Auctions


Real Estate Auction Marketing Advantage Seller Benefits

  • Never has to worry about Selling Too Cheap
  • Offers the Seller another option
  • Creates competition among buyers-Auction Price can exceed the price of a negotiated sale. An auction generates excitement and heightened by ther interest.
  • Exposes the property to a large number of pre-qualified prospects
  • Requires that potential buyers pre-qualify for loans
  • Property is sold as is, where is and how is without contingencies
  • Accelerated sales-the property can sometimes be sold within three weeks of listing
  • Eliminates high seller carrying costs -(such as interest, taxes, maintenance)
  • Auction brings interested buyers to a point a decision-they must act now or lose an opportunity to purchase
  • Auction is a true market forum-the highest buyer pays the lowest price a seller will accept
  • A seller knows exactly when the property will sell
  • A seller sets the terms and conditions of the sale, maintains control of the property throughout the auction (depending on auction type), and actively participates in the sale process
  • Auction reduces the time the property is on the market
  • Auction eliminates numerous and unscheduled showings
  • Auction takes the seller out of the negotiation process
  • Auction is an aggressive, advanced marketing program that increases potential interest in and awareness of a property
  • Seller is able to obtain liquidity
  • Seller is able to move on to other investments and free up capital
  • The buyer pays our commission when a 7 percent to 10 percent Buyers Premium is used. The high bid plus the buyer's premium becomes the total selling Price. The Seller pays no commission on a property sold ... only marketing costs are charged to the seller.


For more information please contact us at the phone number or email address below.



Sonneco Properties, LTD.
3939 N Comotara
Wichita, Kansas 67226
TEL: (316) 838-5790 -FAX: (316) 634-2190
info@sonneco.com
Copyright © 1998 by Sonneco Properties, LTD. All Rights Reserved
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