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We are a full service
Real Estate Auction Company with a well-trained staff ready to assist
you in obtaining your Real Estate goals. Through our tested and
proven methods of marketing Real Estate, we have been able to reach a
sales success record of nearly 98%. Our experience and extensive research
has developed an accelerated marketing plan, which creates efficient and
effective property sales within 30-45 days. Having successfully conducted
hundreds of auctions including:
- Residential properties
- Farms
- Raw land
- Commercial properties
- Multiparcel/subdivisions
- Recreational land
We are familiar with
all types of Real Estate Auctions. For more information on how Matthew
S. Hurley Auction Company, Inc. can work for you, call us for a free consultation
concerning your property Toll Free 1-866-424-3337.
WHY SELL REAL
ESTATE AT AUCTION?
The bottom
line is Auctions work. If your goal is to sell your property quickly,
efficiently, and for the highest possible price ...
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TAKE
ACTION NOW!
In order to do this
your property must be promoted to stand out from the crowd. Potential
buyers of your property must recognize that you are serious about selling
your property. A Real Estate Auction achieves these goals. You will enjoy
a cash sale, no contingencies, and assurance that you'll receive market
value, limited negotiations, and the benefits of a customized accelerated
marketing program.
In recent years the
auction method of marketing Real Estate has become increasingly popular.
In fact, billions of dollars of Real Estate are sold every year at auction.
The following are some reasons for the increasing number of Real Estate
Auctions each year.
- Maximize the return on your assets: Buyers
actively compete against one another and reinforce each other in the bidding
process, insuring higher prices for the seller. The auction creates excitement
and a sense of urgency with bidders often paying more than they would
have otherwise
- Timing
- Quick Settlements: The auction method of marketing delivers
an immediate conversion of property into cash. The seller determines
and controls the timing of the sale. Auctions can be held within 30-60
days of our initial meeting. Settlements occur within 30 to 60 days
of the auction or less.
- Avoid under/over-pricing
your property: The seller eliminates the risk of setting a
price too high or too low. Starting with the opening bid at an auction,
the price is driven up through competitive bidding. We often times sell
properties for much more than was ever expected.
- Reduce
Carrying Cost: The seller eliminates the carrying cost that
are incurred on a day-to-day basis with continued ownership such as:
taxes, interest, maintenance, lawn care, snow removal, heating bills
etc. etc. etc. etc. etc. etc.
- No Contingencies:
The seller has the advantage of being able to establish fixed terms
that are not negotiable. The seller also sets the conditions of sale.
- Sellers
set minimum price: The seller determines the minimum acceptable
bid and if that bid is not met the property does not have to be sold;
however, the seller has the option to negotiate with the high bidder
to reach an acceptable bid.
- Control:
The seller is always in control of the terms and conditions of sale.
For example, when the sale will take place, amount of escrow, all cash
sale, no contingencies, and assurance that you'll receive market value.
- Marketing:
A customized and intense accelerated marketing plan maximizes exposure
of your property to a large number of pre-qualified prospects.
- Other Benefits:
Personal property can be sold on the same day.
Compare Auctions
to Traditional Listings to see the benefits to both buyer and seller:
AUCTION |
TRADITIONAL |
Quick.
Most auction sales occur in 30 days or less. |
May
remain on the market for months or years. |
NO
limit to what buyer may offer. |
Buyers'
highest offer is limited by asking price. |
Property
sold with NO contingencies. Non refundable. |
Properties
often times sold with contingencies. Contracts many times fall through. |
NO guess work in establishing the price. |
Seller
risks overpricing and no interest or underpricing and selling too
low. |
COMMONLY
ASKED QUESTIONS CONCERNING REAL ESTATE AUCTIONS:
Q. Why should
I sell my property at auction?
A. Auctions create excitement and action which lead to an increased price
obtained for your property in the shortest amount of time possible.
Q. What types
of properties are sold at auction?
A. Billions of dollars worth of Real Estate are sold every year at auction
including single family dwellings, agricultural, commercial and industrial,
condominiums, apartments, and raw land to name a few
Q. Who is
responsible for showing the property and will people be in and out all
the time?
A. We will
provide one of our trained top-notch employees to show your property.
We avoid constant interruptions by holding scheduled 1hour showings at
your convenience prior to the auction.
Q. How soon
can we have the auction?
A. From the date of your first meeting with us, we can generally hold
your auction within 30-45 days. In some cases, we have held very successful
auctions in as short as 3 weeks.
Q. How soon
can we settle?
A. The seller sets the terms for settlement; however, we recommend 30-60
days.
Q. What about
all the stuff in Grandma's house?
A. Simple. We handle both Real Estate & Personal Property auctions.
We'll sell what's in Grandma's house. We can sell it at the property or
at our new 18,000-sq. ft. Auction facility. Often times, we can sell the
house and contents all in the same day.
Q. How long
does the auction take?
A. Real Estate auctions vary in length. We have sold houses for as much
as 25% and more, above appraised value in less than 5 minutes, but it
sometimes takes an hour or more..
Q. Isn't the
auction method usually a distressed sale?
A. Absolutely not! In recent years, the popularity of competitive bidding
has exploded to an estimated $28 billion in annual sales. Fortune 500
companies including McDonald's, Chevron, Wal-Mart, and Exxon utilize competitive
bidding because they know it is the best way to achieve the highest price
in the shortest time. Estimates show that over 30% of all Real Estate
in the U.S. are now sold using accelerated marketing. Government agencies
such as the RTC, FDIC, U.S. Marshals Service and the SBA all use this
method.
Q. Is it better
if I try to sell my property privately first? And if it does not sell
then use the auction method?
A. We do not recommend this approach. When a property has been marketed
prior to an auction, the property is then "labeled" with a price.
However, when a property is marketed at auction the minimum acceptable
price is determined between the seller and Matthew S. Hurley Auction Co.,
Inc. and is not disclosed. Then all efforts are set forth to sell the property for the maximum
dollar exceeding the minimum acceptable price.
Call
us today for a Free Consultation
(717) 597-9100 or (866) 424-3337
Real Estate Success Stories
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Downin Farm - Mrs. Downin's family and Estate representatives were not sure how to proceed after her passing, but liked the possibilities the auction method could offer to maximize the potential price they could get for her property. The property offered an 18th century stone farmhouse with plenty of land and a peaceful country setting. Interest was high and much speculation led to an auction day that saw over 200 people in attendance. The auction was short and the bidding fast, with the gavel falling at a selling price of $710,000.
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Ebersole Home -
The Ebersole's had listed there dream home twice with realtors with no success. The home was beautiful with the best views in the valley. The open houses were buzzing with anticipation and excitement. It was no surprise to have 20 bidders registered to vie for the property on auction day, all with $10,000 checks in hand. The bidding was quick and in less than 20 minutes, the property had a new owner at $365,000. After selling the Ebersole's house, we conducted 3 other auctions for them, including an antique auction, tool and machinery auction, and finally a gun and trophy animal collection auction. The combined auctions drew over 1,500 bidders.
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Apartment Building -
Recently we were called upon to sell an apartment building that had been on the market for over 20 months with no success. After several weeks of marketing. Auction day arrived with temperatures in the teens. Luckily for our seller, the bidding was HOT! With the building selling in less than 15 minutes. Once again the auction method turned a stale property into a HOT commodity.
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