Why Auction?

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• Expedites the sale and sets a certain date

• Creates a sense of urgency

• Focuses attention on your property

• Unique approach creates a buzz about your property

• Attract serious, qualified buyers

• Achieves highest possible purchase price through a transparent and competitive bidding process

• A sale with no contingencies except delivery of clear title

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Some of the ways we conduct our auctions include:

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Live On-Site Auctions

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Live On-Site auctions are the well-established auction method and is one of the best ways to get your property sold on a day certain at a certain time.

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Online Auctions

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These auctions are particularly attractive for properties where some buyers may not be able to attend the auction personally but have inspected the property in advance of the auction.

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Sealed Bid Auctions

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Sealed Bid Auctions including "Stalking Horse bid solicitations" during the sale process, where the top 10% convert to a private live auction, as well as other hybrid methods are variations on this strategic sale process.

 

Multi-Par Auctions

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Multi-Par Auctions are a method of bidding most often used for undeveloped land. This option allows bidders to first bid on individual tracts of land within a larger land tract. The next step of the auction takes bids on the large land parcel in its entirety. During last facet of multi-par bidding, the auctioneer offers various combinations of the smaller tracts. This auction method offers sellers the unique ability to evaluate which combination of offers provides the best overall result. This method also allows bidders the opportunity to purchase property in any configuration that best suits their needs.

 

Bidders Choice Auctions

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Bidders Choice Auctions are an option which groups similar real estate parcels into pools. One pool at a time is displayed in the auction room. Bidders then bid for the right to select the property of their choice from the pool. The winning bidder's choice is then removed from the pool, and the auction continues with additional rounds of bidding.

 

Absolute Auctions

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Absolute Auctions can be the best way to generate the most interest in your property, and may be the best way to realize the highest price, and we will help you fully understand all of the pros and cons of this method of sale.

 

Disclosed Minimum Bid Auctions

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Disclosed Minimum Bid Auctions give the buyers the opportunity to know in advance what the minimum bid amount will be. For this strategy to be effective the minimum bid should be far below what any buyer would ever expect to pay for the property and the seller must be prepared to sell the property at or above the minimum bid price.

This auction process generates demand from buyers by offering significant profit potential to the marketplace and gives the seller a bottom line number acceptable to them.

 

Reserve Auctions

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Reserve Auctions give the seller the right to accept or reject the high bid unless the high bid is equal to or greater than the undisclosed reserve price agreed upon in advance by the seller and the auctioneer. For this strategy to be effective the seller must be highly motivated to sell and the buyers needs to believe that the seller is highly motivated to sell.<br>

While every buyer would prefer that every auction be absolute or with a disclosed minimum bid, sometimes that is just not possible because of certain legal requirements of the seller. The marketplace will accept reserve auctions as long as the reason for the sale and the credibility of the auctioneer motivates the buyer to bid. Before Graham Auction Company will accept a reserve auction, we must thoroughly underwrite the value and the property so we are confident that the property will trade at the auction.