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Nationwide: Land Auction, Real Estate Auction, Florida, Georgia, Maryland

Posted in: Land Auction Analysis, Maryland, Land and Farm Auction, Commercial and Investment, Auction Marketing
By United Country Certified Real Estate
Feb 18, 2010 - 11:53:59 AM

Nationwide: Land Auction, Real Estate Auction, Florida, Georgia, Maryland
United Country
United Country Certified Real Estate



After we have set the land auction date there is a lot of work to be completed prior to the real estate auction date. As we talk about the land auctions in all states to include Florida, Georgia, Maryland, all states North to South and East to West can be promoted in land auction production. The steps are not complicated but are very time sensitive, once the Auction date has been set. But for now lets look at the days prior to the Auction.

Now that we have finished a majority of the marketing and have identified our most likely buyers to this point, it is time to let interested buyers come and inspect the property. Our project management team has been working with most of the people and have built a background on each one of them.  This is very important information for our preview personnel who will be on site.  It is the job of Showing Coordinator to not only give tours of the property but continue to build information on all the prospective buyers that we will use on sale day.

Waterfront Land For Sale
Waterfront Land For Sale
The real estate auction process will bring the urgency out of the buyers and make buyers inspect, look and ask questions. Ask yourself now how many offers have you had lately? Selling property at Real Estate Auction nationwide tells the same story time and time over. Good buyers and great sellers make land auctions work every time.


Information on the
real estate auction is power and the more information we have about prospective buyers means a stronger position during the event.  Our showing coordinators are the best in the business and are seasoned auction professionals who have spent years working with buyers of large land parcels.  They build value in the property and build on the lure of a bargain.  Even though they hardly ever get it, buyers are drawn to the chance of a bargain.  The lure is instinctive and we intend on feeding those instincts.  Greed is what will get people there to see your property and it also what keeps them from letting a property sell for below a true market value. A recent Georgia land auction had a buyer pay more than 1500.00 per acre than her last offer for the property. A Florida Land Auction had a seller (a tomato Farmer) accept a price lower than he wanted, but soon after closing the tomato market went to the bottom, needless to say the timing was excellent for that seller. Real estate auctions have shown sellers in many instances that the market price is real and when presented to a well qualified buyer at public auction can be the highest price paid in many cases.

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Maryland Farmland Auctions
The showing coordinator of the land auction is our eyes and ears prior to auction day.  They report to the Project Manager on a daily basis giving updates on number of tours, quality of tours and the quality of the potential buyers. They inform us of potential auction structures that might squeeze more money out of the potential buyers on sale day.  On auction day, since they have met most of the people that will be bidding, they now inform the auction team of any new information and give the team a background story on every person as they arrive to register to bid.  It is almost a guarantee that there will be people who have never seen the property or talked with us until the day of the auction.  As strange as it may sound, we have had people that come in 30 minutes prior to auction and ask to see the property and then pay several million dollars in a matter of 5 minutes.

There will be times that we encounter a potential buyer who refuses to participate in an auction or feels more comfortable not competing with other bidders.  Most of the time, these buyers will make an offer prior to the auction.  We will give you all the information you will need to make an informed decision on accepting, rejecting or countering these offers.

Most of the properties we represent will sell at auction unless there are underlying circumstances.  We might know that the high bidder has told our showing coordinator, during the preview period, that they would pay a price that is $200,000 higher than the winning bid that they have placed.  We can use this information in an attempt to work that higher price out of them immediately following the auction.

Recreational Land for Sale
Recreational Land for Sale
In the event that the property doesn't sell at the auction, our program is designed to sell property in all 3 stages of sale. First, we work our most likely buyers, those that are at the auction, and a majority of the time, we will get it under contract that day. In the event we don't, we start working our entire database to find the eventual buyer.  We have what every broker dreams about.  A list of qualified buyers interested in the property and a seller that is both reasonable on price and motivated to sell.  The auction has supplied us a mountain of opportunities.

   

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Certified Land Auction Services Nationwide



Certified Land Auction Services Nationwide

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