Tag Archives: Arizona Property Auctions

Buyers Can Win Big at Arizona Property Auctions

Arizona property auctionsLooking to get a good deal on a local property? Then you should definitely check out Arizona property auctions.

Property often goes up for auction as a result of foreclosure or to satisfy tax liens or other debts. But auctions are also becoming a popular method of sale for owners who are serious about closing their home sales quickly.

Buyers who buy at Arizona property auctions enjoy many benefits, including:

• Properties are usually purchased at fair market value through competitive bidding.
• The buyer knows the seller is committed to sell.
• Buyers determine the purchase price.
• Auctions eliminate long negotiation periods.
• 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.

While specific policies vary by auction, there is often not a minimum bid or reserve, so it is very possible to get a great deal. Financing can be used, but all arrangements for financing must be made and completed prior to auction day.

We hold Arizona property auctions frequently. If you are a potential buyer, contact us or check our website for information about upcoming auctions. If you have real estate to sell, we’d love to show you how we can help you sell your property.

Arizona Property Auctions: A Proven Marketing Strategy for Real Estate (Part 2 of 2)

This is part two of a two part series. To read from the beginning, click here.

One of the major benefits of Arizona property auctions is arriving at the fair market value for real estate.  According to industry experts, property auctions outshine other marketing strategies because of the competition created among buyers.  This competition almost always will establish the current market value.

After all the terms are established and agreed upon, the auctioneer will develop an Arizona property auctions contract.  When both parties sign the contract, auction preparations begin.

Depending on the type of auction to be held, the auctioneer will ensure the upcoming auction complies with all regulations.  For example, some states require property auctions to conform to the Uniform Commercial Code, as well as local, county and state licensing requirements.

Before the auction begins, the title to the property must be verified and creditors notified.  Given these critical steps, it’s critical you work with an experienced and knowledgeable team who knows how to conduct property auctions.

Once the regulation issues are out of the way, the auctioneer will start the advertising campaign.  Based on their experience, auctioneers will use the most effective media to get the word out.  Some examples include newspaper ads, online advertising, posters, direct mail, radio ads, television ads, e-mails and more.

Depending on what arrangements were made in the contract phase, the auctioneer may prepare the property for auction.  This preparation might include cleaning, organizing, repairing and other tasks to make the property as appealing as possible come auction day.

Attending Arizona property auctions is a great way to buyers to shop for real estate.  If you’re in the market for property, you need to include auctions in your search.  You don’t have to have experience bidding at auction.  With a little knowledge up front, you can take advantage of a great opportunity to get good real estate values.

Thanks for reading this post on Arizona Property Auctions. For additional info, contact us today or take a look at our Arizona Auctions Page.

Arizona Property Auctions: A Proven Marketing Strategy for Real Estate (Part 1 of 2)

One of the major benefits of Arizona property auctions is arriving at the fair market value for real estate.  According to industry experts, property auctions outshine other marketing strategies because of the competition created among buyers.  This competition almost always will establish the current market value.

And Arizona property auctions provide the highest level of flexibility since the customer can decide all the parameters of the sale.  You’re free to determine what you will sell and when you sell it.  With the guidance of the auction house, you can establish how your property will be sold as well.

Auctioneers conducting Arizona property auctions are highly skilled professionals.  They know the best way to conduct an auction and have proven procedures in place to ensure both buyers and sellers get the most from the experience.

They are uniquely qualified because they bring you the best of both worlds.  They understand how auctions work.  And, they have ample experience conducting auctions and running an auction business.

In addition, they’re experts in real estate sales.  They know how to market real estate using Arizona property auctions as the vehicle to closing a sale.  Most importantly, property auctioneers are well versed in legal matters involving auctions and the sale of real estate.  With an experienced auction house, you can be assured Arizona property auctions conform to all regulatory requirements.

What’s the Typical Process for Arizona Property Auctions?

Long before the auction is held, the auctioneer and the seller meet to discuss the property sale.  At the very start of the process, the auctioneer expects to fully understand the seller’s expectations for the auction.  By both parties coming together early, they can iron-out services, desires, issues and determine the type of auction to be conducted.

After the initial client meeting, the auctioneer might submit written proposals for Arizona property auctions.  Everything discussed during the meeting should be detailed in a written document.  Some important things to include in the proposal are the auction date, location, time, commissions, advertising media and costs and all other details of the transaction.

In part two of this series we will continue to look into the typical process for an Arizona Property Auction. In the mean time, visit our Auctions Page or contact us today for more info.