Seller's Information

Why Sell At Auction?

Reason #1: It’s a Quick Sale
An auction affords property owners the opportunity to dispose of property now, at today’s prices, rather than tomorrow’s prices. Time is  indeed money.

Reason #2: High Carrying Costs are avoided
All properties incur costs during their private negotiating and marketing period - debt service, real estate taxes, insurance payments, maintenance and sometimes security. All too often, the carrying or holding costs of real estate during a private, negotiated marketing program  will not  be recovered in a higher selling price. In effect, the sooner a property sells, the greater the bottom line dollars for you, the seller, and/or greater are the savings that may be passed on to your buyer.

Reason #3: Property Market Value (PMV)
The PMV can be demonstrated. Instead of relying on the appraiser to assign an asking price, the auction process demonstrates the value of the property to sellers and potential buyers. Selling property by the traditional, privately negotiated method, you may wonder whether you couldn’t have negotiated for more. But if the property is sold at auction, the proof of market value is in the process itself. When the final bid is called, ”going once, going twice, SOLD!!,” the winning bidder is assured that there were others who also saw the value in the property they just bought, value determined by the bidders The selling price is always competitively driven.

Reason #4: Auctions Receive Maximum Marketplace Exposure
LandZenn Property Investment & Auction Marketing Company employs a saturation marketing technique during the four-to-six-weeks prior to the event itself. The marketing time frame is more condensed than in traditional methods and, therefore less expensive. It does, however, produce a better response in a shorter time than traditional marketing methods

Reason #5: Auctions Freeze the Market
Every current buyer in the marketplace will be very motivated to at least investigate the property being auctioned. The market is frozen. The opportunity to make what may be a good buy, as a practical matter, forces buyers to at least wait until the auction is held. A bonded real estate auctioneer presides over the entire proceeding. The auctioneer has assistants who station themselves amid the audience to help the auctioneer spot bids and answer all questions. During the Auction Process ,a representative of the lender should always be in attendance and duly authorized representatives of the sellers, or the sellers themselves, must be present so that purchase agreements can be signed immediately after the auction. An attorney will be present to oversee contract or purchase agreement signing.

Can I still participate in a LandZenn Auction if I have my property listed with a Real Estate Agent?  

Why Is An Auction Right For You?