Why should I choose to
sell my property with an
auction?
What expenses
are there if I sell through an auction?
I am interested
in selling my property through an
auction. How do I get started?
How much is
the commission for an auction sale?
Will my property
be sold for less than fair market value?
How will
Easterly Auction Company market my
property?
Why should I
choose to sell my property with an
auction?
Freqently Asked "Buying" Questions
If I buy property, do I
need to pay for the entire purchase
price on auction day?
What if I buy a
property and I find out that it’s not
what I want?
Should I look at the
property prior to bidding?
Do I need any experience
to bid at the auction?
Do I need to
register to bid at the auction?
Why should I
choose to sell my property with an auction?
Easterly Auction Company uses Internet based
advertising, a frequently updated web page,
television (specific to most auction
events), direct mail and print. A custom
marketing package is created for every sale,
to maximize your opportunity
What expenses are
there if I sell through an auction?
If real estate is sold, the sellers expenses
include standard closing costs which may
include but are not limited to escrow,
title, property liens, tax proration's.
Each sale is unique, so discuss these
details with the auction company
I am interested in
selling my property through an auction. How
do I get started?
Contact Easterly Auction Company to schedule
an appointment. We will visit the property
and discuss all of the details of holding an
auction with you. After an agreement is
reached, we will help you determine the
optimal sale date and marketing plan and
advise you on things you can do to prepare
your property to sell for the highest
potential value.
How much is the
commission for an auction sale?
As the seller, you negotiate a fixed
percentage with the auctioneer, unless the
sale requires a buyer’s premium. In auctions
with a buyer’s premium, the seller pays no
commission at all. In every case, the seller
pays a marketing fee to the auction company;
that fee is determined during the pre-sale
evaluation (every auction has a custom
marketing plan).
Will my property be sold
for less than fair market value?
Selling the property through an auction will
not change its market value. On the day of
the auction, the value of the property is
determined by the market and what buyers are
willing to pay.
How will Easterly
Auction Company market my property?
Easterly Auction Company uses Internet based
advertising, a frequently updated web page,
television (specific to most auction
events), direct mail and print. A custom
marketing package is created for every sale,
to maximize your opportunity.
Why should I
choose to sell my property with an auction?
Through the use of a high profile marketing
campaign your property will attract more
pre-qualified prospects that are prepared to
buy. If you have one prospective buyer, they
are in control. If you have several
prospective buyers, you are in control. By
ensuring as many buyers as possible see the
property for sale, we are more likely to
have multiple buyers competing on auction
day to find one buyer prepared to pay a
premium.
Freqently Asked "Buying" Questions
If I buy property, do I need
to pay for the entire purchase price on
auction day?
No, only the
Ernest buyer’s deposit, which is
typically 5-10% of the final sold
amount. Typically, the entire contract
(including the buyer’s premium) can be
financed by your bank. You should make
arrangements with your bank prior to
auction day for financing. Closing
typically takes place within 30 days of
the auction day.
What if I buy a
property and I find out that it’s not
what I want?
All sales are
final and there are no buyer refunds.
That’s why it is so important that you
investigate before you buy.
Should I look at
the property prior to bidding?
Yes. All real
estate sales will offer an opportunity
to preview the property prior to auction
day. Check our website for open house
dates. It is your responsibility to make
sure a particular property meets your
needs because all sales are final after
the bidding stops.
Do I need any
experience to bid at the auction?
No, but you do
need to be registered. We will provide
you with the information needed to make
sure your auction experience is
satisfying and fun. In every case, all
sales are final and all items purchased
need to be paid for the day of auction.
Do I need to
register to bid at the auction?
Yes. For all
auctions it is required to register
before
to sale.
Every auction’s requirements are
different; be sure to check our website
for the specific requirements for each
sale at
www.easterlyauctionco.com.
417.833.9494
1598 W. Farm Rd 102
Springfield, MO 65803
Mike Easterly
Tracy Easterly
Auctioneer
Business Manager
Info@EasterlyAuctionCo.com
|
