Foreclosure Auctions were perceived as the last resort of desperate developers and property owners but have fast become an acceptable and more often than not the preferable sales strategy according to real-estate experts.
The real-estate market adjustment has left Virginia blanketed with foreclosure for-sale signs. Now banks are using what many sheriff departments have been using for years the tried, true and proven auction method to attract buyers to their properties up for auction. According to auctioneers, real-estate agents and the buyers themselves, the strategy is working better than anyone expected.
The auction method creates a vigorous market of consumers filled with a sense of excitement, competitive attitude with an urgency to buy. In many instances, auctions become so frenzied that prices are driven above what some consider to be market value.
The buyers at auction have an opportunity to purchase property at true market conditions.
Thus, a win-win situation is created because of knowing when the property will sale, the real estate owner can budget accordingly without the worry of carrying the substantial costs of owning real-estate. More and more banks are seeking auctioneers more out of arrangement than desperation.
Foreclosure Auctions are conducted in situations which necessitated an immediate sale. As a result, foreclosure auction sales acquired a negative connotation. However, in the last year and a half, an increasing number of foreclosure auctions have been conducted with the objective of avoiding or minimizing potential losses rather than as final acts of desperation. For example, a foreclosed upon home could be listed by a broker/agent and have the property languish on the market for months costing thousands in lost equity.
We at Virginia Real Estate Auction work with our clients to make sure that each step of the foreclosure auction process will bring the highest return on the property. Let VA Real Estate Auctions show you how we work to bring in the highest returns and use technology to effectively market and sell your real estate with targeted market research, descriptive listings with professional photography, online auction bidding
with the best customer service.
Contact us
and find out more information about how we can provide you with the auction services on a timetable that meets your requirements and best suit your needs. We'll discuss your needs and do a preliminary assessment
of whether your New Home is a good candidate for a VA Real Estate Auction.
If your foreclosure property appears to be a suitable candidate and it is your best interest, we will send our experienced auction
marketing specialists to visit the property
and learn about how we can make certain your hope by faith thru grace meeting your needs and expectations. This allows us to begin preparing a preliminary strategy for marketing and selling the assets of foreclosed on property.
After the visit and in-depth evaluation are completed, our marketing team will develop a campaign specifically designed to market your foreclosed upon property. This will come to you in the form of a proposal, which will include a detailed media plan for advertising in venues that will maximize the value and provide you the best results for your property type.
Once you have approved the plan we will meet with you to discuss our VA Real Estate Auction agreement, our team of professionals will begin putting the campaign into action. The Virginia Real Estate Auction project manager will be your single point of contact and serve as a liaison to our entire team of professionals. The project manager will visit your property so that he or she can provide our marketing specialists with all of the information needed to carry out a successful campaign. During the marketing campaign, brochures, advertisements, web marketing and other media will saturate the appropriate target market. Every detail, from legal work to signs, will be carefully implemented to ensure a smooth and successful sale. Throughout the entire campaign, you will be provided with weekly update reports that track our progress.
These efforts will culminate with the VA Real Estate Auction event. On sale day, bidders will begin registering a few hours before the designated auction time. VA Real Estate Auction bid assistants will circulate among the bidders to answer questions before the auctioneer explains the terms of auction. Before the live auction
begins, the auctioneer
will provide an example of the bidding
process to familiarize the audience with bid calling. From start to finish the VA Real Estate Auctions team will be working with your best interests in mind doing everything possible to help you get the greatest return on the foreclosed upon property.
To begin the process call us at 814-753-4755 or
toll-free 866-526-9734 or send us an e-mail by Clicking Here.