Phillip Wilson Auctioneer

Phillip Wilson Auctioneer

Phillip Wilson Auctioneer

Real Estate Auctions

Real Estate Auctions

Real Estate Auctions

Real Estate Auctions

~  Why Sell Real Estate By Auction  ~

If there are 10 buyers in your market area interested in purchasing real estate like yours, holding an auction gives you the opportunity to have all these buyers assembled together at the same time at your real estate for one specific purpose, to buy your real estate.

What other way could you get all 10 of these buyers at your real estate, let alone all at the same time with the purpose of buying your real estate. Competitive bidding creates an opportunity to sell your property for the highest price.

How Does The Auction Work -
The property is held open for inspection one hour before the time of the auction, or by appointment. Many interested buyers will call and arrange an appointment to view the property days before the auction.
Before the auction, we arrange for prospective buyers to meet with Bankers and/or Mortgage Brokers to arrange financing.
On Auction Day, the Auctioneer will read the terms and conditions of the auction, ask for questions from the audience, then begin the auction sale.
Upon receipt of the Top Bid, the Top Bidder signs the Purchase and Sales Contract, gives the Auctioneer cash or check in the amount of 10% of the Contract Sale Price.
If the Seller accepts the Top Bid Price, the Seller signs the Purchase and Sale Contract, the 10% deposit is placed in Wilson Realty's escrow account, and a closing is arranged. The closing is usually within 30 days of the auction date, but a different closing date can be arranged. It is up to the Seller when to have the closing date.
If the Seller does not accept the Top Bid Price, then the property is considered not to have sold and the 10% deposit is returned to the Top Bidder.
When And Where Is The Auction Held -
The Auction is almost always held on site. The day and time of the auction will be determined by the Seller and the Auctioneer. As a rule, the auction is almost always held right on the site of the real estate being sold.
How Much Time Is Needed To Advertise And Promote The Auction -
As a rule approximately 3 to 4 weeks are required for proper advertising and promotion, but some auctions can be arranged and promoted within a 1 to 2 week period.
The Day And Time Of Auctions Vary -
There is no specific day or time that is always best to hold an auction. The property location and market conditions will greatly influence the day and time that is best to hold an auction for a specific property.
The Auctioneer will research the property and market conditions to determine what is the best day and time to hold an auction for the specific property.
Contact Phillip Wilson, Auctioneer to schedule an auction for your real estate property, or for additional information on Real Estate Auctions.
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AB 2321

Phillip F. Wilson, CCIM

AU 1191
(941) 629-6624

Wilson Realty

FAX (941) 629-8814
    4485 Tamiami Trail    
    Port Charlotte, Florida 33980    
   
  www.PhillipWilsonAuctioneer.com  
  Copyright © 2007 Phillip F. Wilson, CCIM. All rights reserved.  
   

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