Selling Real Estate Using the Auction Method

1
Selling Real Estate Using the Auction Method

• National Auctioneers Association

2
Property Sold at Auction

• Antiques
• Rare Collections
• Household Items
• Business Equipment

• Artwork
• Livestock
• Industrial Machinery
• Automobiles

3
Selling Real Estate Using the Auction Method
4
2006 Statistics

• Residential Real Estate 16.0 Billion
• Commercial and Industrial Real Estate
  12.1 Billion
• Land and Agricultural Real Estate
  25.3 Billion

5
Growth in Sales for Real Estate Auctions (since
2003)

• Land and Agricultural Real Estate 33.0
• Residential Real Estate 39.2
• Commercial and Industrial Real Estate 27.4

6
Real 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

7
Types 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

8
The Auction Advantage
9
Success Stories
10
of the Estimated Fair Market Value
85 to 105
11
Can Any Auctioneer Sell Real Estate?
12
How Many Auctioneers Offer Real Estate Auction
Services?

• Residential Real Estate Auctions 47 of auction
  companies
• Land and Agricultural Real Estate Auctions
• 42 of auction companies
• Commercial and Indus. Real Estate Auctions
• 23 of auction companies

13
National Auctioneers Association

• Committed to Excellence
• Members Abide by a Code of Ethics
• Offers the Accredited Auctioneer Real Estate
  (AARE) Designation

14
Selling Real Estate Using the Auction Method
of Marketing
15
To Find an Auction Near YouGo to
www.auctioneers.orgor www.onlyatauction.com
16
Selling Real Estate Using the Auction Method

• National Auctioneers Association