BENEFITS OF AUCTIONS
GOING ONCE,
GOING TWICE.....
SOLD!
There are many reasons that people come to our auctions. Some are looking for a house in a particular town or neighborhood. Others may be looking to purchase a business or an investment property. Some may just be driving by and see our "AUCTION TODAY" signs and be intrigued by the local flavor and delighted by the opportunity to add to their collection of quilts, glassware or primitive furniture. The auction is the best method of marketing that treats all parties equally. The terms and conditions are the same for everybody, and no one has an unfair advantage. Our auctions create excitement and spirited bidding whether it be for an antique dry sink, a Hubley toy airplane, a Victorian hall rack or just a box lot of trinkets and treasures.
Probably one of the most difficult decisions that a person can make is buying (or selling) a home. There is a lot more involved than just finding a house. There are questions of neighborhoods and school districts, and proximity to jobs and loved ones. Robert E. Martin & Sons Auctioneers have been helping people to buy and sell homes for many years. Below are some of the benefits to both the seller and the buyer of real estate by public auction
SELLER
An auction creates an atmosphere of competition among buyers which stimulates prices and establishes current fair market values. The price at auction can exceed the price of a negotiated sale.
An auction generates excitement and heightens buyer interest and outperforms any other method of marketing for whatever you have to sell.
Many attorneys, bankers, accountants and government agencies use the auction method because it is open and public. It eliminates any closed door transactions.
An auction brings interested buyers to a point of decision. They must act at that time or lose an opportunity to purchase. A 10% deposit required of the buyer calls them to a greater commitment.
Sometimes a property can be sold within six to eight weeks of listing thus reducing holding costs associated with other forms of marketing.
An auction is a quick, efficient and easy way to convert your personal property and real estate into cash.
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.
An auction eliminates numerous unscheduled showings.
An auction generally requires buyer to pay both state and transfer taxes (a 1% savings to the seller), lowering settlement costs.
BUYER
An auction eliminates long negotiation sessions before bringing a transaction to the table.
Bidders set their own purchase price by bidding or dropping out of the bidding at any time.
Buyers don't have to worry about long drawn out contingencies because the buying and closing dates are already established.
The buyer can feel good about the purchase price knowing that there was a close contending bid, and fair market value was established.
WHY FURNITURE FIRST?
"If you start the sale with furniture...you start the sale with a crowd"
We understand the importance of using peak times to sell special items of interest throughout the day. By properly sequencing the merchandise we keep an attentive crowd and obtain the best price. It is for that reason that we have developed a FURNITURE FIRST policy that has become a favorite with both buyers and sellers alike. Bob always said, " If you start the sale with furniture..you start the sale with a crowd." When conducting an all day auction we begin by selling the furniture first (usually at 9:00 am.) We have advertised it this way for years and it has met with a very favorable response. We realize some people are interested only in furniture and will attend multiple sales on a given day. FURNITURE FIRST allows the serious buyer or dealer to schedule their day accordingly. As a benefit to the seller, furniture sold at the beginning of the auction then becomes the responsibility of the buyer, reducing the liability of the seller.