Jason Wade

Buying at Auction

Auctions are rapidly gaining in popularity as a proven method to buy and sell real estate. Auctions generate excitement because of the time-limited aspect of the transactions. They can also provide flexibility to accommodate individual needs. Most importantly THEY WORK.

Virtually all classes of real estate are sold at John Dixon & Associates’ auctions. We routinely offer properties from individuals, financial institutions, trustees, REITs, hedge funds, and major corporations.

We welcome you to read more about JDA and the auction process … and we look forward to seeing you at an auction soon!

The Advantages of Buying at Auction

• You set your purchase price
• Eliminates long negotiation periods
• Opportunity for a good value
• Transparent, simple transaction
• Guaranteed insurable title
• Our team is dedicated to making the process simple and for you

Things To Know Before You Bid

• Auctions are open to the public
• Properties marked “Absolute” sell regardless of the price
• Online Bidding – Registration is open about 7 days prior to the event. Make sure to review the online bidding terms as well as the general terms and conditions for each property being auctioned
• Live Bidding – Registration is open one hour prior to the event. Make sure to review the terms and conditions for the auction. You will need to bring a drivers license or other photo id for registration
• If you are bidding on behalf of someone else make sure to bring a notarized power of attorney
• Earnest money deposits can be made in the form of wire transfers (required for online purchases), cash, certified checks, personal or business check. Types of payments may vary per auction. Please review the terms and conditions of each auction
• If taking title in a partnership, corporation or trust, you will need to provide a Partnership Agreement, Articles of Incorporation, trust documentation or other necessary proof of signing authority
• If you need financing make sure you have approval from your lender prior to bidding. Properties are sold as-is and without a financing contingency

To speak with a John Dixon Associates representative directly, call 800-479-1763.

Join today’s podcast with Edwin Boland, John Dixon & Associates CFO as he recaps our November Multi-Seller Real Estate Auction, discusses the economy and gives insight on what is in store for 2021.

2021 1st Quarter Multi-Seller Real Estate Auction Pertinent Facts & Benefits

Aggressive marketing campaign…includes signage, direct mail, online advertising, e-mail campaigns, print advertising, hand delivery and personal communication of auction notifications, and many other items.

• Shared cost of marketing among sellers
• As-is no contingency contracts
• Commission paid from buyer’s premium

If you have properties you are considering and/or would like more information about this event, please call (800) 479-1763.

GAL: 2034

Click here to tune in with Scott Pinson to hear details on this property!

PROPERTY 5114 | 200 & 201 W. First Street, 202 W Second Street, Woodbine, GA 31569

Subdivision Name: | n/a |
County: | Camden
Property Type: | Water Front Development Condo Site
Acreage: | 13.06±
Lot Number(s): | n/a
Bedrooms/Bath: | n/a
Square Feet: | n/a
Year Built: | n/a
Tax ID: | W03 03 003, W03 03 007, W03 04 001, W03 04 004, W03 04 005
Open House/Inspection Date: | For all properties, please contact the listing agent to set up an appointment for inspection or where no agent is listed contact auctioneer.

GAL: 2034

All content © 2020 Real Estate Auction Roundtable.

Selling Your Property at Auction!

Selling real estate has traditionally been a time-consuming process for both the seller and the buyer. Negotiating terms is a lengthy and often frustrating process. John Dixon & Associates (JDA) is proud to offer an exciting, efficient and, most importantly, effective alternative to our clients. The auction process, while not new, is fast becoming the method of choice for meeting the needs of both sellers and buyers. Our auctions accomplish this because they are based on three proven principles:

• Auctions generate excitement. The bidding atmosphere is fun, competitive and stimulating.
• Auctions are time limited, which gives the potential buyer greater incentive to act. They simply can’t wait.
• The auction process is flexible enough to meet the unique needs of each client. We can structure the auction in a traditional or sealed-bid format, as an absolute or reserve auction, and provide services for clients with multiple properties in various locations.

Absolute Auction vs. Reserve Auction

These are the two basic approaches to selling your property at auction. At an absolute auction, the seller agrees to sell the property, regardless of the price. Conversely, prior to a reserve auction, the seller reserves the right to accept or reject the bid. These two options provide flexibility for both buyers and sellers and create differing environments. Because absolute auctions generate an atmosphere of now or never, it has been our experience that they produce larger crowds and create more active bidding, producing higher yields for the seller. If potential buyers are convinced that they will be the high bidders at auction, they will come to the auction having done their homework. A more educated buyer is always an advantage to the seller.

