Florida Real Estate Auctions, Port Charlotte Florida, Punta Gorda Florida Real Estate, According To Hoyle Professional Auction Marketers Serving Florida,Florida Real Estate Auctions Ohio and Michigan

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Selling Paradise

Public Auction

This commonly used method in selling Real Estate at Auction is Subject to the Seller’s Confirmation. In other words, the seller has the right to accept, reject or counter the offer. At no time is a specified price or minimum bid requirement disclosed or advertised! This method has worked well in many cases although it is not recommended for certain situations. The disadvantage: Bidder turn out is less likely to be as strong due to the uncertainty of how motivated and realistic the seller is! The auction marketer can best advise you as to which method(s) would most likely work the best. Remember, once an offer is changed, that re-opens the terms and conditions such as, subject to financing, subject to inspections, different closing dates and more. These conditions put the closing at a much greater risk.

Absolute Auction

This is a sale that is Guaranteed to be Accepted by the Seller at the Highest Bid. Once the Auctioneer calls for the first bid, the sale becomes Absolute. These types of sales generate great turn-outs as the buyers know the property is going to sell. This type of sale can make the seller a bit nervous for obvious reasons. It can also be a huge pay-off in many cases due to competitive bidding and predictable closing dates.

Minimum Bid Auction

This method can be extremely effective and offers a cross between the Public Auction and the Absolute Auction. With this approach, we utilize the drawing power of the Absolute Auction by advertising a Minimum Price of Which the Seller will Accept. In order to be effective, the minimum price advertised must appear to be a "good buy" and very enticing. The object is to attract buyers to the sale with the low minimum price. Competitive bidding then drives the price. If the minimum bid is to high it will scare buyers away. This is a sale with a disclosed reserve.

Sealed Bid Sales

This type of sale is really not an auction but is useful in certain situations. It is sometimes used with a major commercial property where finding the best purchaser may be difficult. This is known as a Thin Market. The bidding takes place over a specified amount of time with an ending date and time. The bids are then opened and the merits of each one discussed. The terms can be advertised or disclosed to registered purchasers. As with all sales, they should be discussed with the Marketing Specialist up front. The consultation is free.

Important things to remember are:

Our goal is your goal - to obtain the highest possible price the market will bring for your property
By selling your property at Auction you, the seller, pick the day, date and time to sell your property
You pick the terms and conditions of the sale, like "As-Is, Where-Is" day of sale, not subject to any post sale inspections, not subject to financing, how much of a deposit is required, etc.
Unlike conventional purchase agreements where the buyer picks the terms and conditions and usually works the price down, an Auction builds the price and dictates the closing date
Why take a chance? Take control with an Auction

Be Proactive instead of Reactive!
Use Expert Marketing!
Bill Hoyle: Accredited Auctioneer Real Estate/Consultant

Auction Marketing Institute

Terrie Hoyle: Broker Associate/Mortgage Broker

Heather Hoyle Jones: Sales Associate/ Mortgage Loan Consultant

Phone: 941-235-3528 or 877-75HOYLE

Additional Resources

According to Hoyle's Florida Web Site

MLS Listings for Florida


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