How Real Estate Auctions Allow Sellers more Control
Selling farms and ranches at real estate auctions gives the Sellers more control. You decide the set up. Sellers decide the dates and places for the auctions, how to market, and the minimal acceptable bid. In addition to deciding on the terms and conditions, the Seller also chooses the auctioneer!
This higher level of control empowers sellers to make informed decisions. Sellers also steer the event to align with their overall goals.
Setting Your Own Terms
By auctioning their properties, Sellers keep a significant degree of control over the sale process. They work with their auction companies to set up specific terms for auction sales. They decide the closing dates, they decide the financing requirements, they might formulate contingencies.
For example, you figure out the smallest acceptable bid for your property. This is the reserve price. By setting a reserve price, you protect your investment and ensure that the sale price meets your expectations. The Auctioneer manages the process as the bids come in. However, the Seller decides whether to accept the highest bid. The Seller has the final say.
Greater Control of Real Estate Auctions
So, with Land Auctions, you decide the timelines. Do you need to get out from under the carrying costs of an existing farm or ranch property? Have you inherited acreage and its holding expenses? Consider options for real estate auctions at Cruikshank Realty, Inc. in Lamar, Colorado.
Quickly Eliminate Carrying Costs
All real estate transactions come with carrying costs. What are some carrying costs? Think of the expenses incurred because of owning or holding an asset. In real estate these carrying charges include fees for owning a property, fees such as loan payments.
And they can add up when it comes to large acreage properties. Consider the following expenses:
Property taxes
Mortgage payments
Insurance
Utilities
Livestock
Property management or employee salaries
Regular maintenance
When property owners need to offload those carrying costs quickly, then it is time to consider real estate auctions. The Sellers will have control over the time for any land auction.
Auctioneers and Auction Companies
In southeastern Colorado, Cruikshank Realty, Inc., brings you 40 years of experience in real estate auction services and traditional transactions. Interview Auctioneer Gene Cruikshank at 719-336-7802.
Our Auction Company is well versed in all types of transactions and we sustain a large client base that spans the United States and beyond. Gene holds licenses in Colorado, Kansas, Oklahoma, and New Mexico.