What is the benefit of Selling at Auction?
Time, speed, increase in price through competitive bidding, reduction in the cost of carrying a property, immediate attention focused on a specific property, and the creation of a sense of urgency to buy.
- Speedy Process, Quick Turnaround.
An auction is immediate. It happens during a set time and is completed during that time. It’s QUICK AND EFFICIENT.
- You Set the Time and Place of Your Sale.
It’s as simple as that. You work with the auction firm to schedule what works best for you.
- You Know Exactly When Your Property or Goods Will Be Sold.
There’s no wondering ifyour property will sell. IT WILL SELL, and it will sell during the set auction time.
- Comprehensive Marketing of Your Property.
Part of conducting an Auction is marketing it to the general public in order to get as many buyers there as possible. Auctioneers are MARKETING SPECIALITSand use a wide variety of advertising to generate a LARGE CROWD OF BUYERS.
- Buyers Come Prepared to Buy.
Unlike traditional buyers of Real Property, Auction goers come PREPARED TO BUY with money in their pockets. It’s a seller’s delight. For real estate auctions this is especially advantageous because buyers must qualify to buy through a deposit of a certified or cashier’s check.
- No Negotiations.
There is NO HAGGLINGover price or merchandise. The auction method isQUICK AND EFFICIENT. When people bid, they make a commitment to buy the property at that price without discussion or debate.
- No Leftovers and Little Clean Up.
Every item at an auction goes up for bid and every item is sold. How many of you have ever had a garage sale and when you’re finished, you spend hours packing up what didn’t sell and looking for places to store it? With an auction, there’s no worry about what to do with leftover items because there aren’t any.
- Competitive Bidding.
Auctions motivate buyers to perform. People get caught up in the EXCITEMENT & COMPETITIONof the bidding and many times this drives the price of items higher. To some it’s like a game, and they want to win at all costs (or hopefully for you, at high costs!) And did you know that 9 times out of 10, an auction brings in the fair market value, if not more, for any item put across the auction block?
- Exciting Atmosphere.
There’s no more exciting atmosphere than an auction. Crowds of people competing for property, combined with that lively auction chant makes for some great entertainment and fun. (Give them a sample of your chant.) It makes people feel good and makes them feel like spending.
- Auctions Work Well in Both Good and Bad Economic Times.
People love auctions, because they love sales. Statistics show, in a good or bad economy auctions remain a steady force. When the economy is bad, the auctions are always a good choice.
Properties Suitable for Auction:
Farm & Ranch