AAA Cash For Assets - Real Estate

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Real Estate

Why should you sell your Real Estate at Auction?

How can auctions benefit you, as a seller? Why are they the best way to sell property? Well, there are a number of reasons:

Auctions are a Time Sensitive Process, with Quick Turnaround.
An auction is immediate. It will happen at a set time and is completed during that time. Auctions are quick and efficient.
You Set the Time and Location of Your Sale.
It's as simple as that. Property and Homeowners will work with our auction firm to schedule what works best for you.
You will Know Exactly When Your Property or Goods Will Be Sold.
There is no wondering whether or not your property will sell. It WILL sell and it will sell during the set auction time.
Comprehensive Marketing of Your Property.
Part of conducting an auction is marketing it to the general public to get as many people there as possible. We run advertisements, distribute fliers, post on the internet and more. We are marketing specialists. A good marketing effort can easily bring 100 to 200 people to your auction, or more!
Buyers Come Prepared to Buy.
Auction goers come with money in their wallets, pockets and hands and are prepared to come home with property. It's a seller's delight. For real estate auctions this is especially advantageous because buyers must qualify to buy through a deposit of a certified or cashier's check.
No Negotiations. Auctions go UP in price, not down like traditional sales methods.
There is no haggling over price or terms. The auction method is quick and efficient. When people bid, they make a commitment to buy the property at that price without discussion or debate.
No Leftovers and Little Clean Up.
Every item at an auction goes up for bid and every item is sold. How many of you have ever had a garage sale and when you're finished, you spend hours packing up what didn't sell and looking for places to store it? With an auction, there's no worry about what to do with leftover items because there won't be any.
Competitive Bidding.
Auctions motivate buyers to perform. People get caught up in the competitiveness of the bidding and many times this drives the price of items higher. To some it's like a game, and they want to win at all costs (or hopefully for you, at high costs!) And did you know that 9 times out of 10, an auction brings in the fair market value, if not more, for any item put across the auction block?
Exciting Atmosphere.
There's no more exciting atmosphere than an auction. Crowds of people competing for property, combined with that lively auction chant makes for some great entertainment and fun. It makes people feel good and makes them feel like spending.
Auctions Work Well in Both Good and Bad Economic Times.
People love auctions, because they love sales. Statistics show, in a good or bad economy auctions remain a steady force. When the economy is bad, the auction industry does not feel the impact: people still flock to auctions.

AAA Cash For Assets

As soon as you contact us, we will begin the process of bringing your home to the auction market! Prior to our first meeting we will have gathered all of the important information required to make the decisions relating to the sale of your home or property. We will have tax information, assessments, comparable home sales in the area and trending information.

From this point we will be able to discuss with you absolute sales techniques versus selling with a minimum sales price, seller expenses and closing procedures. As the property owner you must be able to furnish us with any mortgage information, outstanding balances, tax liens and any known title issues with the property.

We will provide you with available Auction dates and together we decide what will work best to bring your property to market Quickly and Successfully. As with all Real Estate Sales Methods, a contract will be provided that details the transaction from both sides, that of the Seller and Auction Company. You will be provided with a Signed copy for your records and we will begin the Marketing Program as discussed. Signs will be placed on the property, the listing will be placed on the internet, appropriate advertisements will be placed in the newspaper.

We will conduct an Open House at the property at least one week prior to Auction time. During this last week, prospective buyers may do home inspections on their own or with the help of an outside company. The inspections if any will be at the expense of the buyer and are usually only for their information. The Auction Company will collect pre-bids on the property. These legally binding bids are opening bids submitted by prospective buyers with the intention of buying the property at auction.

Auction Day! Real Estate auctions are usually held at 10:00 am or 2:00 pm. The property will be open for inspection usually at least 2 hours prior to auction time. The Auction Company will take all opening bids as provided by potential bidders and determine the Opening bid price for the property. All properties listed will be sold with a 10% Buyer's Premium which is retained by the Auction Company for Services Rendered. Buyer's understand that a $100,000 bid will result in a total Sales price of $110,000. The high bidder is required to present a check for 10% of the high bid and will sign a Purchase contract along with the seller at the end of the auction.

The deposit check will be deposited by the Auction company into their escrow account until closing.

Property Closing. As specified in the contract, settlement will be within 45 days of Auction day. Penalties will apply to buyer's who fail to meet this deadline.

At closing, settlement will be made of any outstanding debts, i.e. the mortgage, attorney fee's, etc. and a check for the remainder will go to the seller.

Are you ready to go to Auction? If so, or if you have any further questions about the auction process, please Call Doug Stewart at 804-928-9678.

We look forward to serving you!

Featured below are some properties that have been sold using our Advanced Auction Marketing Methods: