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Why
Buy at Auction?
Because it’s
thrilling, because it’s exciting, because it’s fun,
because it’s smart! The first choice in marketing: The auction
has become a desired form of marketing and is now considered a
“first choice” of converting real estate holdings into
cash. In 1980 $10 billion was sold through the auction method.
In 1999 over $49.5 billion was sold. It is estimated, according
to NAR, that one in every three properties sold within the next
six years will utilize the auction method. The reasons for the
growth are many, but the main reason is that it works!
Other than
being one of the most thrilling things you’ll ever do, here’s
why you should consider buying at auction:
- Buying
at auction has a built-in assurance that you’re buying
‘worth the money’ as you’re only paying one bid
over what the next bidder was willing to bid
- The RAREST & finest antiques, automobiles, real estate and estates
are sold at auction
- There is
no long term negotiating or market haggling
- You know
you are competing fairly and on the same terms, through the
open forum, as all the other buyers
- You, the
buyer, determine the purchase price
- You know
what day you’re going to purchase and what day you’re
going to close - saving you valuable time
- Possession
dates are often immediate
Bidder
Tips:
You have
done your homework and are totally ready to take full advantage
of the auction process
Aggressive
bidding gets the job done. Only one bidder can win. You can’t
buy at your price unless you bid your price. Most bidders will
be thinking in the same price range. The one who bids that number
first wins the day.
Why is the
owner selling at auction? The auction allows the Seller to get
the job done now on a timely basis. To turn his/her assets into
cash the most cost effective way possible. Ordinary marketing
programs are very intrusive to families/sellers, and sometimes
take months or years to get the job done. AUCTION MARKETING
TAKES JUST WEEKS!
Buying at
auction has never been easier. Buying right is buying at auction!
5
SIMPLE MUSTS TO BUYING AT AUCTION:
- Inspect & investigate the property in advance of auction day. Take
advantage of previews & open houses.
- On auction
day show up early (1 hour before) to register to bid.
- Bring required
deposit (cash, cashier’s check or pre-approved funds).
Funds are only relinquished if you are the successful bidder.
- Listen
closely to the Auctioneer’s instructions. Listen closely
to the Auctioneer’s chant. He/she is calling prices as
he/she receives them and calling out the next bid available.
- Bid only
what you can afford and drop out of the bidding when the price
goes higher than you want to pay.
Auctions are
fast paced and very exciting. It’s not unusual to be nervous.
If you’ve never attended an auction, or are a little nervous,
let us know. We’ll help you one on one - we’ll take
you through the steps and answer your questions. We‘ll have
you bidding like a pro. There are several ways to bid at auction.
We prefer bidders be on site, however, we allow phone bidding,
fax bidding, absentee bidding, proxy bidding and live bidding
on the internet with some properties. Of course, all off-site
bidders must pre-inspect, pre-register and meet all terms well
in advance of auction day. You’re invited to attend any of
our upcoming auctions. Get comfortable with the process. Fair
warning - it’s addictive.
RARE
Auction Group
Robert Alexander
Real Estate
& Auction Co.
1860 Lone Oak Road
Paducah, KY 42003
Phone (270) 554-5212 * Toll Free (800) 307-SOLD (307-7653)
E-Mail: robert@rareauctions.com
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