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PPK Asset
Services, LLC |
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Why an
Auction?
In traditional real estate sales buyers spend weeks and months previewing
properties many of which are overpriced. During an auction the market
is very evident because the bidder has confirmation of the market each time
a bid is taken.
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Market
Value
Whatever the buying public is willing to pay, is the value of any
asset. During the auction the market is there for all to see.
Many of our customers both Sellers and Buyers express frustration with
traditional real estate sales, and the common theme is "my time has
been wasted". In a real estate auction, the date and time is set
for the property to sell. We are not going to go to the effort, nor
are sellers, to conduct an auction without a reasonable expectation of a
sale on the auction date.
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Sale
Terms
In
an auction sale the terms are set prior to the auction. There are no
extended negotiation periods. It is really quite simple. The
only thing that needs to be established on sale day, is the price.
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Commitment
to Sell
If you look at properties in traditional real estate that actually close,
you will find a seller who was committed to selling the property at the
current market. The market is full of sellers that will sell for an
inflated price. Buyers will spend weeks, if not months researching
properties to establish which sellers are actually willing to sell at
current market prices. When a seller chooses the auction method, they
are committed to selling the property on the chosen date.
Please call us with any questions on any of our upcoming auctions. We
are more than happy to explain the auction process and what you can expect
sale day.
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