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Auction Advantages

• Maximize the return on your assets.
  Bidders actively compete against each other for your property. This sets a fair market value on auction day.
• Free yourself of carrying costs
  Every day that you hold the property, the expenses and liabilities associated with it increase. Mortgages, interest, insurance, maintenance, repairs, taxes, potential vandalism, etc.
• Quick sales
  The entire auction process takes as little as 60 days, from listing to settlement. We require a 30-day settlement from the buyer.
• Increase interest in your property
  An auction creates a sense of urgency that no other sales method can produce. If your property has been listed conventionally for a long period of time, an auction can eliminate any "staleness" and revive interest.
• Avoid contract contingencies
  All properties sold at auction are sold with non-contingent contracts. Your sale will not be contingent upon a buyers financing, an appraisal or inspection, or repairs, etc.
• Capture your market
  Do not wait for the buyer to come to you, let the auction method bring them in at a specific date and time.
• Aggressive Marketing
  Your property will be the focus of an impressive marketing campaign including newspaper advertising, billboards, internet advertising, direct-mail brochures, e-mail announcements, and more! More importantly, your campaign will be outlined for you before you list!

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A few characteristics of good auction properties:

Investment/rental, income producing

Unique or historical

Has been on the market and needs a "boost" of interest

Sellers are in a time-sensitive situation and need a fast "as is" sale (purchased another home, relocating, financial issues)

Disclaimer: All information is deemed reliable, but not guaranteed.
Copyright 2007
Hockman Auctions, LLC