Auctions
REAL ESTATE @ PUBLIC AUCTION
2 Properties
Open House Sunday August 15, 1-3:30 PM
Real Estate #1: Saturday August 28, 2010 @ 11:00 AM
5068 Overlook Ave.
Bemus Point, NY 14721
1 ½ Story Colonial Style Home, Small Attached Garage, Detached Two Car Garage With Loft, 3 Bedrooms, 1 ½ Bathrooms
Real Estate #2: Saturday August 28, 2010 @ 12:00 Noon
5415 Meadows Rd.
Dewittville, NY 14728
Single Story Ranch Home, 2 or 3 Bedrooms, 1 Bath, Detached Garage
Real Estate Terms: Ten (10%) Down check or certified funds day of sale, balance due at closing, within thirty (30) days. Properties sold subject to owner confirmation. Five Percent (5%) Buyers Premium.
Directions:
Real Estate #1: Approx. 1.5 Miles East Of Dewittville, NY on Rt. 430, Take Chadwell Drive To Overlook Ave.
Real Estate #2: Turn Right On Meadows Road From The 4 Corners In Dewittville (Rt. 430),
3rd Property On Right
FOR PROPERTY BROCHURE: Call Auctioneers/Realtors: 716-769-7300 / FAX: 716-769-7341
EMAIL: findleylakeproperty@gmail.com / WEBSITE: www.findleylake-property.com
TERMS: CASH, TRAVELERS CHECKS, PERSONAL CHECKS W/ PROPER ID.
PA Lic. NO. PETER S. HOWARD, AU-1993, STEPHEN DENNY, AU-2467, ROBERT J REIMOLD AU-754
HOWARD & REIMOLD
Complete Realty & Auction Service
10438 Main St. PO Box 496
Findley Lake, NY 14736
Phone: 716-769-7300 / Fax: 716-769-7341
www.findleylake-property.com OR rjreimold.com
PA Lic. NO. PETER S. HOWARD, AU-1993, STEPHEN DENNY, AU-2467, ROBERT J REIMOLD AU-754
HOWARD & REIMOLD
Complete Realty & Auction Service
10438 Main St. PO Box 496
Findley Lake, NY 14736
Phone: 716-769-7300 / Fax: 716-769-7341
Website: www.findleylake-property.com / E-mail: findleylakeproperty@gmail.com
Website: http://rjreimold.com/ / Email: gus@rjreimold.com
AUCTION
THE BASIC & BENEFITS
The sale of real estate at public auction in the United States has a rich history of success, spanning more than three centuries. Today, auctions are more a part of the American way of life than ever. Over $50 billion of real estate sold at auction each year includes virtually all categories of property, touching on every type of residence, business and trade. Auctions are an important sales tool and a positive step based on informed business decisions, as well exciting events where bidders can compete directly on equal terms.
- What is a Real Estate Auction?
- How will auction benefit me?
- Benefits to the Seller, Buyer and Real Estate Agent/Broker?
Q. What is a Real Estate Auction?
A. A real estate auction is an innovative and effective method of selling real estate. It is an intense, accelerated real estate marketing process that involves the public sale of any property – most certainly including those that are nondistressed – through open cry, competitive bidding.
Q. How will auction benefit me?
A. The real estate auction is a win-win proposition for everyone involved.
BENEFITS TO THE SELLER:
- Buyers come prepared to buy
- Quick disposal reduces long -term carrying costs, including taxes & maintenance.
- Assurance that property will be sold at true market value.
- Exposes the property to a large number of pre-qualified prospects.
- Accelerates the sale
- Creates competition among buyers-Auction price can exceed the price of a negotiated sale.
- Requires potential buyers to pre-qualify for financing.
- The seller knows exactly when the property will sell.
- Eliminates numerous and unscheduled showings.
- Takes the seller out of the negotiation process
- Ensures an aggressive marketing program that increases interest and visibility.
BENEFITS TO THE BUYER:
- Smart investments are made as properties are usually purchased at fair market value through competitive bidding.
- The buyer knows the seller is committed to sell.
- In multi-property auctions the buyers sees many offerings in the same place at the same time.
- Buyers determine the purchase price.
- Auctions eliminate long negotiation periods
- Auctions reduce time to purchase property.
- Purchasing and closing dates are known.
- Buyers know they are competing fairly and on the same terms as all other buyers.
- Buyers receive comprehensive information on property via due diligence packet.
