Frequently Asked Questions - Agents
One of our auction professionals will accompany you and will present our auction program to your sellers. As you can see, it is very different from traditional brokerage and it does require a detailed presentation to the seller.
Schedule an appointment for you and our auctioneer to meet with your sellers.
You are a very important part of the entire auction process. Your name and phone numbers will be listed in the auction ads so you will be receiving the majority of the calls about your property along with the auctioneer in charge.
Most properties, but certainly not all are saleable by auction. Residential property, commercial property, vacant land, even boat slips are sold at auction. The majority of sound developments that can be marketed effectively do extremely well at auction.
It depends on your seller’s needs. Any number of reasons. If the seller needs immediate action for the sale of their property. Some common reasons include job transfer to another city, they have already purchased another home, they are absentee land owners (some may have inherited property but live in another city; they once lived here and thought they would come back but have chosen not to), 1031 tax exchanges where timing is an issue, and farms that have been divided where multiple properties can all sell in one day. Very seldom do we hold an auction due to foreclosure. Sometimes, we do auctions in lieu of foreclosure.
Some of our best and most popular auctions are with unique properties. Those that have no comparables and will attract a large number of buyers.
We are realtors and believe our job is to advise people on the best way to market their property. We are not in competition with you for your customers, we are here to assist you much like a mortgage lender, appraiser, and a closing company. We know it takes a high level of trust on your part to make any recommendations to your client. We are here to earn your trust and are glad to answer any questions you might have. Below are some of the most frequently asked questions. Thank you for your interest in Bob Parks Auction Co.