Trademark Real Estate is excited to announce a partnership with Fowler Auctioneers in Hot Springs. The goal of our partnership is to find the best and fastest possible way to market property for our Sellers. With the team work of the two organization, it is one of the best options that Hot Springs has seen for prime marketing of property.
Once the process of an auction property begins, it is just a few weeks until buyers will be standing outside your property. The auction process causes multiple buyers to compete at the same time and place to purchase property.
Keep in mind that with other selling methods, the buyers are in control of the process, starting with an asking price, negotiating down, and with no time pressure to close the deal. With almost every other method, competition exists only between sellers.
Auctioning is the exact opposite; competition exists between buyers. After the opening bid, negotiations only go up; buyers know that they have only a limited time to make their purchase. Bidders are caught up in the rush of a timed auction, and competitive bidding drives selling prices higher and higher.
There are two basic approaches to selling your property at auction:
In an absolute auction, the seller agrees to sell the property regardless of the price. Generally, absolute auctions tend to bring much larger crowds of buyers who have already researched the properties for sale, which gives the seller a definite edge. Also, bidders have the knowledge that the property will be sold no matter what, which leaves the highest bidder position infinitely open in the mind of potential buyers. This makes for more fast-paced, intense bidding which in turn tends to drive selling prices to their highest available amount at that time.
Reserve auctions, though not as intense as absolute auctions, provide a safety ledge for sellers. This is due to a reserve amount the seller requires to be met in bidding. Even though this type of auction is generally not quite as popular, if it is properly done with a realistic minimum set, it does share many benefits with absolute auctions: both types always bring the highest available sale price at the time and the buyers are competing with each other instead of sellers, constantly driving the sale price higher and higher.
Benefits of an Absolute Auction
- Absolute auction tells the public that the property will sell regardless of price.
- Brings serious buyers who know the property will be sold right then and there and have already done their homework concerning the property for sale.
- Buyers compete more urgently while constantly raising the sale price
• Allows you to be confident of selling at the highest price available at that time. - When selling your real estate, from the time you choose to have a Fowler Auction, your real estate can be SOLD in eight to ten weeks, or by whatever schedule you choose.
For more information on our newest service contact Trademark Real Estate today at 501-318-3200.
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