Why Sell Real Estate at Auction?
Simple; we can deliver 100% of the present cash market value for your property in about 4 to 6 weeks, usually with no seller commission.
The traditional cost for producing a real estate auction is 2% to 3% of the projected selling or reserve price of a property, pre-paid by the sellers which usually costs tens of thousands of dollars per property.
If you read the newspapers, listen to the radio or watch the news on TV; the message is nothing but doom and gloom about the real estate market, if you are trying to sell using the broken list, price, put up a sign and place it in the MLS methods, they are correct and your property can sit on the market for years with no bids or contingency "offers" while losing value each and every day.
The good news is an auction is an event where bidders "win" the property and are happy knowing they only paid one bid more than someone else was willing to pay. Competitive bidding will deliver 100% of the present cash market value for your property on a specific date all cash in as-is condition with no contingencies and a quick closing, with no seller commission. The buyer pays our commission, the escrow & closing fees in the spirit of 2000 years of auctioneer traditions.
HIGH IMPACT AUCTION MARKETING CREATES THE SELLING EVENT FOR YOUR PROPERTY:
- Personal promotion.
- Custom built Internet information page, with pictures, reports & community information.
- TV Commercials on local cable calling buyers to action
- Print advertising.
- Signs on-site (when allowed) and directional / bandit signs advertising the event.
- Internet bidding static eBay style and webcasting
- Internet ads to thousands of websites advertising your property will be sold on a specific date
- Inclusion in USA e-mail blast of up to 1,000,000 subscribers (opt-in non-spam e-mail list)
- Digital Bidder Information Packages available on-line 24-hours a day
- 2 to 3 scheduled property previews to create urgency (buyers preview at scheduled times)
- 3% Buyers agent realtor co-op commission to include the local real estate community
- NO SECRET ONE-ON-ONE NEGATIVE HAGGLING * SIMPLE UPWARD PRICING
- Live auction event.
1 In A Million AARE Auctioneer at your Service!
Less than 350 people hold the A.A.R.E. (Accredited Auctioneer Real Estate) designation, yet over 1-million properties were sold at auction in 2007.
Compare 350 A.A.R.E. Auctioneers selling over 1-million properties to 1,500,000 realtors selling a little less than 5-million properties.
Do the math and ask yourself who has the track record to deliver cash for your real estate regardless of the market conditions.
Do you want 1 in a million who delivers cash day in and day our or do you want 1 of a million who has never experienced a down market?
An auctioneer with the AARE designation has gone the 'extra mile' to ensure they offer the highest level of professionalism and the most up-to-date information when it comes to selling properties. Whether selling residential, agricultural, commercial or industrial properties, AARE auctioneers have enhanced knowledge in all pertinent areas, such as:
- Marketing techniques
- Financial/investment calculations
- Evaluating cash flow
- Holding-period analysis
- Tax consequences of buying and selling properties
- Multi-parcel real estate auctions
Service - Before, During and After the Sale
AARE Auction Company is owned and operated by A.A.R.E. & C.A.I. accredited auctioneer plus we are a government certified, nationwide real estate Auction Company that combines 2,000 years of auctioneer traditions with 21st Century technology and tools. We provide sellers of real estate a simple one-stop-shop to convert property of any type into cash on auction day, usually with no seller commissions.
- Targeted global reach direct marketing program
- Traditional 'Live' Auction with online Pre-bidding
- National Auctioneers Certified Auctioneer Billy Burke, CAI - AARE
- Webcast auction in real time with the auctioneer
- Certified home inspections from Housemaster Eastern Shore
- Professional due diligence packages available on-line to a global audience
- Short sale assistance for sellers who owe more than their property is worth
- Coordination of closing with local Title & Escrow companies
- Closeout reporting to government standards
How Does it Work?
If you want to sell your property at auction there is a one-time advance auction entry fee.
A typical home is $3,495 auctioned with reserve and $2,495 auctioned with no reserve, the pre-paid fees are rebated up to 100% at closing; $500 rebated for every $50,000 in contract price refunding pre-paid fees 100% at $350,000. A no-sale fee is charged to sellers who refuse the cash contract. Entry fees may be paid on-line using credit cards; e-check or entry can be done through the mail, whatever is best for you.
Many people are not comfortable with or even in a position to sell 'absolute' or without reserve to the last and highest bidder regardless of price. You are allowed to set a 'secret' minimum or reserve price to protect your position and peace of mind. The reason your reserve price is kept 'secret' is based upon our experience of knowing; that until there is a cash contract with a non-refundable deposit check sitting in front of you, everything is all talk and its human nature to play 'what if' about the price. If a property comes in at auction for less than your 'secret' reserve price we still write up the contract, hold the deposit check and allow you the seller 48-hours (or two business days) to decide if you want to accept hassle free cash in about 30-days. There is a similar process if we are presenting a short-sale request to your lender.
An auction will deliver a cash contract to bring you from the wishful 'what if' thinking if you are one of thousands of properties listed with no sales, into the reality of 'what now'?' with a sales contract in hand.
If your property is listed with an agent we can pay them a referral fee so you can enter the auction. The closing and settlement process is exactly the same as with any other real estate transaction using a local licensed, bonded and insured title company. You do not need to be present at either the auction event or closing for the property; everything is done via US Priority Mail, fax or e-mail.
Remember there are only two times property does not sell at auction:
- When one owes more than a property is worth (we can assist upside down negative equity sellers with the short sale process to sell for less than what they owe on a property) or
- When one wants more than a property is worth. (There has not been one time in the past 7-years when a greedy seller or lender who turned down auction cash has sold for more)
You may begin the process of entering your property on-line by clicking here.
If you have questions, please feel free to call me at 443-235-9656 to discuss your personal situation or allow us to explain how the process works in detail.
Thank you for the opportunity to deliver cash for your property.
Sincerely,
William F. Burke, C.A.I. - A.A.R.E. Auctioneer
443-235-9656 Direct Line
What is the next step to get started?
The process is simple and easy for sellers:
- Execute a Uniform Real Estate Auction Listing agreement
- Pay the $3,495 auction entry fee for a 'basic' home auction with reserve
- Fill out the property disclosure statement about your property
- Let us do the rest
If you are not sure and need more information, click here for a FREE auction analysis of your property
