djamal-soft
الثلاثاء، 12 يوليو 2016
There are many different ways to buy and sell real estate. Only one of them is by the auction method. Some people are comfortable working independently and attempting to sell their property themselves. Others will leave the work to a professional and list with a local Realtor. Still others, maybe a little more adventurous, will go the auction route. If you have property in the Dakotas, you might think about researching North Dakota land auctions as a viable way to sell.
There is nothing new about auctions. People have been buying and selling using this method for hundreds of years. You may already have attended an auction or two and purchased something for yourself. If so, you will already have some idea of how they work. Just make certain that whichever company you hire has a sterling reputation.
There are many differences between traditional private sales and public auction that you will want to consider. One of the biggest differences is the turnaround time. Realtors usually expect you to sign an exclusive listing agreement tying up your property for at least six month if they do not sell before then. An auction company typically needs sixty to ninety days to prepare your land and advertise before the sale occurs.
Auctions work much differently. You will still be required to sign an auction listing agreement, but most last sixty to ninety days depending on the length of time needed to adequately advertise the property and get it ready for auction. Acreage tracts are often divided into smaller lots in order to bring the highest dollar to the seller. Most of the time, the advertising costs are the seller's responsibility.
Auctioneers use aggressive marketing techniques in order to reach the most potential bidders. They typically incorporate internet, signs, mass mailings, and sometimes television and radio in their efforts to get the word out. Many auction companies have the capability to offer online bidding to the public. They may recommend this to you or discuss holding the sale on the property. Many times a combination of both strategies is employed very successfully.
The addition of a ten percent buyer's premium to the highest and best bid is traditional for most auction transactions. Instead of you paying a commission from the proceeds of the sale, the ten percent will be given to the auctioneers as compensation. The buyer's premium information will be prominently displayed in all advertising and will be announced prior to the auction.
An auction is either absolute or sold with a minimum, or reserve, price. If you decide to sell your land absolutely, you are guaranteeing that you will sell regardless of the high bid. If you choose to offer your acreage with reserve, then you have can either agree to sell or not.
If you live in Cando, ND or anywhere else and have acreage that you are interested in selling, the auction method is certainly something to consider. In a matter of weeks, rather than months, you should have money in your hand and be ready to move ahead.
There is nothing new about auctions. People have been buying and selling using this method for hundreds of years. You may already have attended an auction or two and purchased something for yourself. If so, you will already have some idea of how they work. Just make certain that whichever company you hire has a sterling reputation.
There are many differences between traditional private sales and public auction that you will want to consider. One of the biggest differences is the turnaround time. Realtors usually expect you to sign an exclusive listing agreement tying up your property for at least six month if they do not sell before then. An auction company typically needs sixty to ninety days to prepare your land and advertise before the sale occurs.
Auctions work much differently. You will still be required to sign an auction listing agreement, but most last sixty to ninety days depending on the length of time needed to adequately advertise the property and get it ready for auction. Acreage tracts are often divided into smaller lots in order to bring the highest dollar to the seller. Most of the time, the advertising costs are the seller's responsibility.
Auctioneers use aggressive marketing techniques in order to reach the most potential bidders. They typically incorporate internet, signs, mass mailings, and sometimes television and radio in their efforts to get the word out. Many auction companies have the capability to offer online bidding to the public. They may recommend this to you or discuss holding the sale on the property. Many times a combination of both strategies is employed very successfully.
The addition of a ten percent buyer's premium to the highest and best bid is traditional for most auction transactions. Instead of you paying a commission from the proceeds of the sale, the ten percent will be given to the auctioneers as compensation. The buyer's premium information will be prominently displayed in all advertising and will be announced prior to the auction.
An auction is either absolute or sold with a minimum, or reserve, price. If you decide to sell your land absolutely, you are guaranteeing that you will sell regardless of the high bid. If you choose to offer your acreage with reserve, then you have can either agree to sell or not.
If you live in Cando, ND or anywhere else and have acreage that you are interested in selling, the auction method is certainly something to consider. In a matter of weeks, rather than months, you should have money in your hand and be ready to move ahead.
About the Author:
When you are looking for the facts about a North Dakota land auctions, pay a visit to our web pages online here today. Additional details are available at http://www.candorealestate.net now.
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