Tucker Auction Services
Real Estate Auctions
An auction creates urgency and demand through an intense, focused marketing campaign, driving qualified buyers to act quickly and competitively. This allows sellers to stay in control of the process and achieve true market value within a defined timeframe, even in slower markets.
The benefits
Advantages of real estate auctions:
Sellers can expect a sale at the highest price available in the marketplace within 6 to 10 weeks, irrespective of the stagnancy of the real estate market. Intense local, regional and/or national attention can be focused on the property, isolating all other competing properties
The auction creates an opportunistic buying environment, causing buyers to react favorably and quickly in an otherwise weak-reaction market. Buyers respond to an offering that is specified to the terms and conditions of the seller. Purchasers perform diligence prior to the auction and sign a non-negotiable binding contract upon winning the bid.
The auction stimulates the market through an intense and condensed marketing campaign, including concentrated public relations, media advertising, and direct mail.
The auction creates demand for the real estate and an urgency to buy where none currently exists. The auction allows sellers to be proactive in their sales and marketing plans and places them in control of their success, as opposed to selling property at the whim of the buyers.
How it Works
How does an auction sale work?
Without Reserve
(Also known as an Absolute Auction) There is no reserve or minimum bid; rather, the property is sold to the highest bidder regardless of price. A Without Reserve Sale is a strong calling card, however, it can sometimes create a higher degree of risk. It can also provide a higher degree of return.
Minimum Bid Sale
With Reserve No Stated Price
Best Properties for Auctioning:
- High Profile Properties
- Multi-Parcel Properties
- Luxury Properties
- Unique Properties
- Farms
- Estate Sales
- Investment Properties
