Back to real estate page   Auction Event Traditional Sale Focus is on your property alone. Property one of many being advertised and shown. Results in offers in 60-75 days or less. May remain on market for months or years. Extensive advertising featuring your property. Minimal advertising; heavy reliance on Multiple Listing Service Buyers act on your schedule. Little time motivation for buyers; you wait for them. Auction provides catalyst to promote buyer interest. Price reduction encouraged to create buyer interest in activity. Realizes the property's true market value. No limit on upside potential. Upside potential limited by asking price. Eliminates guesswork in determining the asking price of the property. Seller risks overpricing, and thus seeing little interest, or under pricing and accepting too little. All conditions of sale set in advance, thus eliminating negotiations. Seller must negotiate all aspects of sale. Property sold without contingencies. Contingencies are common. All offers are presented to the seller before and during the auction. Few offers are received, multiple offers at one time are rare.

Selling At Auction

   If you're selling a luxury home or ranch, you want to make sure you get the actual market price. And you probably want to sell as quickly as possible. Newcom Auctioneers can help you do both. That's how we have sold over a 500 million dollars of real estate in our history.

   By mounting a focused marketing blitz, we'll get the attention of qualified buyers. So when the auction day arrives, you'll know you have the strongest group of qualified bidders possible.

Here's what a Newcom Auctioneer auction can do for you:

• Sell in about 90 days. The more expensive or unique a property is, the longer it typically takes to sell using conventional methods. Having a specified auction date on which you intend to sell eliminates stalling and tire-kicking, speeding up the entire sales process.
• Give you control over the sales process. You set the date and time of the sale, as well as the terms and conditions. Because potential buyers know you are committed to sell on the auction date, they do their homework in advance and show up prepared to bid, freeing you from the hassle of dealing with insincere offers, contingencies and stalling tactics.
• Get maximum exposure. By compressing the sales period into a few weeks, we can carry out a more aggressive marketing strategy, providing maximum visibility for your property. In addition, we can tailor our campaign to reach the type individual most likely to be interested in your property.
• Get a fair market price. Many luxury properties have few "comparables" upon which to base an appraisal. As a result, the seller runs the risk of asking too much or too little. An auction eliminates that problem because it establishes the market price - the price a bidder is willing to pay on the auction day. In fact, an auction is the purest method for establishing the true market price based on the "highest and best" use of the property.
• Close in 30 days or less after the auction -- without contingencies. If you've ever "sold" a property contingent on financing or on the sale of the buyer's home, you know how frustrating that can be. Our auctions are contingency free, so you'll be able to make plans based on an on-time closing.
• Eliminate the cost of carrying your property. A property that sits on the market for an extended period can become a serious drain on the owner. Mortgage payments, maintenance, taxes and insurance can add up to thousands of dollars a month for some properties. Newcom Auctioneers helps you get those costs behind you more quickly.
• Reach the broadest possible universe of qualified bidders. Our experienced marketing staff knows how to put together the right combination of advertising (local, regional, national and international, depending on your needs), direct mail (using our proprietary database of interested buyers), public relations and direct sales efforts to bring your property to the attention of qualified prospects wherever that may be.