At Smith Auction Marketing our relentless pursuit to offer the best attended auctions, make the best use of technology and achieve top dollar for our clients we have completed our recent effort to take our Live Public Auctions online.  Our Live Public Auctions will not be simultaneously broadcast online at the same time.  Onsite and online bidders will compete for your property at the same time. This option allowsanybody in the world to bid at your auction, and since they have been prescreened and required to post a deposit before bidding you can feel secure in knowing the transaction will complete. 

This online option also allows us the ability to accept prebids on your auction so you don't have the worry and concern all the way up to auction day what your property might bring.  Prebids can not be viewed by the public but can be viewed by our staff.  This will be a great indication of what the property will bring and perhaps if you reserve has been met prior to sale day. 

If you are selling real estate in Iowa contact us about our auction services.  Real estate auctions bring real buyers, right now with closing in 60 days.  Only auctions can promise you an offer on the table in 30 days for market value.   Our sales include Iowa farmland, recreational land, estates, machinery and farm sales now with the great ability to welcome online bidders to your sale.  Visit our Iowa Auctioneering website or click on the Proxibid logo to see our upcoming auction with online bidding.

In today's slow moving real estate market are you having trouble getting your home noticed?

Real estate auctions can deliver the results you need.  In fact, a real estate auction can put cash on the table in 60 days from the very first day you sign the listing agreement with the auctioneer. 

The first 30 days are spent marketing the property and the sale is held near the 30th day.  Closing is set for 30 days after the sale and often occurs before that time so you can expect to have your home sold in 45-60 days. 

The first argument is likely going to be "well I won't be able to get what I want for it"  You may be absolutely right and you might be wrong.  Sometimes real estate sells at auction for more than the seller wanted to ask for it through an agent.  In some cases you'll never get what you want, have to have or need to get.  In some cases its just not possible.  I'm well aware, as are the banks that a huge portion of Americans now have negative equity in their homes today.  If you are facing foreclosure its possible your bank will work with you to "short sell" your home, in which case they allow you to sell your home for less than you owe against it in satisfaction of your debt to them.  This is not always the case but in todays market short sales are very common, and often a cheaper option for the bank than actually going through with foreclosure.   An Auctioneer can work with your bank and help sort out the details and request the short sale if you sign an authorization for them to discuss the situation with your representative.

A home is only worth what someone is willing to pay for it and those numbers fluctuate constantly.  If a buyer can buy a home that fits them just as well or better for a cheaper or comparable price it affects the value of your home in their mind.  Buyers will compare all of their options and establish a value for your home, value is what they are willing to pay.  They are willing to buy your home, at a certain price, everybody is willing to buy your home at a price that is right to them.  The driving force in today's home sales is how much a buyer will pay for the home, not what the seller wants for it.  If the seller wants to much why would the buyer not just walk across the street, down the block or across town and buy another home that is more appropriately priced?

How do you know if you are ready for an auction?

I believe a real estate auction should be your first choice each time for the sale of your real estate.  It guarantees you do not leave even one dollar on the table, it is much easier than listing your home, and it establishes the absolute highest dollar someone is willing to pay for your property.  Here are some signs that its absolutely time for an auction.

You've had your home listed with a Realtor for more than 180 days.

You've had your home listed with a Realtor for 90 days and had fewer than 3 showings.

You are tired of getting the house in order for showings to get no offer.

Feedback from lookers always revolves around price, location or condition.

You are facing foreclosure. (Call quickly)

You are being relocated, or have another reason you must sell quickly.

You are an absentee landowner and do not want to commit 6 months or more to selling property.

You are settling an estate

You have many other items to sell along with the real estate such as machinery, tools or household items.

At Smith Auction Marketing Company we work with Realtors, and while I understand they want to hang onto you as long as possible to recoup the money they have into marketing your property, they do have the option of working with an auctioneer and splitting commission no differen than they would with another real estate agent.  If you are sitting at home reading this I can only assume you are motivated to get your home sold, recommend to your agent the possibility of partnering with an auctioneer to sell your home. 

For you to be successful with an auction you have to be ready, willing and able to sell your home.  This includes a realistic view of what you will get for your home and understanding the highest bidder may be below what you want for the home.  You may get what you want and more if your home is marketed correctly, either way IT WILL get an offer on the table that you can work with.

What is the alternative?  Languishing in the MLS for another 6 months, 12 months, 18 months? They are out there, homes that have been listed for over 18 months.  There are more of them than ever now. When I first was licensed as a real estate agent I was told that I was to call all my sellers each week, and even if there was no activity on their listing I was to tell them we had a few calls on it but the callers thought the price was a little high.  This was supposed to prompt clients to reduce their price and make the listing easier to sell.  I value my integrity and have always felt honesty was a better policy, after all its my job to give good honest advice. 

Do yourself a favor and call real estate auctioneer today, get your home sold in 60 days.