Below you will find a definition of each sale method we utilize. The "Private Auction" is a sales method we have developed over the last 10 years to offer the maximum advantage to a seller. Click on the "Private Auction" method to learn even more about this powerful marketing method.
PRIVATE TREATY- A method of selling in which the Seller, with the help of the Broker, determines an offering price (often referred to as "list price"), buyer inspects subject property and negotiates privately on an individual basis.
PUBLIC AUCTION- A method of selling in which prospective buyers are invited to gather at a given time and location and compete with open bidding on property to obtain the highest possible price. The auction may be done as an "Absolute Auction" with no minimum or reserve price. The auction may be done with a minimum price set ahead of time or "Subject to owner confirmation", which allows the owner to decide whether the highest price bid during the auction process is satisfactory.
PRIVATE AUCTION- A method of selling in which prospective buyers are informed of the selling guidelines and date at which time bidding may not end prior to. Bids are taken by phone with each active bidder given the opportunity to make additional bids until bidding is closed. Bidders will receive a call back notifying them of the current bid when a higher bid is received. During the auction process bidder's names are confidential however the current bid is public information. A "Private Auction" may be done either "Absolute" or "Subject to Owner Confirmation".