Offering real estate at auction is just another way that Garth’s can help you and your clients address property disbursement decisions. Our experienced and knowledgeable staff, we offer personal property appraisal, on-site auction services, and the expertise required to recognize special or rare objects that need exposure in a world-class auction.  As a fiduciary agent for your client, you can be confident that you are achieving the most appropriate exposure for their real and personal property. 

Why auction?

Real estate auctions:

• simplify estate / asset settlement.  When a property goes to auction, we define the selling date (auction day) and closing date when you contract our services, eliminating lengthy carrying costs for your clients and assuring an efficient settlement of estates.
• put control back into the hands of you and your client, even in a “buyer’s market”.
• are generally conducted "as-is, where-is". Buyers are encouraged to have a home inspection in advance of the auction; but with no expectation of the seller addressing the issues found.
• often mean selling with no contingencies.
• eliminate wasted time with buyers who are not serious. Bidders are presented with the seller’s contract – and must pre-qualify for financing, make a substantial cash deposit the day of the auction, and come prepared to close within the specified time period.
• assure you and your clients that true market value is achieved.  Auction encourages competition between buyers and may mean a higher sales price, and more net proceeds for your client.

Why auction first?
When used after traditional listing methods have been exhausted, auction can be seen as “the court of last resort”, and top dollar cannot be achieved. A property that has sat on the market, unsold, has the stigma of being over-valued, or problematic in some other way. On the contrary, when auction is used first, true market value can be established, without tainting the property by subjecting it to negative market conditions. At auction, while a seller can protect their investment by setting a reserve (or minimum) bid, buyers establish the property value – sometimes exceeding the owner’s expectations.

What does it cost to sell a property at auction?
While every property is unique, and specific terms must be determined on an individual basis, you can be sure that selling at auction will cost your client no more than listing the property with a realtor in the traditional method.  In fact, even when a comparable seller commission is charged, selling at auction should save your client money over a traditional listing method.

What if a property does not sell at auction?
Most properties that are carefully selected, will sell successfully using the auction method. However, in the rare case that a property does not sell at the auction, we will have identified a pool of interested buyers to whom we can market the home and work with directly.

Why Garth's?
Garth’s has auction expertise, solid real estate experience and progressive leadership; in short, we are poised to make our mark on the real estate industry. Since 1954 Garth’s has been conducting dynamic and successful auctions marked by personalized customer service and unparalleled integrity. Over the past five decades, our business has evolved to become one of the nation’s leading auctioneers of art, antiques and decorative objects. Garth’s is well-known for cutting edge, first-class marketing; and for achieving top sales prices for client merchandise. We have years of experience in educating buyers, sellers and fiduciary agents on the benefits of the auction method and have a sophisticated understanding of estate issues. We can offer you and your clients solutions for selling both real and personal property.  We are confident that you will find our expertise invaluable.

What if my property is not in Ohio?
Garth’s is licensed in other states, and often has the ability to obtain licensing as needed.   Call to find out if we are licensed in your state. 

Can I request references?
Garth’s would be happy to put you in touch with any of the satisfied attorneys, judges and other members of the legal and banking communities who have been completely satisfied with our services.  In fact, many of these folks call on Garth’s first – to help them make good decisions about all of their clients personal and real assets.

How can I find out more?
Give us a call. Drop us an e-mail.  Visit www.garths.com for more information regarding Garth’s quality fine art and antiques marketplaces. 

We would be happy to talk with you about whether the auction method is right for your clients.
Amelia Jeffers | (740) 362.4771

 

 

 

 

 

 

 

 

 

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