Selling Real Estate Using the Auction Method
Selling Real Estate Using the Auction MethodNational Auctioneers Association
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Property Sold at AuctionProperty Sold at Auction• Antiques
• Rare Collections
• Household Items
• Business Equipment
• Artwork
• Livestock
• Industrial Machinery
• Automobiles
Selling Real Estate Using the Auction Method
Selling Real Estate Using the Auction Method
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2006 Statistics2006 Statistics
Residential Real Estate $16.0 Billion
Commercial and Industrial Real Estate $12.1 Billion
Land and Agricultural Real Estate $25.3 Billion
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Growth in Sales for Real Estate Auctions (since 2003)
Growth in Sales for Real Estate Auctions (since 2003)
0
5
10
15
20
25
30
35
40
Land Res. C & I
• Land and Agricultural Real Estate – 33.0%
• Residential Real Estate – 39.2%
• Commercial and Industrial Real Estate – 27.4%
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Real Estate AuctionsReal Estate Auctions• An Option, Not a Last Resort
• Recognized by the National Association of Realtors (NAR) as a Viable Sales and Purchase Option
• Economic Influence of Baby Boomers
• Internet Auctions and E-Commerce
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Types of Real Estate Sold at AuctionTypes of Real Estate Sold at Auction
• Foreclosures of Homes and Businesses
• “Hard to Value” Properties (waterfront homes, ranches, homes with historical significance)
• Properties That Have Not Sold by the Traditional Means
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The Auction AdvantageThe Auction Advantage
Quick Turnaround
No Limit on Sales Price
Knowing When the
Property Will Sell
No Contingencie
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Comparable Commissions
Comprehensive Marketing
Excitement of the Sale
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Success StoriesSuccess Stories
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of the Estimated of the Estimated Fair Market ValueFair Market Value
85% to 105%85% to 105%
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Can Any Auctioneer Sell
Real Estate?
Can Any Auctioneer Sell
Real Estate?
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How Many Auctioneers Offer Real Estate Auction Services?
How Many Auctioneers Offer Real Estate Auction Services?
Residential Real Estate Auctions47% of auction companies
Land and Agricultural Real Estate Auctions42% of auction companies
Commercial and Indus. Real Estate Auctions23% of auction companies
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National Auctioneers AssociationNational Auctioneers Association
• Committed to Excellence
• Members Abide by a Code of Ethics
• Offers the Accredited Auctioneer Real Estate (AARE) Designation
Selling Real Estate Using the Auction Method of
Marketing
Selling Real Estate Using the Auction Method of
Marketing
To Find an Auction Near YouGo to www.auctioneers.org
or www.onlyatauction.com
To Find an Auction Near YouGo to www.auctioneers.org
or www.onlyatauction.com
Selling Real Estate Using the Auction Method
Selling Real Estate Using the Auction MethodNational Auctioneers Association