Auctions vs. Traditional Real Estate Transactions

The auction is a form of competition with inherent dynamics that cannot be duplicated by private real estate marketing. During the auction process, each bid reinforces the market value of the property which encourages continued bidding. In a traditional real estate sale, the buyer negotiates the seller down. In an auction, the buyer can win only if he outbids all other bidders. Additionally, a professionally-conducted auction eliminates potentially lengthy and costly sellout periods. It has often been demonstrated that a property that couldn’t sell at any price was sold for top dollar in minutes at auction. This happens for two reasons: (1) the proceedings at an auction are led by seasoned professionals, and (2) the property is effectively promoted and targeted to a multitude of interested buyers.

The Benefits of an Auction

When you decide to sell your property at a professionally-run auction, you have made a decision that benefits you as a buyer or a seller. A successful auction is no mystery or accident. It is well planned and carefully coordinated. From the initial inspection of the property by one of our highly-qualified associates to our in-house advertising, the professionals at John Dixon & Associates are committed to making sure that every auction works for everyone involved.

Knowing that the auction audience comes to buy, the seller’s benefits include:

• A quick sale reducing long-term carrying costs, including taxes, maintenance, interest and lost opportunities
• Auction marketing and bidding full of enthusiasm, commanding top dollar for property sold under the hammer
• The assurance that property will be sold at market value
• You set the terms
• Required prequalification for prospective buyers
• A predetermined sale date
• No cumbersome back-and-forth negotiating
• A holding cost of up to 25% per year can be eliminated
• All cash closing in 30 days
• No lengthy negotiations
• The seller is motivated to sell immediatel

Tune in with Scott Pinson to hear details about this property:

PROPERTY 5113 | 45 Rock Quarry Road Ext, Toccoa, GA 30577
Subdivision Name: | Licensed as a Personal Care Home 

County: | Stephens
Property Type: | Senior Assisted Care / Memory Care Facility *Newly Renovated
Acreage: | 2.9±
Lot Number(s): | n/a
Bedrooms/Bath: | 20 Bed Facility
Square Feet: | 16,332±
Year Built: | 2004
Tax ID: | 019B 020, 019B 020A

Open House/Inspection Date: | Monday, November 9, 11 am – 2 pm

GAL: 2034

Selling Your Property at Auction!

Selling real estate has traditionally been a time-consuming process for both the seller and the buyer. Negotiating terms is a lengthy and often frustrating process. John Dixon & Associates (JDA) is proud to offer an exciting, efficient and, most importantly, effective alternative to our clients. The auction process, while not new, is fast becoming the method of choice for meeting the needs of both sellers and buyers. Our auctions accomplish this because they are based on three proven principles:

• Auctions generate excitement. The bidding atmosphere is fun, competitive and stimulating.
• Auctions are time limited, which gives the potential buyer greater incentive to act. They simply can’t wait.
• The auction process is flexible enough to meet the unique needs of each client. We can structure the auction in a traditional or sealed-bid format, as an absolute or reserve auction, and provide services for clients with multiple properties in various locations.

Absolute Auction vs. Reserve Auction

These are the two basic approaches to selling your property at auction. At an absolute auction, the seller agrees to sell the property, regardless of the price. Conversely, prior to a reserve auction, the seller reserves the right to accept or reject the bid. These two options provide flexibility for both buyers and sellers and create differing environments. Because absolute auctions generate an atmosphere of now or never, it has been our experience that they produce larger crowds and create more active bidding, producing higher yields for the seller. If potential buyers are convinced that they will be the high bidders at auction, they will come to the auction having done their homework. A more educated buyer is always an advantage to the seller.

Auctions vs. Traditional Real Estate Transactions

The auction is a form of competition with inherent dynamics that cannot be duplicated by private real estate marketing. During the auction process, each bid reinforces the market value of the property which encourages continued bidding. In a traditional real estate sale, the buyer negotiates the seller down. In an auction, the buyer can win only if he outbids all other bidders. Additionally, a professionally-conducted auction eliminates potentially lengthy and costly sellout periods. It has often been demonstrated that a property that couldn’t sell at any price was sold for top dollar in minutes at auction. This happens for two reasons: (1) the proceedings at an auction are led by seasoned professionals, and (2) the property is effectively promoted and targeted to a multitude of interested buyers.

