Reduction in marketing cycle.
In good markets and low markets, auctions allow you to get your property sold quickly and efficiently.
Reduction in Costs of Ownership.
Once the decision is made to sell, the quicker the process can be accomplished the better. Even in good markets, interest rates fluctuate, thereby causing a risk in the marketplace, over which you have no control.
Targeting Qualified Buyers.
Each auction marketing campaign is carefully planned and thought out to insure all possible prospects become aware of your property and the opportunity afforded by the auction scheduled.
Negotiations Between Sellers and Buyers Defined.
Offers to purchase are made under predetermined conditions, which bidders have agreed to comply with.
Predetermined Terms and Conditions of Sale.
While many purchasers obtain financing on properties purchased at auctions, the contract is not contingent upon the ability to obtain financing.
Achievement of Fair Market Value.
The price is determined by a qualified purchaser at auction. Most properties, when offered by professional auction companies, bring prices that are fair to the seller and purchaser.
Reduction in marketing cycle.
In good markets and low markets, auctions allow you to get your property sold quickly and efficiently.
Reduction in Costs of Ownership.
Once the decision is made to sell, the quicker the process can be accomplished the better. Even in good markets, interest rates fluctuate, thereby causing a risk in the marketplace, over which you have no control.
Targeting Qualified Buyers.
Each auction marketing campaign is carefully planned and thought out to insure all possible prospects become aware of your property and the opportunity afforded by the auction scheduled.
Negotiations Between Sellers and Buyers Defined.
Offers to purchase are made under predetermined conditions, which bidders have agreed to comply with.
Predetermined Terms and Conditions of Sale.
While many purchasers obtain financing on properties purchased at auctions, the contract is not contingent upon the ability to obtain financing.
Achievement of Fair Market Value.
The price is determined by a qualified purchaser at auction. Most properties, when offered by professional auction companies, bring prices that are fair to the seller and purchaser.
“leverage current network of high value buyers and sellers in the local property market”
What is a reserve price?
Seller Benefits
Offers the seller an option where time is critical, to obtain liquidity
Creates competition among buyers where price can exceed the price of a negotiated sale
An auction generates excitement and heightens buyer interest
Exposes the property to a large number of pre-qualified buyers
Requires that potential buyers pre-qualify for loans
Property is sold as is without suspensive conditions
Accelerates sales; the property can be sold within three weeks of listing, removing the seller from a lengthy negotiation process
Reduce seller’s holding costs by reducing the time the property is on the market
An auction brings interested buyers to a point of decision; they must act now or lose an opportunity to purchase
An auction is a true market forum
The seller knows exactly when the property will sell
The seller sets the terms and conditions of the sale, maintains control of the property throughout the auction, and actively participates in the sale process
The auction is an aggressive, advance marketing program that increases potential interest in and awareness of a property
The Seller is able to move on to other investments and free up capital
Buyer Benefits
Purchase property at fair market value
Eliminate extended negotiation periods, reducing the purchase process
Do not have to worry about contingencies because purchasing and closing dates are known
Feel better about a purchase; just knowing there is a contending bid just one increment under purchase price
Buyers know property owners are motivated to sell
Buyers know property owners sell at lowest price possible
Buyers can receive favourable financing
Buyers set their own purchase price
“an auction benefits a seller in both strong and weak markets”
Firstly, the holding cost of the property is greatly reduced. The auction will terminate expenditures such as interest, taxes and maintenance.
Secondly, there is the cost of lost opportunities. With an auction, you are virtually guaranteed your property will sell within 30 days so you can avoid making double payments on the purchase of a “new” property.
Thirdly, if a property that is offered for sale by the owner, which remains on the market unsold, becomes “stale“, in addition to the escalating day-to-day cost of having an unsold property.
Our accelerated marketing campaign focuses the attention of true buyers on your property. By having an auction on a specific date, it forces the potential buyers to make a decision to purchase or lose the opportunity to own your property.
The traditional method, in contrast, has no time limit and if the property doesn’t sell, the solution is to lower the price with the hope of generating interest and maybe a sale in the future.
“leveraging our current network of high value buyers and sellers in the property market”
Stonehenge Auction Method
Focus is only on your property
Auctions create urgency and provide a catalyst to promote buyer interest
Realizes the property’s true market value with no limit on upside potential
Property sold without suspensive conditions
A guaranteed sale date can be given
Closings typically take place as scheduled (usually less than 30 days) due to a large non-refundable deposit The Traditional Agent
Traditional Model
A price reduction is typically needed to create buyer interest
Upside potential is limited by asking price
Suspensive conditions are common
No guarantee whether a property will sell, especially in a stagnant market
Many properties don’t close or closing is delayed because the earnest money deposit is too low and easily refundable
“when it comes to property investment,…we just get it…”
Not every property auction is a distressed sale!
The term “real estate auction” triggers images of foreclosures and liquidation.
A number of sellers are disposing their property at auction rather than using the more traditional sales method, either because they want to move relatively quickly or because they believe the bidding process will produce the highest price.
It pays to do your homework, whether you are buying or disposing.
Here are basic questions you should ask.
What is the auctioneer’s background, training and experience?
Do I know, going in, what the property is worth?
What is the auction going to cost me?
Did the auctioneer answer all my questions?
Have I attended a property auction recently?
Do I understand the auctioneer’s marketing plan and sales strategy?
Under what circumstances can I change my mind?
Am I protected if the sale does not go as planned?
Have I disclosed all the property’s defects?
We Deliver value by
I want to Auction my Property
Thank you for considering us! please download this property data sheet and upload or fax it to us. It will help us to assist you in getting the best value for your property.
Web browsers do not allow for filling in forms, so you need to download it first.