subject: Commercial Real Estate Liquidation Auction. [print this page] Commercial Real Estate Liquidation Auction.
It is widely known that the large auction mills, which regularly run auctions of hundreds or thousands of properties through their process, actually close on only 20% to 30% of them. Almost every bidder at one of these auction mill auctions is countered some 2 to 3 weeks later at a higher price than they bid at the auction. Most demand their money back and walk, often not receiving their earnest money refund until much later. And plenty of them vow never to waste their time on these bogus auctions again. Also, we talk to numerous institutional sellers who have a bad taste in their mouth after dealing with the auction mills. They come away thinking commercial real estate liquidation auctions dont work, having believed they actually participated in a real auction!
Property Liquidation Commercial Real Estate.
By contrast, here at AuctionBid, we sell and close over 98% of the assets we auction. Our closing ratios are the highest in the industry, far surpassing any of the auction mill firms which indiscriminately place any assets they can get their hands on in these events, regardless of whether they can clear the sellers requirements.
When a seller places an asset with Auction Management Corporation, they can be assured their asset will not be lost in the crowd, as they are at the auction mills. They know their asset will receive real caring attention. Our commercial real estate liquidation auction provides the very best opportunities for both buyer and seller alike.
When a buyer attends one of our property liquidation commercial real estate auctions, they know they are not wasting their time doing their due diligence and bidding, only to be countered weeks later by a low level employee, as they are at the auction mills. Every time the winning bidder is contacted by a particular well- advertised auction mill, they are hearing from a different hourly employee, who has no knowledge of either the asset or them.
There are many reasons why buyers and sellers alike know that when they deal with our firm, they can expect our commercial real estate auction to sell and close the property.
First of all, we very carefully qualify all assets to be certain that, given an aggressive marketing campaign, they can attain a sales price sufficient to clear the necessary price point to successfully sell. If for example there is too much owed, and/or the lender is unable to take the writedown, then we advise the seller that their expectations are above the market, rather than leading them to believe we can get them an unrealistic price through our online commercial real estate auction
Secondly, we believe that transparency is critical to the success of any property liquidation commercial real estate auction. We make certain that all relevant matters, from title to property condition to environmental matters to regulatory requirements, are fully disclosed so that bidders can make the best buying decision. When bidders have trust in our reputation, they are more comfortable bidding higher, and can be expected to close.
Thirdly, here at AuctionBid, our executive team is directly involved in all asset level decisions and disclosures. We do not hand the important job of representing your property off to an inexperienced low level employee; we make certain that every step of the marketing process is managed by one of our key people.
There is a very important difference in the way we do business, we pride ourselves on providing the very best commercial real estate liquidation auctions, and we hope to continue to earn the trust of all of our clients. For more information regarding any of the commercial real estate auctions we hold, or our online commercial real estate auctions, visit our website.
