REAL ESTATE AUCTIONS

Time is money.

Has a real estate associate ever wasted your time? Then they have wasted your money. They can only offer your property to one buyer at a time. Doesn't this create a buyer's market? Who's in charge? And the price goes down.

Florida Real Estate Auctioneers can change that to a seller's market. We will advertise to bring many buyers at the same time. Urgency and competition to buy are created. Buy this property today because it won't be available tomorrow. The value increases with every bid.

HOLDING COST

It really saves cost to offer a fresh property at auction. Owners are sometimes focused on only the LISTING PRICE and don't account for the expense of holding property for many months while on the market. Owners need to consider the high cost - payments, taxes, interest, maintenance and vandalism, that may result in diminished property values and higher insurance premiums. These costs can be dramatically reduced with the accelerated method of selling at auction.

The longer it just sits on the market, the more buyers will chip away at your price. Which generates more interest: a small "For Sale" sign, or a large OFFERED at PUBLIC AUCTION by FLORIDA REAL ESTATE AUCTIONEERS sign?

Consider selling it at auction before it becomes a TIRED PROPERTY that has been on the market so long that people overlook it.

Generate more interest and sell it quickly at a real estate auction.

PRICE CEILINGS

When you put a listing price of $100,000 on your real estate, a price ceiling has been created. Now the price will never exceed that mark. In the auction process the price is unlimited. It is not usual to receive 5, 10, or even 20 bids after that mark has been passed in a heated real estate auction.

At the same time the seller is not held to contingencies such as financing, inspections and bank approvals. Real estate sold at auction is usually sold as is with no warranty.

Closings are usually held in 15 to 30 days after the auction day. This relieves the seller of high pressure, worries, time delay-price drop tactics and huge expenses.

AUCTION COST

Florida Real Estate Auctioneers may charge a flat fee, regular commission or a buyers' premium. A buyer premium is a charge added to bid price that will equal the total contract price. Therefore the only expense that the seller will have is the cost of marketing the property (advanced fees are deducted from total cost), closing cost and due diligence materials (deed preparation, transfer tax or doc stamps, surveys, and prorated property taxes).