Get Involved with Auctions

Auctions are a time tested innovative approach to selling real estate. Through aggressive marketing and competitive bidding auction are commonly becoming a tool for traditional brokers. Here are several ways for traditional brokers to become involved with auctions.

• Buyer’s Agent – We offer a buyer broker participation program for most auction events
• Referring Agent – Refer a client or customer and be as involved as you would like during the course of the entire process.
• Listing Agent – Many of our clients often have existing agents associated with their properties. We work cooperatively with those existing agents to ensure the clients goals and objectives are being met every step of the way.

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

Benefits to the Buyer

• Smart investments are made as properties are usually purchased at fair market value through competitive bidding
• The buyer knows the seller is committed to sell
• In multi-property auctions the buyer sees many offerings in the same place at the same time
• Buyers determine the purchase price
• Auctions eliminate long negotiation periods
• Auctions reduce time to purchase property
• Purchasing and closing dates are known
• Buyers know they are competing fairly and on the same terms as all other buyers
• Buyers receive comprehensive information on property via due diligence packet

Benefit to the Realtor®

• Generates a list of ready, qualified buyers
• Offers clients and customers new selling and purchasing options
• Increases revenue and market share
• Develops your own market niche
• Assurance that property will be sold at true market value
• Property is sold within a relatively short period of time
• Exposes the property to many potential purchasers
• Auctions bring people in to look at all your listings, not just the auction listing
• Successful auctions result in referrals and return business
• Agents can earn commissions as referring agent/broker, cooperating agent/broker, or as the listing agent/broker

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