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The auction sale is often the best option when both time and price are of paramount importance.  The versatile menu of auction services offered by Inland Real Estate Auctions, Inc. can be applied to every unique market and classification of real estate.

The accelerated marketing process, with an abbreviated time-line of 6 to 8 weeks, establishes a date-specific sale turning real estate into a liquid asset.  Cash, non-contingent bids confirm sales and reduce or eliminate carrying costs associated with holding property for extended periods of time.  A broad-based and intensive advertising program creates dominant market presence, immediate excitement and high demand.   Limited property showings are scheduled well in advance and assemble the market which focuses attention on the asset, often freezing activity on competitive properties in the market.

The open auction creates a competitive bidding environment, momentum is upward as opposed to the downward momentum of a conventional sales approach.  Market prices are achieved while meeting specific exit strategies with the use of real risk minimization techniques.   No maximum offering price is established which can lead buyers to pay more than a seller may expect from conventional methods. 

Other Benefits of an Auction:

  • Immediate local, regional and national demand for the asset;
  • The auction necessitates immediate action and attracts motivated buyers, thereby speeding up their buying decisions and creating a larger market for your real estate;

  • Financial planning and forecasting become reliable;

  • Defines the market for unique and difficult to value properties;

  • Terms are structured to meet the sales objectives of the seller;

  • The accelerated timeline of the auction stops erosion of equity by turning a low or non-earning asset to cash that can be reinvested for greater profitability.

An Open-Outcry Auction is an innovative and effective method of selling real estate.  A professional real estate auctioneer, along with a number of bidder assistants, is used to promote active bidding in a ballroom setting. This approach is used when a number of bidders are expected to bid.  The open and competitive nature of the bidding process increases the price level as buyers see value placed upon the property in real time.  Terms and conditions of sale are pre-established, approved sales contracts are executed without modification, and substantial non-refundable deposits are collected from the high bidders.

A Sealed Bid Auction requires bidders to submit bids and certified funds (earnest money) to the offices of Inland Real Estate Auctions, Inc. prior to a pre-designated bid deadline.  All bids are confidentially retained for the seller’s review and are irrevocable for a specific period of time, allowing the seller to review all offers side-by-side prior to making a sales decision.

A Sealed Bid Hybrid Auction is an innovative format which utilizes a conventional Sealed Bid format but also provides for select bidders to be notified by the Auctioneer with an opportunity to place a best and final offer (BAFO) either through a sealed format or an open auction format.

An Absolute Sale is a sale with no reserve or minimum bid and the property will be sold to the highest bidder regardless of price. An absolute auction is a strong calling card as it assures buyers that a sale will be made; therefore, buyers can justify their time and effort to investigate the property. The absolute sale acts as an enticement for bidders to participate.  The absolute sale encourages the greatest level of participation and operates on the principle that competitive bidding will push incremental bids to the highest levels that the market will bear.

A Minimum Bid Sale dictates that the property will be sold at a price equal to or greater than the published minimum bid.  An auction with a minimum bid is effective if the minimum bid is established significantly below the market’s expected valuation for the property. A seller who establishes a proper minimum bid sends a clear message to the market that this is a serious offering and the auction will result in a final sale of the property.

A With Reserve sale means there is no definite price at which the seller guarantees a sale to the market.  Rather, a low ‘suggested opening bid’ is published and the seller reserves the right to accept or reject any and all bids usually within 48 to 72 hours following the auction.

Real Estate Auctions Property Types

Retail

Owners of all types of retail real estate nationwide benefit from Inland Real Estate Auctions, Inc. multi-faceted presence in the retail sector. Clients of Inland Real Estate Auctions, Inc. are assured that every program is handled by a team of professionals who understand the unique nature of the retail property transaction. Properties spanning the entire spectrum from regional malls and shopping centers to gas stations and laundromats can be sold in as little as six weeks.

Resorts

An auction presents your property to potential buyers often overlooked by conventional real estate sales methods. Inland Real Estate Auctions, Inc. intensive marketing approach and our extensive data base of investors and other potential buyers ensures a broad reach to the largest number of potential buyers. This creates competition among buyers, allowing the seller to set the terms and conditions of the sale. Whether you are considering a sale of your property or current sales efforts are not achieving the desired results, we invite you to contact us to discuss our accelerated marketing and auction programs.

Office

Inland Real Estate Auctions, Inc. proven, multifaceted marketing program stimulates and accelerates the sale of office property. The short and intensive advertising campaign identifies pre-qualified users and investors meeting the seller’s specific terms of sale in a period of 6 to 8 weeks.

Industrial

Industrial properties are often challenging to value and are therefore ideal for auction. The market determines the value of the property, and in an auction, there is no price ceiling. The short time horizon and intensive marketing for the auction draws immediate attention to the property and accelerates the sale, thus reducing the carrying costs of taxes, interest, maintenance, security and lost opportunity.

Development Land

Highest and best use of real estate can be established by the market place, an important determinant of value for development land. Auction marketing eliminates long holding times, allowing sellers to free up capital in order to move on to other projects. Inland Real Estate Auctions, Inc. experienced brokers can assist holders of development land achieve their project goals.

Hospitality

Inland Real Estate Auctions, Inc., the nation’s premier accelerated marketing company, represents leading hospitality facility owners in the timely disposition of restaurants, hotels, and other destination entertainment properties. Inland Real Estate Auctions, Inc. presence in the national hospitality sector gives an intimate understanding of the complexities involved in the marketing, sale, financing and transition of hospitality assets allowing our clients to rely on expert execution and immediate results.

Special Use

Special Use or Purpose Built properties are not easily valued as there often are no comparables. These properties require relevant knowledge and skills to market them effectively. Golf Courses, Marinas, Ski Resort, Churches and Funeral Homes are among the types of special use properties Inland Real Estate Auctions, Inc. expert team has sold. Please contact us if you have a Special Use property for an analysis and proposal.

Single Family

Developers and private home owners can maximize the price of their properties using our auction program. That unique home can be sold within six to eight weeks and closed in eight to twelve weeks. Ask Inland Real Estate Auctions, Inc. to show you how to make the auction method of accelerated marketing work for you.

Multi-Family

Inland Real Estate Auctions, Inc. accelerated marketing and auction services provide clients with a competitive edge, focusing the market on your properties. An auction eliminates the long holding times and back and forth negotiations associated with conventional real estate sales methods. Inventories can be sold in only six to eight weeks.

Government

Inland Real Estate Auctions, Inc. has successfully sold excess properties for local municipalities as well as Federal and State Governments. Let us sell your excess properties in a timely way, returning them to the tax rolls and recapturing your capital investment. Sale by auction has the added advantage of allowing the seller to control future land use as part of the established terms of sale.

Condominiums

Whether it is new construction or a conversion, our accelerated marketing formula works to meet your goals. Should a new project need a jump-start, or a mature project requiring a close-out strategy, Inland Real Estate Auctions, Inc. auction team will answer your needs. Contact us for further details about our proven experience.