The fastest growing segment of the auction industry is in real estate auctions. From 2003 to 2015, residential real estate auctions grew 46.6%; land and agricultural real estate auctions grew 36.3%. We market and sell homes and condominiums, estates, ranches, farms, lots, acreage, and commercial property.
The importance of hiring a professional benefit auctioneer, that can artfully connect emotionally with the audience, will result in a great deal more revenue for your non-profit. The knowledge of how bidders think at fundraising events helps set us apart from other charity auctioneers.
The importance of hiring a professional benefit auctioneer, that can artfully connect emotionally with the audience, will result in a great deal more revenue for your non-profit. The knowledge of how bidders think at fundraising events helps set us apart from other charity auctioneers.
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About Us
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David Ackel entered the world of auctioning, as a second generation auctioneer, at the age of 15 when his father, Mike Ackel, opened the first auction company in Monroe, LA. David served in the auction company as a ringman and as a back- up auctioneer. Following in his father's footsteps, David went on to become the 1999 Louisiana State Champion Auctioneer.
Real Estate Auctions
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From 2003 to 2015, residential real estate auctions grew 46.6%; land and agricultural real estate auctions grew 36.3%. You sets the date of sale, which is usually 30 to 60 days from contracting, making it more predictable. You retain control of negotiations. Property stands out. Payments like taxes, insurance, depreciation costs, and maintenance fees are ongoing but they stop once the house sells at auction.
Real Estate Auction or Traditional Listing
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When I visit with a client to discuss selling a piece of real estate at auction, a seller will sometimes say, "I think I should list my property in the MLS with a realtor, and if it doesn't sell that way, then I'll consider an auction." I advise exactly the opposite for several reasons! First of all, once a house is listed in the MLS, it establishes the top price for the property.
How Long Will it Take to Sell My House
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Let's begin with Point 1: The seller decides the sale date and terms. Can any real estate agent tell someone exactly when a house is going to sell? No. But with an auction, the seller sets the date of sale, which is usually 30 to 60 days from listing. Next, let's explore how an auction stops the seller's holding costs.
How Does it Work
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Determine if the Property is suitable for Auction. Analysis would include determining the Client's timeline to sell, amount owed on subject property, completing a title search, and determination of approximate value of the property. Complete and sign a Real Estate Auction Marketing Agreement as well as a Real Estate Listing Agreement between Client and Auction Company.
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