At Your Bidding provides expertise and guidance in the complex world of real estate auctioneering. We customize our approach to meet the individual needs of each client and provide them with a comprehensive marketing plan that ensures significant, measurable, bottom line results.
Through such tools as the internet, direct mail, media, telemarketing, broadcast facsimile, e-mail, as well as other state-of-the-art technology, we market your property so that it is globally exposed. Our real estate marketing method is a highly specialized sales and marketing plan that utilizes the auction process to produce a sale in a short time frame. Our intense advertising and PR campaign saturates the market and thrusts your property into the spotlight of a huge national and international audience. This maximizes the number of qualified buyers and helps ensure that you receive the maximum value for your property.
By conducting your real estate auction through American, your property will get the attention of global buyers. At American, we work our hardest to ensure that your property gets sold for its maximum value in the shortest period of time.
If you would like to learn more about how the professionals at “At Your Bidding” can deliver the fast and profitable sales results you want for your property, please call us today.
Going once, going twice, SOLD!
Real Estate Auction Benefits
- Thrust your property into the spotlight
- Receive the attention of buyers from all across the U.S. and abroad
- Enjoy higher prices from competitive bids
- Eliminate the burden of high monthly carrying costs
- Forgo the inconvenience of unscheduled and unqualified showings
- Maintain control of time frame, closing date, terms & conditions, etc.
- Avoid extended negotiations and contract negotiations
Whether you're in the market to buy or sell, Investment Property, Commercial Property, Foreclosures, Residential, or Industrial Real Estate, we have the experience needed to create a successful transaction. Our auctioneers are licensed throughout the state of Virginia and handle all sales with integrity, professionalism, and most of all, are masters in creating excitement about your property. Our headquarters are located in the heart of Richmond, VA with other locations soon to be opened in the near future.
Types of Real Estate Auctions
Sells to the highest bidder regardless of price
Auction with Reserve
Seller reserves 5 rights:
- Right to cancel the auction
- Right to sell before the auction
- Right to decline the price achieved at auction
- Right to counter-offer the price achieved at auction
- Right to accept the price achieved at auction
Minimum Bid Auction
- An acceptable price is established prior to auction
- That price is disclosed in all advertising
- Once that price is achieved, it converts to an absolute auction
Multi-Par Bidding System When Dealing With Acreage
It is our goal to sell property for all our clients as profitably, conveniently, and as quickly as possible; and to make the transaction as easy and professional as possible for the seller, purchaser, other agents and other participants; and still obtain the optimum sales for our seller. We have found the Auction Marketing Multi-Par Bidding System to be the most effective way to accomplish this task.
With the Multi-Par Bidding System, Round 1 establishes the traditional auction sales price. Round 2 allow a potential buyer to bid on a combination of two or more parcels of real estate. The bids must be increased in increments of $1,000 over the top bid in Round 1. Round 3 allows the prospective buyer with the high bid in Round 1 to increase his bid over the bidder in Round 2, again in increments of $1,000. This process continues in Rounds until the prospective buyers no longer want to increase their bids.
This Multi-Par Bidding System used in our Auction Method of Marketing allows prospective buyers to purchase land in any group they desire such as the entire acreage. This will optimize the interest of large investors who would otherwise not be interested in small tract purchases; however, this in no way eliminates single tract buyers who help create a more competitive bidding atmosphere.
Below you will find an example of a Multi-Par Bidding Board such as would be seen at an actual auction. In the scenario outlined on that board, the traditional auction method (established in Round 1) would have produced a total sales price of $820.000. By using the Multi-Par Bidding System, the final sales price escalates to $884,000 in Round 9, which is the final round. This increases the proceeds due the seller by $64,000 over the traditional auction method.
Actual Bidder Board