Why is our Marketing so successful?

David Ackel Auctions is committed to providing targeted and aggressive advertising and marketing campaigns when listing properties through the auction method. A proposal will be prepared outlining how we propose to market your property in print media, internet advertising, PR blasts, websites, special interest publications, radio or television.Making your property stand out in the marketplace is the key to finding a buyer quickly. While auctioning real estate is not for everyone, we believe that tailoring a marketing plan to the property is essential to maximizing results. Real Estate auctions command attention and create competition while eliminating all contingencies.

Why use the auction method to sell your real estate?

  • Creates competition among buyers, bidders compete with each other for the top offer with unlimited upside-potential.
  • The auction process provides 3 opportunities to sell – before, during and after the auction.
  • Brings buyers to a point of decision, they must act now or lose an opportunity to purchase the property.
  • Intense urgency is created by the advertising campaign, which generates a level of emotion not associated with traditional method.
  • Brings buyers to a point of decision, they must act now or lose an opportunity to purchase the property.
  • Seller sets all sale terms.
  • Predetermined sale date, the seller knows exactly when property will sell.
  • Seller is removed from the negotiation process.
  • Holding costs are reduced by reducing the amount of time to sell.
  • Property under contract in 10 minutes and closed in 30 days.
  • Seller only pays for their closing costs.
  • Limited property showing or “Open House” and eliminates unscheduled showings.
  • Buyer pays agent commission – not the Seller.
  • Buyer signs “No Contingency” contract, property sold “as is”.
  • Exposes the property to a large number of prospects.
  • Through competition and open bidding, the property achieves its true market value.
  • Accelerates the sale and closing (5-6 weeks typically).

What is a real estate Absolute Auction?

Properties offered at Absolute Auction will be sold to the highest bidder, regardless of price, with no minimums and no reserves!

Can I use the services of a real estate broker to assist me?

We welcome and encourage Broker participation! Broker Registration Forms are available for download on individual Property sites with specific terms for that Property.

What does it mean to buy the properties in “as is” condition?

Buyers purchase the Properties with no guarantees in regards to the condition of the properties. Buyers shall rely entirely on their own information, judgment, and their own inspection of the properties.

What does it mean when a property is subject to “seller’s confirmation”?

Properties that are sold subject to the Seller’s confirmation are offered with the Seller reserving the right to reject a top bid for any or all of the properties. If the brochure does not reflect “Absolute” in the property, then it will be sold subject to Seller’s confirmation. However, Sellers spend a great deal of time and upfront money on an Accelerated Marketing Program. They are definitely motivated to sell!

Is a real estate auction for everyone?

Every situation is different. At David Ackel Auctions, we take it upon ourselves to discuss every option available that is in our client’s best interest. What sets us apart from other companies is that we take a great deal of time on the front end educating our clients so that they can make a wise decision that fits “their” situation. No matter what course of action is decided upon, whether it be auction or a traditional real estate listing, we will help you with all of your real estate needs. Read More

What are the Benefits to buying real estate at auction?

  • The buyer knows the seller is committed to sell.
  • Closing date is known.
  • Buyers know they are competing fairly and on the same terms as all other buyers.

Selling Real Estate without auction?

  • Seller sets price. Purchaser negotiates seller down. No competition.
  • Purchaser typically has time and is exposed to property by general advertising or broker. No emotion or urgency.
  • Property sold at buyer-negotiated price without benefit of competition.
  • Buyer negotiates sale terms.
  • Indefinite sales date.
  • Seller is highly involved in cumbersome negotiations.
  • Potential holding costs could be substantial.
  • Time-consuming process with contractual terms under control of the purchaser.
  • Seller can be obligated to pay Buyer’s closing costs and Buyer’s financing cost.
  • Unscheduled or numerous showings.
  • Seller pays agent commission.
  • Seller must wait on all contingencies to be satisfied before closing can be scheduled.
  • Seller must satisfy and pay for all repairs listed.