Selling at Auction (non distressed Sale)
Selling Property on Your Timeline, on
Your Terms
The Sullivan Auction Advantage
As a seller,
you do have other options than selling
traditionally through a real estate broker.
Not every property is suited for a sale at
Public Auction-but leave that part to us. We
can evaluate the property and the situation
to see if a PUBLIC AUCTION works for you.
A Public
Auction brings all interested parties into
one place at the same time for a single
purpose to sell! The auction is a quick
efficient way to determine who will pay the
most for the property. All interested
parties are "forced" to make a decision.
The terms of
the auction are established by the seller.
All buyers are bidding on the property based
on a common set of terms and conditions. All
bidders are on the same level when making
bids on the property. A major benefit to the
seller is the property is being offered
without any contingencies at all. The seller
sets the terms and the auctioneer carries
them out.
The
Auctioneer works closely with the seller
(and or their attorney) to draft and
finalize a purchase and Sale Agreement. When
the auction is over the seller, buyer and
auctioneer have a completed Purchase & Sale
Agreement. The Auctioneer assists the buyer
and follows through with anything and
everything, to see that the process runs
smoothly and the property closes according
to the terms of the auction.
Not all
properties are suitable for auction. We
evaluate every property on its own merit. We
assess the situation with the seller and
realistically look at the highly probable
outcome and mutually determine if an auction
will work.
For a no
obligation consultation please call S & S.
We will be happy to discuss your situation
with you and determine if the auction
process is a tool that may work for you.
Sullivan &
Sullivan Auctioneers gives property owners
the advantages of speed and control. A
competitive auction environment with
multiple motivated bidders means fewer
dollars left on the table. Every new bid
reinforces the market value of the property
and capitalizes on each buyer's tremendous
need to win. Who doesn't want to be the high
bidder? Top bidders win because they pay
what they wanted to and sellers accept
because they have been satisfied.
We create a
competitive environment that cannot be
duplicated outside of a public auction
setting. In one place at the same moment
interested parties converge for a single
purpose. Everyone is a player who has done
the homework and came prepared to make a
deal. On the spot, bidders are "forced" to
decide whether to bid higher, making the
auction process the quickest and most
efficient way to determine who will pay the
most for the property.
While all the
exciting action on auction day is focused on
the bidder, the time leading up to the sale
has been all about the seller. We work
closely with the seller (and/or the seller's
attorney) to establish the terms of the
auction. We draft the Purchase and Sales
Agreement and finalize it based on the
seller's desires. Bidders arrive on the day
of the sale knowing they are all on the same
level playing field with a common set of
terms and conditions. No contingencies are
allowed.
Once the
gavel has been lowered, we expertly assist
buyers through the final steps. The ultimate
goal is a transfer of ownership carried out
smoothly according to the seller's terms of
the auction.
Not all
properties are suitable for auction, but
auctions have become increasingly popular
options for individuals who want to
liquidate almost any type of personal
property. Auctions are most often associated
with selling household items, livestock and
antiques. But auctions involve so many more
possessions: automobiles, office equipment,
art, machinery, industrial equipment, and
electronics. One very rapidly growing area
is real estate. More and more people are
buying and selling their homes and land by
the auction method.
We evaluate
every property on its own merit. We assess
the situation with the seller, realistically
look at the highly probable outcome and
mutually determine if an auction will work.
For a
no-obligation consultation please call S &
S. We will be happy to discuss your
situation with you and determine if the
auction process is a tool that may work for
you.
Wildly Popular, Auctions are Sellers' Best
Strategy for Getting their Property Noticed
Research
shows that auctioneering is an industry on
the rise. Today, more than half of the total
U.S. population has attended a live auction.
The reasons
for the increase in popularity are numerous.
They're entertaining. Attendants know
they'll find something unexpected and
original. And they come expecting good deals
and great values. On average, consumers are
willing to drive 1.3 hours to attend a live
auction, with 75% bringing the family when
they go.
Advantages of Using the Auction Method to
Sell Your Real Estate
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Accelerated marketing and specific target
marketing |
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Real estate auctions offer the
seller other creative means to
selling property |
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Auctions create competitive bidding
among buyers |
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Auction display ads grab attention
and create interest and excitement |
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Auction brings interested buyers to
a point of decision |
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Immediate on the spot decisions are made
and properties are sold |
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Everybody wants to win! An auction
generates enthusiasm and heightens buyer
interest |
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An auction creates the greatest
exposure in the shortest period of
time |
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Auction property is a priority for
interested buyers because there is an
auction date associated with the marketing |
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Terms of the Auction are set by the seller
and enforced by the Auctioneer |
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Requires potential bidders be registered
and qualified with certified funds on the
day of the auction |
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Eliminates sellers carrying costs and frees
up money |
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Auction determines market value on a given day in a
specified market |
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Auction removes all negotiations and
headaches
with the negotiating process |
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