Watson
Auction &
Realty,
L.L.C.
Licensed in AL (#1831), GA (#AUNR002950) & FL
(#AU3264)
"Have Gavel, Will
Travel!"
654 Lynn Jarvis Road ● Dothan, AL 36303
Office: 334-596-2312 ● Fax: 334-673-1456
FAQ'S
fAQ's?
What is an Auction?
An auction is a very rapid and effective way to market and sell property, both real and personal, in a public sale. It involves an intensive, targeted marketing plan designed to focus attention on your property, and providing qualified buyers competing for your property with no contingencies as opposed to your property competing with other properties in the traditional sales methods.
Why should I sell my property at auction?
- It is targeted to prospective qualified buyers.
- Buyers are motivated.
- Buyers compete for this property rather than this property competing with other properties with the buyers.
- Seller sets terms and conditions of sale and time of sale.
- The sale is with no contingencies, such as financial (buyers are qualified); or repairs; buyers can inspect the property and know its condition before bidding for the property.
Aren't all auctions "desperate", last resort efforts to sell property?
NO! More and more sellers are choosing the auction method of marketing to speed the sale, cut holding costs of taxes, insurance and mortgage payments thus freeing their money for other uses. Auctions bring fair market value for the property offered.
What kinds of auctions are available for the sale of my property?
- Auctions with reserve or "subject to owner's confirmation" (The owner has the right to accept or reject any bids on the property being offered.
- Absolute Auctions. In this case, the property sells to the highest bidder regardless of the price.
- Sealed Bid Auctions. Sealed bids are placed in advance of a specified time by persons interested in the subject property. The bids are opened at the specified time. Sealed Bid Auctions may be "With Reserve" or "Absolute".
Why should I buy at a real estate auction?
- The seller is motivated to sell on sale day.
- Due diligence is provided ahead of time to prospective buyers; i.e.: zoning, restrictions, easements, etc., thus buyer knows what they are buying at the time of sale.
- Auctions are conducted in an open forum to assure fair and competitiveness in bidding thus assuring a fair market price.
- Buyer sets his price.
- Buyer knows what others would pay for the property.
Why should I consider the auction method of marketing as a selling tool?
- It is an alternate method of marketing to offer clients in disposing of property.
- Offers clients a method of rapid sale at "fair market value", thus reducing holding costs on property.
- Earn more commissions from referrals on difficult to sell properties.
- Earn commissions by bringing a successful high bidder to the sale.
- By cooperating with the auctioneer, generate leads of qualified buyers who attended the auction but were not the successful high bidder.
Col.
Joe
F.
Watson,
AL
#1831
AUCTIONEER &
REAL
ESTATE
BROKER
Copyright © 2007 Watson Auction Services LLC - All Rights reserved