|Arn B. Malmberg offers
the best of both worlds to clients and customers. As both
a Licensed and Bonded Auctioneer and a Licensed Realtor
we are knowledgeable in both styles of selling, but we
favor the Auction method. When selling real Estate at
auction, we offer three auction methods:
The auction method can produce a "quick sale" without the high carrying costs and time is not wasted. An intensive advertising promotion prior to the auction date draws attention to the property, providing maximum exposure and visibility to potential buyers. Competitive bidding allows the property to be sold at a fair market value and provides the only potential of realizing more money than the anticipated asking sale price.
An "Open House" is generally scheduled several times prior to as well as the day of the auction. This allows brokers and prospective buyers to inspect the property before auction day. The amount of individual negotiations which make many buyers and sellers feel uncomfortable, is limited when using the auction method. Also, when selling at auction there are no lingering negotiations or sudden surprise offers and counter offers. There is a definite time and date which the auction is held and settlement to be within 60 days of the auction date. Most properties are sold "AS IS" with no contingencies, however, sellers disclosure should be applied. Once bidding starts, price is always negotiated up, not down like conventional sales methods.
When offering tracts of land at auction, the owners have a chance to get literally all they can out of their land. Many times the seller can have multiple auctions out of one piece of property. They can sell their stand of timber or their gas, mineral & mining rights as well as crops and the land itself with royalties. All offered in a single or multiple auction.
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