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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

  Accelerated marketing and specific target marketing
    Real estate auctions offer the seller other creative means to selling property
    Auctions create competitive bidding among buyers
    Auction display ads grab attention and create interest and excitement
    Auction brings interested buyers to a point of decision
    Immediate on the spot decisions are made and properties are sold
    Everybody wants to win! An auction generates enthusiasm and heightens buyer interest
    An auction creates the greatest exposure in the shortest period of time
    Auction property is a priority for interested buyers because there is an auction date associated with the marketing
    Terms of the Auction are set by the seller and enforced by the Auctioneer
    Requires potential bidders be registered and qualified with certified funds on the day of the auction
    Eliminates sellers carrying costs and frees up money
    Auction determines market value on a given day in a specified market
    Auction removes all negotiations and headaches with the negotiating process
 
 
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