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What is a Real Estate Auction? Is it right for you?

Q. What is a Real Estate Auction?

A real estate auction is an innovative and effective method of selling real estate. It is an intense, accelerated real estate marketing process that involves the public sale of any property—most certainly including those that are nondistressed—through open cry, & competitive bidding / including sometimes online bidding.

Q. How will an auction benefit me?

BENEFITS TO THE SELLER:

  • Buyers come prepared to buy
  • Quick disposal reduces long-term carrying costs, including taxes & maintenance
  • Assurance that property will be sold at true market value
  • Exposes the property to a large number of pre-qualified prospects
  • Accelerates the sale
  • Creates competition among buyers—auction price can exceed the price of a negotiated sale
  • Requires potential buyers to pre-qualify for financing
  • The seller knows exactly when the property will sell
  • Eliminates numerous and unscheduled showings
  • Takes the seller out of the negotiation process
  • Ensures an aggressive marketing program that increases interest and visibility

BENEFITS TO THE BUYER:

  • Smart investments are made as properties are usually purchased at fair market value through competitive bidding
  • The buyer knows the seller is committed to sell
  • In multi-property auctions the buyer sees many offerings in the same place at the same time
  • Buyers determine the purchase price
  • Auctions eliminate long negotiation periods
  • Auctions reduce time to purchase property
  • Purchasing and closing dates are known
  • Buyers know they are competing fairly and on the same terms as all other buyers
  • Buyers receive comprehensive information on property via due diligence packet

BENEFITS TO THE REALTOR®:

  • Generates a list of ready, qualified buyers
  • Offers clients and customers new selling and purchasing options
  • Increases revenue and market share
  • Develops your own market niche
  • Assurance that property will be sold at true market value
  • Property is sold within a relatively short period of time
  • Exposes the property to many potential purchasers
  • Auctions bring people in to look at all your listings, not just the auction listing
  • Successful auctions result in referrals and return business
  • Agents can earn commissions as referring agent/broker, cooperating agent/broker, or as the listing agent/broker
  • Koehler Auctions can answer any questions you may have Call 740-819-8441 or email Jeff Koehler / Auctioneer directly at jeff@seohioauctions.com
  • Lepi and Associates Real Estate Services

Professional Senior Downsizing

We Provide professional Downsizing and senior moving services with care and compassion. Koehler auctions provides a service that helps families and their loves ones with senior transitions and relocations. He and his crew will help with the physical chore of relocation, as well as, the emotional strain of downsizing. Koehler works with family members, estate attorneys, bank trustees, and other professionals to coordinate and manage the downsizing and relocation process.

Auction Questions: What Types of Property do you sell?

We Auction all types of real estate as well as associated personal property. Auctions are popular for a wide range of real estate marketing including residential, commercial, land and investments properties. From Homes, apartments, commercial property, farm land, recreational property to development and acreage land, we have been successful with the auction method of competitive marketing.

Why should I sell my property using the auction method?

The auction method accelerates the sale of your property by generating additional consumer interest and activity. Non-contingent contracts and projected thirty day settlements are required of all buyers of auctioned properties. This means a quick transaction for you. Give me a call 740-819-8441

Interested in selling your Land?

We have Buyers for your Farms* Acreage* Timberland. If you are interested in selling your land, please call us. Jeff Koehler 740/819-8441

Jeff Koehler Auctions is now on YouTube

Jeff Koehler Auctions is proud to announce that we have a YouTube channel now. Subscribe to our channel for future auction related videos. User name: Jeff Koehler Auctions. Like and Share this post, we appreciate it.

How Does an Auction Work? 3 Myths about Buying & Selling Debunked

An auction is perhaps the most misunderstood means of buying and selling goods. Every auction involves selling goods or services to the highest bidder, but there are many types of auctions and a myriad of ways to complete these transactions. While you might have a general idea about how an auction functions, there are certain misconceptions about how an auction works, and in this post we’re going to bust the top three.

Myth #1: Auctions are only for luxury items or junk
When a valuable piece of art sells for millions at auction, it’s likely to make the news. On the other side of the spectrum, you may have heard about people who will dumpster dive to find things to sell at auction, in a manner similar to pawning old trinkets. The truth is, most auctions fall squarely between these two extremes.

Myth #2: Auctions are a last resort for buying and selling
There are endless reasons to participate in auctions, but one of the main motivations for buyers and sellers is the simplicity and convenience of doing it online. It is easy to browse upcoming auctions for items you might be interested in and quickly submit a bid come auction day. There is always the chance of scoring an amazing deal, which makes an auction an exciting way to purchase goods.

Myth #3: Auctions are on-location events
While this myth was true in the past, the Internet has revolutionized the auction world and changed what it means to be the highest bidder. Gone are the days when your only option was listening closely to a fast-speaking auctioneer so you could raise your bidding card to jump in the action. These types of auctions certainly still exist, but digital auctions are a quickly growing segment that is superseding the dominance of more traditional methods. Today, you don’t even have to change out of your pajamas to compete with other bidders around the world for items you need.

If you’d like to learn even more about the auction process, check out our website www.seohioauctions.com Here you will learn how to register for an auction and how to get started

Our satisfied clients are a result of our commitment to excellence. Contact Jeff Today!

Jeff Koehler

Jeff Koehler
Koehler Auctions

1535 Maple Avenue
Zanesville, Ohio 43701

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Koehler Auctions
1535 Maple Avenue
Zanesville, Ohio 43701

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