for approval. Generally, the marketing plan
includes direct mail, local, regional and targeted print advertisements such as newspapers, the website, and
other marketing avenues that may include radio and/or television. There will property signage designed to
create an immediate impact, open house presentations (if applicable), and auction event production.
Fair Market Value - The most important element of the auction process is Competitive Bidding. An auction
brings buyers together at one time and place to compete with each other for the high bid. Since everyone in
attendance knows that the property will be sold, the competition is created and creates a sense of urgency
that can not be created by any other selling method. Through competitive bidding we achieve fair market value
for the property. When you have unrestricted bidders competing one against the other, you know that the high
bidder has paid a full fair market price for the property.
Auction services
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Unlimited Ceiling - In traditional sales methods, the seller sets a price that "caps" the amount that
the seller can achieve for their property. Normally the List Price is negotiated downward. In an
auction, records can and have been broken for property by starting low and allowing the Auctioneer
to continue to ask for higher and higher bids until the last and high bid is achieved.
the seller can achieve for their property. Normally the List Price is negotiated downward. In an
auction, records can and have been broken for property by starting low and allowing the Auctioneer
to continue to ask for higher and higher bids until the last and high bid is achieved.
Save money - Holding costs are reduced by reducing the amount of time from now until the property is closed.
This reduces taxes, interest, utilities, maintenance and all other ownership costs.
No Sales Commission - The marketing fee will be your only cost. You pay no commission; the purchaser pays
our fee in the form of a 10% Buyer’s Premium, which is added to their bid.
Controlled Inspections - A date(s) will be set for the Open House well in advance; it will be for 3 hours on the
Sunday before the auction date. You will not be subjected to unscheduled or numerous showings.
No Seller Negotiations – This process takes the seller out of the beleaguering task of negotiating the sales
price. Buyers come and competitively negotiate among themselves for the highest offer to be presented to you
to consider.
No Contingencies – The buyer signs a “No Contingency” sales contract on the day of the auction. Furthermore,
they post a non-refundable bid deposit to guarantee closing within 30 days. This eliminates worrying whether
the offer is good or not or if they are going to close. Again, peace of mind for the seller!
Sold “As Is” - All property is sold “As Is”; there are no warranties whatsoever except good and marketable title
to the property. There is NO Seller’s Disclosure form to fill out.
Buyers Prepared - All buyers come prepared to bid and buy; they have done their homework, been to the open
house and have their own value in mind when bidding. They have a non-refundable bid deposit ready to be
place in escrow to guarantee the closing.
Our auction group has experienced and professional sales associates who specialize in real estate auctions.
The entire process has been designed for you, the seller, to sell your property quickly for full fair market price.
Give us a call today at 901.795.1425 and let's get started on preparing your auction marketing plan.
Before you know it, you could be depositing a check in the bank! (Maybe quicker than if we put a sign in yard?)
This reduces taxes, interest, utilities, maintenance and all other ownership costs.
No Sales Commission - The marketing fee will be your only cost. You pay no commission; the purchaser pays
our fee in the form of a 10% Buyer’s Premium, which is added to their bid.
Controlled Inspections - A date(s) will be set for the Open House well in advance; it will be for 3 hours on the
Sunday before the auction date. You will not be subjected to unscheduled or numerous showings.
No Seller Negotiations – This process takes the seller out of the beleaguering task of negotiating the sales
price. Buyers come and competitively negotiate among themselves for the highest offer to be presented to you
to consider.
No Contingencies – The buyer signs a “No Contingency” sales contract on the day of the auction. Furthermore,
they post a non-refundable bid deposit to guarantee closing within 30 days. This eliminates worrying whether
the offer is good or not or if they are going to close. Again, peace of mind for the seller!
Sold “As Is” - All property is sold “As Is”; there are no warranties whatsoever except good and marketable title
to the property. There is NO Seller’s Disclosure form to fill out.
Buyers Prepared - All buyers come prepared to bid and buy; they have done their homework, been to the open
house and have their own value in mind when bidding. They have a non-refundable bid deposit ready to be
place in escrow to guarantee the closing.
Our auction group has experienced and professional sales associates who specialize in real estate auctions.
The entire process has been designed for you, the seller, to sell your property quickly for full fair market price.
Give us a call today at 901.795.1425 and let's get started on preparing your auction marketing plan.
Before you know it, you could be depositing a check in the bank! (Maybe quicker than if we put a sign in yard?)
