Q - If I put my property up for auction, do I have the right to refuse the bid?
A - On a “minimum bid” auction, you have the right to refuse offers below the minimum bid level we set in advance. On a “reserve” auction you have the right to refuse any bid. When you elect to use the “absolute” method of auction, the auctioneer has the option of canceling the sale if it is deemed to be a situation that is not favorable to the seller.
Q - Who pays the auctioneer’s fee?
A - The auctioneer is paid via the “buyers premium” that is added to the buyer’s final bid. If you elect to register your property with our auction program, you will be required to sign the Auction Marketing Listing Agreement, which provides that on a pre or post-auction sale, an offer would include this fee to the seller.
Q - Will we still have to consider a contingent contract?
A - Everything that we sell at auction is sold “As Is” “Non Contingent”, with a thirty day projected settlement date and the buyer paying all allowable closing costs associated with the sale.
Q - Does “As Is” mean that I don’t need to disclose any known defects?
A - Although we are selling “As Is”, we must abide by applicable state and federal laws. The seller will still complete all required disclosures required in order to prepare for the sale of the property. The Auctioneer will offer full disclosure to all interested parties in accordance with these laws.
Q - Why should I sell my property using the auction method?
A - To accelerate the sale of your property by generating additional consumer interest and activity. Non-contingent contracts and thirty day settlements are required of all buyers of auctioned properties. This means a quick transaction for you
Q - Can I attend an auction before agreeing to sell my home through the auction method?
A - Certainly, we encourage your attendance and would be pleased to have you experience a live auction process firsthand. Just talk with the Auctioneer about our upcoming schedule of auctions. Remember each and every auction is different, so it is impossible to assume that your auction will be exactly like the one that you attended.
Q - I am not in financial trouble, and I’m concerned about what people might think if I should have an auction. Can you give any insight on this?
A - You are not alone in your concerns. Many people are afraid of the previous, out dated perception of auctions that some people have. There are great differences in the marketing and the public image of a voluntary, “by choice” auction such as ours versus a distress auction. Our auctions are positive, enthusiastic events designed to generate competitive bidding to secure the highest possible market price for your property.
Q - My sales associate has had no previous experience with auctions. Will this impact my results?
A - No, the auctioneers who conduct our auctions are auction specialists and have their own team of individuals who are experienced in handling all aspects of the auction and it’s marketing efforts.
Q - The property is priced below the market right now. What is this going to mean if I register it for auction?
A - Often times we find that the price is not the issue in why a property has not sold. The primary cause for it not selling is often that there has not been adequate traffic and therefore, sufficient interest in the property. In other words, it has become “stale” on the market. The auction process is the best way to revive interest in the property and instill excitement that will result in a positive sale.
Q - What types of property do you sell?
A - We auction all types of real estate from condominium, co-ops, townhouses, single family dwelling, land, vacation properties, commercial and investment properties to high-end premier properties and country estates. We have been successful in all of these categories.
Q - How many people will attend my auction?
A - There is no way to determine that fact prior to the day of auction. It only takes two people to have an auction. Each event will always have a different number of bidders.
Q - How will people get an idea of how much my house is worth?
A - The auctioneer will present comparables the day of auction for the bidders, and is also skilled in questioning prospective buyers and asking them to seriously consider what they feel the property would be worth to them. Letting the market determine what the property is worth and creating competition between bidders will drive the price to the true value of the property.
Q - How often do you hold auctions?
A - We conduct major auctions throughout the year. You will need to check with the auction department about the registration deadlines to enter a property into auction.
Q - How is my property marketed by the Beth Rose Auction Group?
A - Our Auctioneers aggressive auction marketing program includes some or all of the following:
- Brochure
- Direct Mail
- Internet Exposure
- MLS Updates
- Classified Advertising
- Major and Regional Newspaper Advertising
- Business and Investor Newspaper Advertising
- Company Wide Auction Announcement
- Auction Signs
- Marketing Department
- Customer Service Department
- Administrative Department
- Graphic Design Department
- Broker Flyer Distribution
- Twenty Four Hour Request Line
- Auction Day Staff
Call a Dedicated Team.... Rose Auction Group, LLC
We are so pleased to provide you with this introduction of the Rose Auction Group, LLC and hope this has answered some of the questions you may have in regards to selling your real estate property. With our headquarters here in Maumee, Ohio, the Beth Rose Auction Team has successfully sold millions of dollars worth of real estate at auction each year.
Remaining on the cutting edge of the auction industry, you will witness the Beth Rose Auction Team excel in every aspect from the aggressive advertising, to the very moment that you hear “SOLD” and off to the closing table. Our organization is dedicated to quality service, profitability at all levels and market dominance in which you will acknowledge Beth’s true reputation, knowledge and skill.
Determined to achieve success by going above and beyond the expected in client relations, prepare to be amazed – Let Us Work for You!
