Auction Sales- Results Realty & Results Land Co. Agents will again provide you with comparable sales data as to what to expect from your sale. We gather all pertinent information including:
Our auctions are conducted in a professional business manner. As the broker and auctioneer we make all announcements along with taking bids so that we can double check where we are with the bidding.
Buyers will know what's going on; our auctioneers are easy to understand.
What will you need to bring to the Auction?
Your check book. We require the successful bidder to write a check in the amount of 10% of the contract price the day of the sale. This is considered earnest money. It is non-refundable and does apply to final closing costs. When you bid at the auction, all details have been announced. Results furnishes complete information packs prior to the sale. Both hard copy and digital copies are made available at least 30 days prior to the sale. Auction sales are not contingent on financing, but the buyer needs to be ready and able to close in 30 days or less. If the buyer is exercising a 1031 please let us know as soon as possible so we can have the additional contract prepared.
Will I be able to understand what is going on at the auction?
Will the bidding be clear? YES. Land auctions are different than livestock or personal property auctions. We announce all terms and conditions of the contract prior to starting with bidding. There will be no unanswered questions and we have complete data appropriate to that property. We will take a recess if a buyer is in need of contacting their lender or partner to make a decision. At which time, we will announce what the bid is currently at. You will always know where we are with the bidding.
Buyer Broker Representation - Results does not pay buyer broker compensation. However, we certainly have no problem with a buyer being represented. You will need to compensate your agent.
Results Realty & Results Land Co. will make the sale very clear -We have conducted many multi-parcel sales. We sold them on a per tract basis, giving everyone an equal chance on each parcel. We firmly believe this gives a much more level playing field for all buyers and results in higher per tract values for our sellers.
What are the Advantages of an Auction?