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THE ADVANTAGE
OF REAL ESTATE AUCTIONS
JOE R. PYLE COMPLETE AUCTION & REALTY SERVICE
PROPOSAL FOR THE SALE OF COMMERCIAL REAL ESTATE; CITY OF
MORGANTOWN. MARCH 4TH, 2014
Professional licensed and bonded auctioneersOffices in West Virginia and PennsylvaniaExperienced full time staff at all locationsProfessional property management for all types of
Real EstateStrategic, effective and targeted marketing program
including direct mail, newspaper, online and social media advertising
Extensive database of prospective buyers and investors ready to purchase Commercial Real Estate
A history of success working with attorneys, financial institutions, municipalities and private sellers
in West Virginia, Maryland, Ohio and Pennsylvania.
Put our professional staff and reputation to work for you
Over 30 Years of Service in the Region
Selling property on the date you choose
Real Estate Sales: Auction vs. Conventional Method
• Impossible to predict how long the property will be on the market before selling.
• The Seller continues to incur maintenance costs during listing agreement.
• Realty commission taken from the final sale price of the property and paid soley by the seller.
• Marketing campaign usually limited to sign placement and limited newsprint/online advertising.
• Each property is advertised and sold individually.
Conventional Listing
• Seller sets the sale date, usually within 30 – 60 days.
• Competitive bidding brings a fair market price, with a level of excitement that only an auction generates.
• The down payment is required in order to bid. This eliminates time spent with unqualified buyers.
• Advertise up to 25 properties with a single marketing campaign. Save up to 80% on marketing costs.
• Variable commission structure splits the auctioneer’s commission between buyer and seller.
.
Auction Method
The ProcessA Step by Step Guide From Listing Through Closing
30 – 45 day listing of the properties
Preparation of brochures for direct mail campaign
Placement of signage, including date, time, location, contact information and website
Launch of direct mail and online campaign – 4 to 5 weeks prior to auction date
Placement of newspaper advertisements – 2 to 3 weeks prior to auction date
Sign contract with high bidder. Collect 10% down payment (held in escrow)
Closing
A History of Success
Proven ResultsAn extensive history of success
• A demonstrated ability to market and sell commercial and investment quality Real Estate
• Working relationship with numerous attorneys, banks, financial institutions and municipalities in the tri-state area for the sale of Commercial Real Estate in addition to hundreds of sales for individuals
• Proven success with a wide variety of real estate properties, including residential, commercial, acreage, hotels, resorts, farms and more
OUR TEAMJoe R. Pyle, Owner & AuctioneerAndrew Yoder, Jr., General Manager & AuctioneerWayne Yoder, Assistant General Manager & AuctioneerR. Jared Shinn, Director of Marketing & OperationsBecky Haddix, Marketing Manager/Graphic ArtistMitch Osborne, Real Estate Sales Person/Closing AgentDanielle Strenko, Social Media Manager
(304) [email protected]
Visit us on the Web: http://www.joerpyleauctions.com
WV212AU001708
