Our program is desinged to attract buyers within 30 days or less who are qualified and serious. With our diverse marketing strategy which includes but not limited to direct mail marketing, newspaper advertising, marketing on internet sites, and an e-mail newsletter to all of our auction goers and buyers list, we are able to promote your property to a wide audience.
You might wonder to yourself and ask; Who is going to show up to bid on my house? The auction creates a definite time and place for serious buyers and investors to respond to. We create interest, excitement, and competition among buyers. It creates a need to act for buyers and investors alike to come out and bid to purchase your home.
Q. What are the different form of auctions? A. There are two forms that an auction can take: "absolute" or "confirmation/reserve". At an absolute auction, the real estate sells to the highest bidder without minimum or reserve. This style of auction really stirs interest in the public and draws a strong crowd.
At a confirmation/reserve auction, the seller has the right to accept (confirm) or reject the last bid price at the auction. Your reserve price will be confidential and an offer will be presented to you by the end of the day.
The form of the auction depends on a number of factors, including market conditions such as location, declining or appreciating market, physical condition of the property as well as financial constraints such as mortgages and liens. Our recommendation of the form of auction is based upon years of experience in this marketplace and our commitment to bringing you the top market value for your property. Auctions are becoming very popular with homebuyers. Nationwide, many of the rich and famous are using auctions to promote and sell their large expensive homes within 30 days. Why take 3 to 6 months to sell a property? You will have a market value offer for your home ready to sign and it can take only few weeks with a professional auction company!
The time value of your money is important. Take advantage of our auction experience. Lets talk together in the near future about your property and the exciting benefits of an auction sale.
Frequently Asked Questions
Q. What is the advantage of auctions over conventional sales? A. The speed at which the property is sold and true market value is achieved.
Q. Why should I sell or buy real estate through an auction? A. A real estate auction is beneficial for all parties. For the seller, a real estate auction is a way to sell property at an accelerated pace; it guarantees a sale date without contingencies. The inherent efficiency in the auction process enables the seller to eliminate long term carrying costs, including maintenance, real estate taxes, interest and insurance. The competitive bidding atmosphere of a well designed and executed auction campaign gives the buyer an opportunity to purchase property at a price they establish, but only first after having "competed" for the property.
Q. How fast can I get offers on my property? A. 14 to 21 days.
Q. What are the different form of auctions? A. There are two forms that an auction can take: "absolute" or "confirmation". At an absolute auction, the real estate sells to the highest bidder without minimum or reserve. At a confirmation auction, the seller has the right to accept (confirm) or reject the last bid price at the auction. The form of the auction depends on a number of factors, including market conditions such as location, declining or appreciating market, physical condition of the property as well as financial constraints such as mortgages and liens. Our recommendation of the form of auction is based upon years of experience in this marketplace and our commitment to bringing you the top market value for your property.
Q. What is the cost to the seller? A. The only cost to the seller is a marketing and promotional fee.
Q. What happens in the event of a no sale at the Auction? A. We simply do not drop you like a hot potato. We continue to market your home for 90 days after the auction. Many times homes are sold after the initial auction if not sold at the auction.
Q. Who pays the auctioneer's commission? A. The commission is paid for by the buyer in the form of a buyer's premium.
Q. Where is the auction held? A. On-Site, At the Property. The Auction maybe held at a disclosed location if neccessary.
Q. What if nobody wants my property? A. We hear this occasionally. The truth is that many buyers exist for all properties. When Jacobson Auction and associates are employed to sell your property at auction, true market value is attained. Buyers come to our auctions and bid competitively for the right to buy your property.
Q. If I have an auction, will everyone think I had to sell ? A. Auctions are not last ditch efforts. The most savy of sellers actually prefer auction marketing and frequently select the auction method of marketing as the best method of sale. Using the "time value of money", an auction sale price today may be worth more than waiting for the right buyer in a negotiated sale in six months or a year especially after deducting carrying costs and interest.
AUCTION QUOTES:
FORTUNE MAGAZINE "Auctions are increasingly popular sales vehicles in today's sluggish market."
SUN SENTINEL MONEY MATTERS "An auction notice isn't always a sign of distress. A homeowner in a sluggish real estate market can make more money in the long run by auctioning off the property quickly, even if the selling price is less than optimum, and then investing the money. The big advantage to auctioning the property is the speed at which the property is sold."
REAL ESTATE TODAY "Auctions are certainly getting more press today. Perhaps you should try this path."
PALM BEACH POST "Residential property auctions are quick and lucrative. It's become more of a trend."
CONSUMER REPORTS "Going once, going twice your next home?"