The Benefits of an Auction

When you decide to sell your property at a professionally-run auction, you have made a decision that benefits you as a buyer or a seller. A successful auction is no mystery or accident. It is well planned and carefully coordinated. From the initial inspection of the property by one of our highly-qualified associates to our in-house advertising, the professionals at John Dixon & Associates are committed to making sure that every auction works for everyone involved.

Knowing that the auction audience comes to buy, the seller’s benefits include:

• A quick sale reducing long-term carrying costs, including taxes, maintenance, interest and lost opportunities
• Auction marketing and bidding full of enthusiasm, commanding top dollar for property sold under the hammer
• The assurance that property will be sold at market value
• You set the terms
• Required prequalification for prospective buyers
• A predetermined sale date
• No cumbersome back-and-forth negotiating
• A holding cost of up to 25% per year can be eliminated
• All cash closing in 30 days
• No lengthy negotiations
• The seller is motivated to sell immediately

Selling Your Property at Auction!

Selling real estate has traditionally been a time-consuming process for both the seller and the buyer. Negotiating terms is a lengthy and often frustrating process. John Dixon & Associates (JDA) is proud to offer an exciting, efficient and, most importantly, effective alternative to our clients. The auction process, while not new, is fast becoming the method of choice for meeting the needs of both sellers and buyers. Our auctions accomplish this because they are based on three proven principles:

• Auctions generate excitement. The bidding atmosphere is fun, competitive and stimulating.
• Auctions are time limited, which gives the potential buyer greater incentive to act. They simply can’t wait.
• The auction process is flexible enough to meet the unique needs of each client. We can structure the auction in a traditional or sealed-bid format, as an absolute or reserve auction, and provide services for clients with multiple properties in various locations.

Absolute Auction vs. Reserve Auction

These are the two basic approaches to selling your property at auction. At an absolute auction, the seller agrees to sell the property, regardless of the price. Conversely, prior to a reserve auction, the seller reserves the right to accept or reject the bid. These two options provide flexibility for both buyers and sellers and create differing environments. Because absolute auctions generate an atmosphere of now or never, it has been our experience that they produce larger crowds and create more active bidding, producing higher yields for the seller. If potential buyers are convinced that they will be the high bidders at auction, they will come to the auction having done their homework. A more educated buyer is always an advantage to the seller.

Auctions vs. Traditional Real Estate Transactions

The auction is a form of competition with inherent dynamics that cannot be duplicated by private real estate marketing. During the auction process, each bid reinforces the market value of the property which encourages continued bidding. In a traditional real estate sale, the buyer negotiates the seller down. In an auction, the buyer can win only if he outbids all other bidders. Additionally, a professionally-conducted auction eliminates potentially lengthy and costly sellout periods. It has often been demonstrated that a property that couldn’t sell at any price was sold for top dollar in minutes at auction. This happens for two reasons: (1) the proceedings at an auction are led by seasoned professionals, and (2) the property is effectively promoted and targeted to a multitude of interested buyers.

The Benefits of an Auction

When you decide to sell your property at a professionally-run auction, you have made a decision that benefits you as a buyer or a seller. A successful auction is no mystery or accident. It is well planned and carefully coordinated. From the initial inspection of the property by one of our highly-qualified associates to our in-house advertising, the professionals at John Dixon & Associates are committed to making sure that every auction works for everyone involved.

Knowing that the auction audience comes to buy, the seller’s benefits include:

• A quick sale reducing long-term carrying costs, including taxes, maintenance, interest and lost opportunities
• Auction marketing and bidding full of enthusiasm, commanding top dollar for property sold under the hammer
• The assurance that property will be sold at market value
• You set the terms
• Required prequalification for prospective buyers
• A predetermined sale date
• No cumbersome back-and-forth negotiating
• A holding cost of up to 25% per year can be eliminated
• All cash closing in 30 days
• No lengthy negotiations
• The seller is motivated to sell immediately