Brode & Brooks Inc, in conjunction with Stanley Rothenberger, now offers complete auction services as an alternative to the traditional real estate marketing services. Auctions are either “Absolute” or “Subject to Confirmation”.
An “Absolute Auction” is one where the highest bid price is a guaranteed sale. A “Subject to Confirmation Auction” is one where the highest price is presented to the Seller and the Seller needs to confirm acceptance of that price. In both types of auctions – Stanley Rothenberger (Auction License # AU003455L) has more than 12 years of experience.
Below are some of our recent auction sales:
- Type: Farmhouse (10 acres)
Location: Peevey Road
Seller: Upper Hanover
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- Type: Commercial Building
Location: Rt. 663/29 Pennsburg, Pa
Seller: Pennsburg Borough
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The National Association of Realtors quotes the following benefits to Seller and Buyer for the Auction Process:
Benefits to the Seller
- Buyers come prepared to buy.
- Quick disposal reduces long term carrying costs, including taxes and maintenance.
- Assurance that the property will be sold at true market value.
- Exposes the property to a large number of pre-qualified prospects.
- Accelerates the sale.
- Creates competition amongst buyers.
- Requires potential buyers to be pre-qualified for financing.
- The seller knows exactly when the property will sell.
- Eliminates numerous and unscheduled showings.
- Ensures an aggressive marketing program that increases interest.
Benefits to the Buyer
- Properties are sold at fair market value through competitive bidding.
- The buyer knows that the seller is committed to sell.
- Multi property auctions can be run from a single location.
- Buyers determine the selling price.
- Auctions eliminate long negotiation periods.
- Auctions reduce time to purchase property.
- Purchasing and closing dates are known.
- Buyers know that they are competing fairly and on the same terms as other buyers.
- Buyers receive comprehensive information on the property via a due diligence packet.
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