The fastest growing segment of the auction industry is in real estate auctions. From 2003 to 2015, residential real estate auctions grew 46.6%; land and agricultural real estate auctions grew 36.3%. We market and sell homes and condominiums, estates, ranches, farms, lots, acreage, and commercial property. The importance of hiring a professional benefit auctioneer, that can artfully connect emotionally with the audience, will result in a great deal more revenue for your non-profit.
The knowledge of how bidders think at fundraising events helps set us apart from other charity auctioneers. Our Real Estate specialists can work closely with you to offer "Hybrid" listings which incorporate traditional real estate listing services with the aggressive, accelerated and targeted marketing of a Real Estate Auction marketing plan. Thank you for choosing David Ackel and his team for your real estate auctions.
We combine professionalism that has been polished over two decades to assist our clients in meeting their expectations.
The knowledge of how bidders think at fundraising events helps set us apart from other charity auctioneers. Our Real Estate specialists can work closely with you to offer "Hybrid" listings which incorporate traditional real estate listing services with the aggressive, accelerated and targeted marketing of a Real Estate Auction marketing plan. Thank you for choosing David Ackel and his team for your real estate auctions.
We combine professionalism that has been polished over two decades to assist our clients in meeting their expectations.
Services
David Ackel entered the world of auctioning, as a second generation auctioneer, at the age of 15 when his father, Mike Ackel, opened the first auction company in Monroe, LA.
David served in the auction company as a ringman and as a back- up auctioneer.
Following in his father's footsteps, David went on to become the 1999 Louisiana State Champion Auctioneer.
David earned his Master's Degree from the University of Louisiana at Monroe in 1998.
Since then, he has had the opportunity to work in the Private Client Services division for Fortune 500 financial institutions such as Well Fargo, Wachovia, and Capital One as a Chartered Retirement Planning Counselor to affluent investors.
David served in the auction company as a ringman and as a back- up auctioneer.
Following in his father's footsteps, David went on to become the 1999 Louisiana State Champion Auctioneer.
David earned his Master's Degree from the University of Louisiana at Monroe in 1998.
Since then, he has had the opportunity to work in the Private Client Services division for Fortune 500 financial institutions such as Well Fargo, Wachovia, and Capital One as a Chartered Retirement Planning Counselor to affluent investors.
From 2003 to 2015, residential real estate auctions grew 46.6%; land and agricultural real estate auctions grew 36.3%.
You sets the date of sale, which is usually 30 to 60 days from contracting, making it more predictable.
You retain control of negotiations.
Property stands out.
Payments like taxes, insurance, depreciation costs, and maintenance fees are ongoing but they stop once the house sells at auction.
Once we get all potential buyers together, the competitive bidding process kicks in and that is what sets the price.
You sets the date of sale, which is usually 30 to 60 days from contracting, making it more predictable.
You retain control of negotiations.
Property stands out.
Payments like taxes, insurance, depreciation costs, and maintenance fees are ongoing but they stop once the house sells at auction.
Once we get all potential buyers together, the competitive bidding process kicks in and that is what sets the price.
When I visit with a client to discuss selling a piece of real estate at auction, a seller will sometimes say, "I think I should list my property in the MLS with a realtor, and if it doesn't sell that way, then I'll consider an auction."
I advise exactly the opposite for several reasons!
First of all, once a house is listed in the MLS, it establishes the top price for the property.
With this type of traditional listing, you ask what you hope to get for your property.
However, everyone knows that prospective buyers are going to make an offer somewhere below that price, trying to get the best deal they can.
I advise exactly the opposite for several reasons!
First of all, once a house is listed in the MLS, it establishes the top price for the property.
With this type of traditional listing, you ask what you hope to get for your property.
However, everyone knows that prospective buyers are going to make an offer somewhere below that price, trying to get the best deal they can.
Let's begin with Point 1: The seller decides the sale date and terms.
Can any real estate agent tell someone exactly when a house is going to sell?
No.
But with an auction, the seller sets the date of sale, which is usually 30 to 60 days from listing.
Next, let's explore how an auction stops the seller's holding costs.
Taxes, insurance, depreciation, maintenance fees, landscape costs, pool maintenance, HOA fees, lost opportunity cost, interest on mortgage, etc., are holding costs and they can be extremely burdensome for the seller during the long, drawn-out process of a traditional real estate sale.
Can any real estate agent tell someone exactly when a house is going to sell?
No.
But with an auction, the seller sets the date of sale, which is usually 30 to 60 days from listing.
Next, let's explore how an auction stops the seller's holding costs.
Taxes, insurance, depreciation, maintenance fees, landscape costs, pool maintenance, HOA fees, lost opportunity cost, interest on mortgage, etc., are holding costs and they can be extremely burdensome for the seller during the long, drawn-out process of a traditional real estate sale.
Determine if the Property is suitable for Auction.
Analysis would include determining the Client's timeline to sell, amount owed on subject property, completing a title search, and determination of approximate value of the property.
Complete and sign a Real Estate Auction Marketing Agreement as well as a Real Estate Listing Agreement between Client and Auction Company.
Create advertising campaign and initiate marketing and distribute promotional material accordingly within the set timeline as agreed upon with Client and Auction Company.
Analysis would include determining the Client's timeline to sell, amount owed on subject property, completing a title search, and determination of approximate value of the property.
Complete and sign a Real Estate Auction Marketing Agreement as well as a Real Estate Listing Agreement between Client and Auction Company.
Create advertising campaign and initiate marketing and distribute promotional material accordingly within the set timeline as agreed upon with Client and Auction Company.
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