St. Louis, MO, April 07, 2017 --(PR.com
)-- According to St. Louis-based Trophy Properties and Auction (www.TrophyPA.com), sellers have a choice about how they want to sell their property. While most automatically consider listing homes or properties traditionally, using the MLS, there is another option available for those who may want to sell on their terms and conditions and much quicker.
Trophy Properties and Auction Broker/Partner, and auctioneer Phil Brown, has watched his auction business increase greatly in the last year and he believes it’s as a result of more sellers becoming aware of the benefits of real estate and personal property auction.
“There’s a common misconception that auctions are for someone who is going bankrupt,” said Brown. “But many times it’s the best way to maximize our customer’s dollar value on what their property, real and personal are worth.”
So in addition to auctions for bankruptcy, liquidation, and foreclosure, the company is seeing this tremendous growth from customers trying to quickly settle estates due to death and divorce. When this occurs, cash is the ultimate goal.
Jason Cleveland, Trophy Properties and Auction Broker/Partner, helps sellers understand both the advantages and disadvantages of taking this route. “If they are an auction candidate, I talk to them about how just the word ‘auction’ can create maximum exposure for a property,” said Cleveland. “The advantage of auctions is it’s a very aggressive real estate marketing tool and can accelerate the entire process of selling property.”
Why do many choose the auction method?
· No caps. With auctions sellers receive market value. List price can leave money on the table if you don’t do diligence correctly.
· Faster timelines. Because there’s a deadline, auctions create a sense of buyer urgency. Start to finish typically takes 60 days.
· Cash deals. At an auction, the real estate is sold as is/where is with no financing contingencies. Upon acceptance of the contract the buyers put 10% of the purchase price in escrow which is nonrefundable. This makes auctions more binding than a traditional real estate contract, one that could be easier to back out of. That alone makes it very attractive to a seller.
· Multiple options. When you’re selling your property at auction, you can sell your land in one or in multiple tracts. There are also two different auction types: absolute auction where the asset sells regardless of price, and reserve auction where the seller can set the minimum amount they will accept. Both types of auctions can be offered Live or Internet Only. You are able to decide which fits your situation best.
As more and more customers turn to Trophy Properties and Auction for this service, both Brown and Cleveland realized the need to expand their offering. They recently merged with iAuction & Realty of Quincy, IL, teaming with Jason Wallingford, Broker/Owner, to offer the most integrated real estate programs in both Missouri and Illinois – all the way up into Iowa.
Jason Wallingford, who will head up the Auction Division, brings immense real estate and auction knowledge to the marketplace. He is a graduate of the Certified Auctioneers Institute and holds Missouri, Iowa and Illinois real estate broker’s licenses and has been auctioning real estate and personal property since 2007. He specializes in large land tracts, rural lifestyle and commercial properties.
If you’re interested in learning more about the auction process and to see if an auction is right for you, or you are looking to buy or sell through traditional listings, visit www.TrophyPA.com.
About Trophy Properties and Auction
Trophy Properties and Auction, headquartered in St. Louis, Missouri, can save you time and money in locating real estate throughout Missouri, Illinois, Iowa and Indiana. Their proven track record of uniting buyers with their ideal properties and offering sellers maximum exposure to a huge and highly qualified pool of buyers of hunting land, residential homes, farms, timber lots or other rural property sets them apart from the competition. They show property throughout the Midwest that supports trophy whitetails, duck hunting and other game. Land with streams and lakes, prairie, timber and cultivated farmland; land with country homes and building sites that fit and fill any buyer’s portfolio, whether they're looking for stability, appreciation or income.
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Trophy Properties and Auction focuses on providing the most customized approach to Land, Recreational, and Residential Real Estate sales in the heart of the Midwest – Missouri, Illinois, Iowa, and Indiana.
The recent merger with iAuction & Realty brings unparalleled, integrated real estate services including Internet real estate auctions as well as live auctions to buyers and sellers in the Midwest and throughout the country. They specialize in selling the finest farms, pastureland, row cropland, wooded land, hunting land and farmettes, and residential properties as well as complete estate liquidation at auction or via the traditional sale method.
Trophy Properties and Auction offers unmatched marketing, web exposure and local presence.
For More Information Contact:
855.573.5263 or 636.527.5263