It is widely known that the large ?auction mills?, which regularly run auctions of hundreds or thousands of properties through their process, actually close on only 20% to 30% of them. Almost every bidder at one of these ?auction mill? auctions is countered some 2 to 3 weeks later at a higher price than they bid at the auction. Most demand their money back and walk, often not receiving their earnest money refund until much later. And plenty of them vow never to waste their time on these bogus ?auctions? again. Also, we talk to numerous institutional sellers who have a bad taste in their mouth after dealing with the ?auction mills?. They come away thinking commercial real estate liquidation auctions don?t work, having believed they actually participated in a real auction!
By contrast, here at AuctionBid, we sell and close over 98% of the assets we auction. Our closing ratios are the highest in the industry, far surpassing any of the ?auction mill? firms which indiscriminately place any assets they can get their hands on in these events, regardless of whether they can clear the seller?s requirements.
When a buyer attends one of our property liquidation commercial real estate auctions, they know they are not wasting their time doing their due diligence and bidding, only to be countered weeks later by a low level employee, as they are at the auction mills. Every time the winning bidder is contacted by a particular well- advertised auction mill, they are hearing from a different hourly employee, who has no knowledge of either the asset or them.
There are many reasons why buyers and sellers alike know that when they deal with our firm, they can expect our commercial real estate liquidation auction to sell and close the property.
We believe that transparency is critical to the success of any property liquidation commercial real estate auction. We make certain that all relevant matters, from title to property condition to environmental matters to regulatory requirements, are fully disclosed so that bidders can make the best buying decision. When bidders have trust in our reputation, they are more comfortable bidding higher, and can be expected to close.
Next, we actually look at all assets before we agree to inserting them into a commercial real estate liquidation auction. If we do not feel that the seller?s reserve is attainable, we advise them not to waste their expectations on a non-saleable asset. The auction mills never view any of the assets or property liquidation commercial real estate they are ?auctioning?! Our marketing plan is unique for each asset we sell; we do not simply blast late night TV with indiscriminate ads. We develop a target strategy for the buyer profile likely to have an interest in particular porfolio liquidation.
Finally, we make certain that all of our important clients, including bidders and sellers, are treated with respect. We respect the fact that for our bidders, they are taking valuable time to do their homework and bid seriously on the asset. For our sellers, the decision of where to place their trust to make sure the asset is sold in a professional manner, with no last minute surprises, is of paramount importance, and we want to maintain their trust. The auction mills couldn't care less about their buyers or their sellers, at their commercial real estate liquidation auction, they are simply playing a numbers game, as they know that 20% to 30% of the thousands of their poorly qualified and marketed assets will sell.
June Commercial Real Estate Liquidation Auction
There is a very important difference in the way we do business, we pride ourselves on providing the very best commercial real estate liquidation auctions, and we hope to continue to earn the trust of all of our clients. For more information regarding any of the commercial real estate auctions we hold, or our online commercial real estate auctions, visit our website.
duke basketball miranda july joe paterno near death joepa sc primary bill moyers heidi klum and seal divorce
কোন মন্তব্য নেই:
একটি মন্তব্য পোস্ট করুন