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Selling Real Estate Using the Auction Method National Auctioneers Association.

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Presentation on theme: "Selling Real Estate Using the Auction Method National Auctioneers Association."— Presentation transcript:

1 Selling Real Estate Using the Auction Method National Auctioneers Association

2 Selling Real Estate Using the Auction Method Property Sold at Auction Antiques Rare Collections Household Items Business Equipment Artwork Livestock Industrial Machinery Automobiles

3 Selling Real Estate Using the Auction Method

4 2006 Statistics   Residential Real Estate$16.0 Billion   Commercial and Industrial Real Estate $12.1 Billion   Land and Agricultural Real Estate $25.3 Billion

5 Selling Real Estate Using the Auction Method Growth in Sales for Real Estate Auctions (since 2003) Land and Agricultural Real Estate – 33.0% Residential Real Estate – 39.2% Commercial and Industrial Real Estate – 27.4%

6 Selling Real Estate Using the Auction Method Real Estate Auctions An Option, Not a Last Resort Recognized by the National Association of Realtors (NAR) as a Viable Sales and Purchase Option Economic Influence of Baby Boomers Internet Auctions and E-Commerce

7 Selling Real Estate Using the Auction Method Types of Real Estate Sold at Auction Foreclosures of Homes and Businesses “Hard to Value” Properties (waterfront homes, ranches, homes with historical significance) Properties That Have Not Sold by the Traditional Means

8 Selling Real Estate Using the Auction Method The Auction Advantage Quick Turnaround No Limit on Sales Price Knowing When the Property Will Sell No Contingencies Comparable Commissions Comprehensive Marketing Excitement of the Sale

9 Selling Real Estate Using the Auction Method Success Stories

10 Selling Real Estate Using the Auction Method of the Estimated Fair Market Value 85% to 105%

11 Selling Real Estate Using the Auction Method Can Any Auctioneer Sell Real Estate?

12 Selling Real Estate Using the Auction Method How Many Auctioneers Offer Real Estate Auction Services? Residential Real Estate Auctions 47% of auction companies Land and Agricultural Real Estate Auctions 42% of auction companies Commercial and Indus. Real Estate Auctions 23% of auction companies

13 Selling Real Estate Using the Auction Method National Auctioneers Association Committed to Excellence Members Abide by a Code of Ethics Offers the Accredited Auctioneer Real Estate (AARE) Designation

14 Selling Real Estate Using the Auction Method of Marketing

15 To Find an Auction Near You Go to www.auctioneers.org or www.onlyatauction.com

16 Selling Real Estate Using the Auction Method National Auctioneers Association


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