The Auction Selling Process
1. Initial Consultation
Contact MAG so that we can meet with you and thoroughly discuss whether your property is a suitable candidate for an Auction. We will provide an honest assessment of your needs.
2. Establish pricing and fees
Mag’s knowledge will provide insight to the current market conditions regarding the approximate value of your property. This will be discussed along with Auction Management and Closing Fees.
3. Select a Time/Date/Location
For each Auction several factors need to be considered in this process. Our team of experts will provide recommendations so that a suitable selection is made for all parties involved.
4. Property information
MAG provides expertise in obtaining title commitments, plats, well logs, tax info, septic permits, easements, zoning and other pertinent facts regarding your property.
5. Mass Marketing Campaign
A well executed Auction Does NOT happen by chance. MAG uses our team of experts to schedule, assimilate and develop the latest in marketing strategies. Our concentrated advertising includes compiling professional brochures, data base mail-outs, e-flyers, internet networking and signage specifically designed for your Auction.
6. On site showings
MAG provides an experienced team that will set up pre-auction dates/showings to allow buyers to preview and inspect your property. We are also available to answer FAQ that buyers may have regarding the Terms and Conditions of the Auction.
7. Auction Day
MAG works diligently to make every Auction a successful event. Attention to detail helps generate TOP-DOLLAR for our clients. The successful bidder will be asked to establish earnest money and sign a contract immediately upon completion of the Auction.
8. Closing
Most real estate sales are closed approximately 30 days after the auction at a reputable title company of the seller’s choice with the seller receiving their net proceeds at that time.
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