Redfield Estate Services is the only real estate brokerage company in the area that offers auctions in their suite of services. We have sold thousands of properties using different types of auctions. Auctions can be live, online, simulcast, sealed bid and may other forms. Any type auction we do is always transparent, utilizes competitive bidding and results in buyers getting a fair and market driven price and sellers realize the best overall value for their property
CLICK HERE TO SEE A SAMPLE OF OUR PAST AUCTIONS
FREQUENTLY ASKED QUESTIONS
I am a candidate for an auction?
Auctions can be the perfect solution for the following:
Estate Executor – You have been chosen to fulfill the wishes of someone, want to make sure you get market value, you are busy but need to fulfill the fiduciary responsibilities and other obligations…..all of this during a difficult time in life.
Downsizing – You are retiring or just downsizing and moving into another phase in your life and you want to receive market value in an acceptable period of time.
Health or Aging Issues – Your property needs to be sold quickly but proceeds are important to be able to care for you or move you to assisted care.
Unique or overbuilt property
Large tracts of land
Income producing properties
Properties where they have tried other ways of selling
Real estate where they to sell quickly for almost any reason
Is an auction right for me?
Auctions are perfect for some situations and not right for others. Contrary to some beliefs, the process is more about your situation and less about the property itself. We suggest a free consultation (initially it can even be done by phone) to determine your needs, situation and overall goals. We can usually determine if an auction is right for you in a very short period of time.
Will my property sell for less at auction?
With proper marketing, preparation and exposure prices at auction usually settle at market value. Our programs are designed to “bridge the gap” between the way traditional listings and traditional auctions are done. We give the buyers answers to their questions before bidding, taking the risk and guess work out of the equation. At auction, you set the date of sale, closing date and the terms. Only the price is left to be determined by the market. In a traditional listing, you DON’T set the date of sale, terms or closing date AND the price is still determined by the market. Sure, you can ask whatever you want, but the buyers offers their own price and you have the ability to so no. The same holds true with most auctions. It is important to remember that you must figure in insurance, utilities, maintenance, taxes, security, lawn care and other expenses in your net proceeds actually received from the sale. If your property sits on the market for a year with no sale, these are expenses you never get back.
Am I protected if I feel the price is to low?
With most cases (other than absolute), you will have the right to set a reserve price, a minimum bid or have the opportunity to either accept or reject the final bid. This protects you from the property selling far below market value (which almost never happens).
Do estates sell well at auction?
Estate auctions usually generate more interest than regular auctions. This could be because of the names associated with the estate or a multitude of other reasons. We handle both the real estate and personal property and use the latest in advertising methods to insure proper exposure for all of the assets. In most cases, since estates are more time sensitive than other circumstances (executors and family members are taking time away from work, property is vacant, expenses continue that the estate must pay for) and the auction process is the best and most effective way to settle the estate in a timely manner AND also realize the best net returns.
Do you supply any additional services?
In addition to many different auction and expedited listing options, we can also manage the tasks of preparing a property for sale, touch up, unwanted asset removal, trash removal, home cleaning, lawn maintenance, arranging services and more. Our available services let you choose which options will best fulfill your needs. Redfield Estate Services knows that each part of this process can be very time consuming and many times can become overwhelming. We make the process simple during these difficult times.
What if there are multiple heirs?
The number of heirs doesn’t affect the auction or selling process. This might be the best way handle a situation where one heir doesn’t want to sell while the others do. At a public auction, the heirs can reserve the right to bid on the property and compete with other bidders to purchase any of the properties they would like to own. If they are due a percentage of the overall estate, they will get that portion of their purchase price back when the estate is settled. This gives everyone the opportunity to buy what they want and still settle the estate in a timely manner. It can also keep problems from arising from within the group of heirs.
How do Redfield’s services differ from a traditional real estate firm?
Redfield Estate Services is a one call solution that offers many different type sales platforms. Each one is designed to meet the needs of those that are estate executors, people downsizing and those that have tried other ways to sell their property. We approach the market differently by providing answers to questions before hand, competitive bidding and a time sensitive sale. We believe that there is more than one way to accomplish goals and that each deal has its own set of unique circumstances and issues. That is why we have many different platforms and can recommend the one that best fits your needs after a brief consultation with you. As always, there is no cost or obligation for this consultation.
5 Things Every Estate Executor Should Know
This eBook contains tips that every executor should know:
5 things you should know
Mistakes to avoid
Who to take advice from
Who makes the decision
Make it easier on yourself and better for the estate
Can you hire professionals to help
What are your responsibilities as an executor