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MICHIGAN REAL
ESTATE AUCTIONS
| Sometimes selling your
property can take much longer than you anticipated. Need to get your property sold quickly?
Here's the solution... |
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Auction it!
Michigan real estate auctions work very well
if properly orchestrated. In fact, in Australia, more
than 75% of their homes are sold via real estate
auctions.
The Parrott Team in
cooperation with their auction business partners will
conduct a real estate auction so you WILL sell your home in 30
days!
Our auction partner will
use their vast experience to present your property to
buyers in Michigan through an aggressive marketing campaign
employing direct mail, print media, specialty journals,
broadcast media, signage, telemarketing and personal
contact as appropriate to the property and the market.
Our partner has more than 15 years in the property
auction business.
At the auction, a
non-contingent real estate contract will be consummated
with a qualified purchase with closing completed within
30 days of the auction date. A backup offer is also
accepted should the first buyer not be able to close
though this rarely occurs.
You can choose from 3 types of Michigan real estate auctions
strategies:
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Absolute Michigan Real Estate Auctions
– With this type
of auction, it is guaranteed the property will
be sold to the highest bidder. The seller would
risk that it may be less than they desire but
there’s a great likelihood it would sell much
higher than anticipated since the number of
auction attendees significantly increases for
absolute auctions. The competition will raise
the selling price!
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Reserve Michigan Real Estate Auctions
– In this
auction, the seller is in control. The seller
can set the bottom line amount they will take.
They can set the price before auction and if it
sells above the reserve amount, the excess
belongs to the seller. If it does not meet
reserve, the property is not sold. However, if
the seller is attending the auction, they will
have a chance to accept the highest bid if it is
below the reserve. The risk is that if it does
not sell, marketing and advertising costs are
lost – but not totally because the seller now
has an audience who may still want to buy the
home later at a higher price.
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Minimum Bid Real Michigan Estate Auctions
– In this
auction, the seller sets a minimum bid price
that is the bottom line of what they will
accept. This bottom line figure should be an
attractive figure to draw interest to the
auction. Even though that will be the minimum
bid amount, many auction attendees will see the
minimum bid as a real deal and will bid up from
the bottom line price.
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If you would like to receive a packet
from
The Parrott Team and its Auction Partner,
contact Pat Parrott at Team Paradise Realtors.
Pat Parrott
Office:
248-270-4236
Fax: 248-270-4238
info@TheParrottTeam.com |
The Parrott Team, LLC
705 Barclay Circle, Suite 120
Rochester Hills, MI 48307
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