Why Auctions?

 The popularity of auctions is rising as the real estate community looks for intelligent solutions to marketing properties that are not easily valued or that need help in focusing the market's attention on a particular asset. Not easily valued properties can be identified by one or more of the following reasons:

  •  A property with an unique use, quality, or purpose
  •  The location of the property
  •  The unpredictability or volatility of the market
  •  Challenging economic conditions
  •  Financing costs or lack thereof
  •  Present supply vs. demand

 

 

Why Buy at Auction?

     

    Buyers can name their price

    Buyers know that the seller has taken a serious approach to sell its real estate

    Buyers are treated fairly and on the same terms as others competing for the property

    Auctions eliminate long negotiation periods

    Why-Buy

Why Sell at Auction?

  •  Properties can be sold within eight to twelve weeks from the time of retention saving the seller vast amounts of money by eliminating marketing, carrying and management costs.
  •  Auctions offer the unprecedented opportunity for sellers to control the entire selling process.
  •  A structured sale reduces risk and maximizes value.
  •  Properly conducted structured sales at auction increase the likelihood of closing to almost 100%
  •  Auctions create a deadline in order to motivate the market to make real offers to buy.
  •  Auctions focus the market's attention on your property.
  •  Auctions provide customized and creative marketing strategies.
  •  Properties are staged for showing at their very best and then shown on a pre-determined schedule adding an extra   measure of convenience for the seller.
  • An entire portfolio of property can be sold at the same time, but to individual buyers providing the seller the benefits of a bulk sale and the benefits of selling the properties to individual buyers all at the same time.
  • The selling program is designed to include the seller in the process and to provide complete reporting throughout the marketing and closing program.

Auction Day

The day of the auction is a totally professional experience, where Fine and Company, LLC creates a comfortable, easy-to-understand, and controlled bidding environment.

All steps of the sale lead to a path to ensure closure of the transaction from how we show the property to the information provided to the bidders in the Bidder's Information Packet, to the structure of the Purchase and Sale Agreement and the requirement of certified funds to bid.

The winning bidder -- as well as every auction participant comes away from the experience impressed with the professionalism of the entire process.