In Part one of this blog post we discussed several advantages of real property auctions Arizona.

Real Property Auctions Arizona Create Buyer Competition

• The auction process encourages multiple buyers to compete to purchase your property
• Competition generates excitement and motivates buyers
• Competitive bidding often draws prices higher than the seller’s expectations

Real Property Auctions Arizona Provide Good Buyer Candidates

• High demand, broad interest properties where competition between buyers would increase price
• Property a seller desires to convert to cash quickly
• Properties owned by seller who has purchased second property using a bridge loan or who has signed a contract for property “subject to the sale of existing property”
• Estate and surplus properties
• Inactive real estate listing needing a fresh marketing approach

BENEFITS TO THE REAL PROPERTY AUCTION ARIZONA 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 REAL PROPERTY AUCTION ARIZONA 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 buyer 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

For more information about real property auctions Arizona, contact Auction Systems.

Contrary to public opinion, a real estate auction in AZ offers selling conditions that are sometimes better than traditional real estate sales methods. Real estate auctions, in the United States, are on the rise. Banks, lawyers, and property owners are discovering that real estate auctions are a sound option and an avenue to profitability. Real estate auctions are effective and have advantages. They are an option that is worthy of your consideration.

The following are some advantages of real estate auctions:

• Quicker sale of real estate
• Eliminates high carrying cost for long periods of time (taxes, insurance, maintenance)
• Attracts the attention of buyers who compete for purchase
• Has pre-qualified buyers as real prospects
• Convenience of a complete package for the real estate and the personal property

A Real estate auction in AZ creates excitement because it brings together all of the potential buyers of a property, encouraging direct competition among buyers. Carefully planned promotions attract the necessary qualified buyers well in advance of the auction date.

Real Estate Auctions Have a High Exposure Sales Approach

• An advertising campaign is conducted for each property
• Quality brochures are distributed to a broad range of real estate purchasers

• Media is used to promote the property - including newspapers, television, radio, magazines, direct mail and video

• Encourages Realtor® participation

Real Estate Auctions Produce Buyers in 30 days or less

• Once the promotion begins, the auction sale takes place in three to four weeks
• Usually auction promotions generate a sale prior to auction day
• Auction avoids drawn-out negotiations and unnecessary contingencies because terms and conditions are preset by the seller

For more information about a real estate auction in AZ, contact Auction Systems.

Phoenix Auction House: Buying Tips for Auctions, Part 3

Auction Systems’ auction buyer tips will help you avoid the most common mistakes made by Phoenix auction buyers. Read up on laws, rules, bidding tips and buyer rights below:

Auction Buyer Tip #7: Don’t be shy about bidding loud and large. Raise your bid card in the air if you want an item and keep it up until you are done bidding. Make certain the auctioneer is aware you are bidding because the auctioneer may be taking bids from someone in front of or behind you. Once the auctioneer says “sold,” the item is gone even if you are willing to continue bidding. There are no do-overs in the Phoenix auction business. Spotters or ringmen are there to help the auctioneer spot bids and will signal your bid to the auctioneer.

Auction Buyer Tip #8: When the Phoenix auction starts, you will hear a ringman call out a lot number and give a brief description of the item. The auctioneer will begin selling the item and will ask for you to bid. The auctioneer continues to go up in increments until the item has been sold. Once the bidding has closed, the auctioneer will say “sold” and state the winning bidder’s number and the final selling price.

Auction Buyer Tip #9: During the Phoenix auction, clerks record the description of your items and your buyer number as well as the amount you paid for the item.

Auction Buyer Tip #10: There are some terms that are used during a Phoenix auction of which you need to be aware. These terms are “choice” and “all for one money.”

For more information about Phoenix auctions or for more buying tips, contact Auction Systems.

Auction Systems is a unique auction house because we offer numerous types of auctions on a regular basis. If you have something interesting that you would like to sell at an auction. We would love to hear your story. It does not matter whether you found a priceless item at a yard sale, inherited an antique from your grandmother or simply have something you want to sell but have no idea how much it is worth. We are interested in your item and your story.

Auction Systems would love to hear the story behind your stuff. We want to hear the stories of first-time auction goers to regular attendees, seasoned cosigners to “just sell this thing.” Tell us your story.

For more information about auctions or if you want to tell us your story, contact Auction Systems.

Heavy equipment will be available to the public at Auction Systems Auctioneers & Appraisers, Inc. Arizona warehouse in Phoenix next Wednesday, April 22, 2009. Construction companies, general contractors and subcontractors, and other interested parties are encouraged to attend our heavy equipment auction. If you’re looking for good prices on things like forklifts, excavators, flatbeds or propane trucks for your business, you will definitely find them at Auction Systems.

On Wednesday, April 22, 2009, the auction will begin at 10:00 A.M. MST at the new Auction Systems Auctioneers & Appraisers, Inc. location: 951 West Watkins in Phoenix, AZ. All of the items listed in the auction may be previewed and inspected by interested bidders on Tuesday, April 21, 2009 from 10:00 A.M. to 2:00 P.M. and on auction day, Wednesday, April 22, 2009 from 9:00 A.M. to 10:00 A.M., one hour prior to the auction. Some of the items available at Auction Systems’ heavy equipment auction include: Dump Trucks, Kubota Excavators, Propane Trucks, Forklifts, Cabs, Flatbed Trucks, Bobcat Excavators and more.

View the heavy equipment auction catalog at auctionANDappraise.com

Auction Systems announces auction of Phoenix Police stolen and forfeited items, jewelry, property, fiduciary trusts and bank forced liquidation this Saturday April 18, 2009 at 9 am (MST). View the complete auction catalog of Jewelry, Furniture, Appliances, Autos, Commercial Equipment, Electronics, Audio & Video components, Computers & Related items, Optics, Kinives & Swords, Sporting Goods, Tools, Electronics & so much more.

A bank required business liquidation auction of Great Granite Works in Phoenix offers you a great opportunity to acquire masonry and construction equipment and supplies at auction and at great value.  Join us Tuesday October 7th for this auction.

Join us Saturday October 4th at 9am and explore the treasures that await in Jewelry, Antiques, and Collectibles.  There is something for everyone, come join the fun. View the Auction Systems auction schedule.

Here at Auction Systems we always have a variety of items but this months police auction on August 16, 2008 has a good quantity of items for the small business contractor looking to add equipment to his/her fleet.  Just take a quick look at the first lot in ring 2, a WHITEMAN MULTIQUIP GASOLINE POWERED CEMENT MIXER, just click on the link below to view, and there are many more items!  Have fun looking on the Internet and we will see you at the preview on Thursday August 14, 2008 from 4pm to 6pm and Friday August 15, 2008 from 10am to 2pm.

At 9am Saturday August 9th the Auction Systems Treasure Trust auction gives you an opportunity to choose from treasures ranging from jewelry to antique items.  Bring the family as there is something for everyone and refreshments too! Visit our Phoenix auction schedule to learn more.