BRYANT AUCTION LLC

 

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  Auction Event  Ordinary Sale

Focuses attention on your property alone.

One of many properties being offered for sale

Seller sets the day of the Auction. You know when the property will be Sold!

Property may remain on market for months or years.

Aggressive Targeted Marketing utilizing Signs, Brochures, Newspapers, Email, Internet, Direct mail, Telephone, & more

Heavy reliance on Multiple Listing Service, minimal advertising.

Seller sets the terms of the Auction.

Seller must negotiate all aspects of the sale.

Auction creates a sense of urgency.

Price reduction commonly used to create buyer interest and activity.

No limit on upside potential. Realizes the property's true market value.

Upside potential limited by asking price.

Eliminates guesswork in determining the asking price of the property.

Seller risks overpricing and thus, property sitting on the market; or under pricing and selling too cheap.

Eliminates prolonged negotiations.

Negotiations can draw out over a long period.

Buyers compete to own and all offers are presented at the auction.

Multiple offers at one time are rare.

Property sold in 30 days thus eliminating expensive carrying costs.

Mortgage payments, taxes, insurance, etc. continue until property is sold. Length of time to sell is unknown.

Property sells contingency free.

Normally contingent upon buyer’s financing, inspections, appraisal, etc .

Non-refundable earnest money.                          

Refundable earnest money, buyer can back out easily.


BENEFITS TO THE SELLER:
  • Buyers come prepared to buy
  • Quick disposal reduces long-term carrying costs, including taxes & maintenance
  • Assurance that property will be sold at true market value
  • Exposes the property to a large number of pre-qualified prospects
  • Accelerates the sale
  • Creates competition among buyers - auction price can exceed the price of a negotiated sale
  • Requires potential buyers to pre-qualify for financing
  • The seller knows exactly when the property will sell
  • Eliminates numerous and unscheduled showings
  • Takes the seller out of the negotiation process
  • Ensures an aggressive marketing program that increases interest and visibility

May I set a Minimum Price/Bid?

Yes, Bryant Auction can help you with understanding comparables and recent appraisals that can be used to assist in suggesting a fair market price for your property.

Will my property close the same way as other sales methods?

Yes, with the exception that in most cases, you will have a  non refundable down payment! A closing or title company will assist in the closing.

What do I have to loose by auctioning my property?

Nothing! Over 60 billion dollars in property will be auctioned in the US this year! Use the chart to compare selling methods.

Invested in our community!