Triple R Auctioneering

Why sell at auction?

1. It's a quick sale!
2. High carrying costs are avoided
3. Property market value can be demonstrated
4. Auctions receive maximum market place exposure
5. Auctions freeze the market
6. 0% commission on real estate auctions!

Ray Rew
301-14th Avenue NW
Waseca, Minnesota

Home: (507) 835-3387
Fax: (507) 835-1958
Cell: (507) 339-1272

E-Mail: rrr@mchsi.com

Sue Knutson
507-461-2349

Services!

-Auction Preparation: Our firm offers complete service-packaging, promoting, showing, conducting the auction from the sale to the closing. We charge for: expenses, time, plus a commission, which is comparable to rates charged for private negotiated brokerage services.

-Evaluating the Property: Just as a private brokerage company evaluates the property it lists for sale, so does our real estate auction company. All the physical and financial information about the property is reviewed and the property is inspected personally, as well as any required outside inspectors or consultants. When completed, an auction report will be presented. In the report, we will indicate whether the property is marketable at auction. If so, we outline the marketing strategy, type of auction to be used, how the property will be shown to perspective buyers, and the post auction follow up work that will be required.

-Framing the Offering: In an auction, the roles of the seller and the buyer are switched. In private settings, sellers normally set the prices and buyers set the terms. In an auction setting, the seller frames the transaction and the buyer, that is the market, sets the price on the basis of the transaction the seller frames.

-Showing the Property: Members of the real estate auction company are skilled real estate experts in showing property at its best. Particularly important is the auction company's ability to anticipate the questions buyers will have regarding the real estate being auctioned. Information that must be available for any real estate auction is anything pertaining to the property being sold, including operating statements, rent roll information, copies of leases, and any other supporting documentation. For industrial building or user properties, information must include building or user properties, information must include building plans, interior floor layers and loading capacities.