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“A Fast Sale at a Fair Price” (772) 562-5015

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Presentation on theme: "“A Fast Sale at a Fair Price” (772) 562-5015"— Presentation transcript:

1 “A Fast Sale at a Fair Price” (772) 562-5015 www.RennickAuctions.com

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4 OUR SALES TEAM

5 Broker vs. Auction Marketing Real Property – Benefits to the Seller BrokerAuction DifferentiationListed with other offeringsFocus on each property separately ValuePrice is negotiated downPrice is negotiated up After the SalePost contract contingenciesSold “as is, where is” Pre-Qualification of Potential Buyers May be contingent on financing All bidders are pre-qualified Presenting the OfferEach offer negotiated over time Multiple offers negotiated at once ProcessPassiveActive TimeVariableFixed Auction Date Closing in 30 days

6 Bringing Buyers and Sellers together… …in a matter of days!

7 Benefits of Choosing to Auction your Properties… Quick disposal of Properties which reduces the long-term carrying costs associated with the properties. Eliminates the negotiating process and assures the property will be sold at the current market price. Creates competition between Buyers which in turn can raise the price beyond the current “listed” price. The Seller does not pay the commission, the Buyer does. Convert your property in to cash in a few weeks! It requires an intense and effective marketing process that increases visibility as well as overall interest in the property.

8 SOLD FOR $1,200,000 Closed in 30 days!

9 We can Auction…  Real Estate  Automobiles  Boats  Airplanes  Antiques

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11 The Auction Industry In 2008, the “live” Auction industry sold over $268 billion in goods and services. Ron Rennick Auctions will…  Advance all Auction expenses in marketing the properties (usually about 1% of the value)  Sell all properties on an all cash “as is” basis  Sell with no contingencies for financing nor post- Auction due diligence  Prepare a contract for closing within 30 days  Cooperate with other real estate brokers who register their Buyers prior to the Auction.

12 Col. David Jesmer Encouraging Extra Bids

13 TYPES of AUCTIONS Reserve  Satisfies Seller’s desire for a minimum  Client has the right to accept or reject any offer that falls below a confidential reserve price  Reserve must be realistic, and Seller advances advertising money on a reserve Auction  Typically results in a lower price Absolute Brings many more Buyers to the property which results in a higher price for the Seller Property is sold at the highest market bid

14 Experience with Multiple Property Auctions

15 Bidders at a “gallery-style” Auction

16 GOING ONCE…GOING TWICE…

17 SOLD!

18 Getting in touch with us (772) 562-5015 Ron@RennickRealtors.com WEB: www.RennickAuctions.com


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