Considering an Auction?
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The Auction Method
...and how it can work for you!
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| Seller Frequently Asked Quesitons: |
Q: Can I set a minimum on my property?
A: Yes, we analyze the property and
consult with
you about a minimum or reserve price prior to sale.
The price is not advertised or disclosed to bidders.
Q: How am I protected if the final bid is
nowhere
near the price I am looking for?
A: You can reject final bid and we will
continue to
market the property for a short-listing period.
Q: Isn't this method usually a distressed
sale?
A: Absolutely not! In recent years the
popularity of
competitive bidding has exploded to estimate 28
billion in estimated sales.
Q: Who is responsible for paying the
commission on the sale?
A: In this area, it is common to charge a
buyer's premium. The premium is added to the final
bid price resulting in the buyer paying for the
commission.
Control:
The Seller remains in control, and has the option to
accept or reject any bid prior to final
confirmation
Convenience:
An auction eliminates numerous and unscheduled
showings, saving Sellers time.
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| COST |
The cost of the auction is typically covered by the
buyer's premium that is added to the high bid to
establish the final price of the real estate. In
addition, we work with you in developing
the best marketing plan for your property and
determining any upfront marketing costs to ensure
the most desirable outcome.
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Greetings!
The Auction Method is the most
efficient,
most reliable and easiest way to achieve your goal:
to get the most money you can for what you have
without any hassle. The use of the Auction Method
of Marketing for
the sale of all types of Real Estate is growing
rapidly. The idea that the an auction is a last resort
or only works best for distressed properties is no
longer true. Auctions provide a quick transaction,
save holding costs, and in many case, results in the
best net profit to the seller.
It is estimated, according to a study by the National
Association of Realtors (NAR), that one in every
three properties sold will utilize the auction method
of marketing within the next seven years
We are excited to have the
opportunity to work with
you in selling your home at auction. We understand
that selling a home can be stressful and we do all
that we can to help you through the process. The
auction method has become a great alternative for
many home sellers in obtaining the greatest amount
of money for their home in the shortest amount of
time. Here are just a few of the ways the auction
method can work for you:
Sincerely,
Jade Montrie, Auctioneer
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Benefits of the Auction Method
- The seller gets to determine the date and time at
which the property will be sold. Using the auction
method, property can typically be marketed and sold
within a four to six week time frame.
- A timely auction allows the seller to drastically
reduce holding costs such as taxes, insurance and
maintenance.
- An auction environment arouses the competitive
spirit among the prospective bidders.
- Setting a specific date and time of sale creates a
sense of urgency and forces the prospective buyers
to a point of decision.
- The seller can set the terms of the auction,
thereby avoiding lengthy negotiations of price and
terms.
- An advertising program is tailored to the seller's
property which will attract the largest number of
potential buyers. This insures a true "market value"
price for the property on the day of the auction.
- There is no ceiling price set on the property,
which allows the price to increase freely with no
limit.
- Historically, when the market is on the upswing,
public auctions have established the highest prices.
When the market is declining, an auction will capture
the current market price before values drop.
- The competitive bidding format creates
confidence among the buyers when they see other
people willing to pay a similar amount for the
property.
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| Minimum Recommended Marketing Plan |
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Local Newspaper Advertising |
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Online presence
Free listing on Montrie Auction Service Website |
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Auction Flyers
Full Color Brochures
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MLS Auction Listing |
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Signage |
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Sale to be conducted by:
Jade Montrie, Auctioneer |
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| ABOUT US |
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Jade Montrie is a licensed Real Estate Agent with
Ohio Real Estate Auctions. In addition Jade is a fully
licensed, insured and bonded auctioneer with the
State of Ohio. He is a recognized member of the
National Auctioneer's Association and the Ohio
Auctioneer's Association. Jade is a graduate of the
University
of Toledo with a bachelor's degree in business and
also has extensive experience in finance as well. In
addition, our creativity, graphic design abilities and
marketing skills set us apart!
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Content Copyright
2004 Jade Montrie Auctioneer
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