Auction

WE ARE PROUD TO ANNOUNCE THE OPENING OF OUR NEW AUCTION DIVISION!

IN A DIFFICULT MARKET CONDITION, WE HAVE DEVELOPED THE SOLUTION!

JOINING FORCES WITH CHESAPEAKE MARKETPLACE AUCTION COMPANY, WE HAVE A ONE OF A KIND, DYNAMIC PROGRAM TO GET YOUR PROPERTY SOLD BY USING OUR COMBINED RESOURCES. SIMPLY YOU HAVE THE BEST OF BOTH WORLDS!

A TRANSPARENT PROGRAM INVOLVING TWO DIFFERENT AVENUES TO GET YOUR PROPERTY SOLD! EFFECTIVELY DOUBLING YOUR MARKETING EXPOSURE !

SIMPLY, TRADITIONAL REAL ESTATE MARKETING METHODS AREN'T WORKING IN THIS MARKET! AGAIN, WE HAVE THE SOLUTION!

IF YOU HAVE BEEN ON THE MARKET MORE THAN 6 MONTHS OR NEED TO SELL BY A SPECIFIC DATE, THIS PROGRAM IS FOR YOU.

(THE ABOVE STATEMENT IS NOT INTENDED TO SOLICIT CURRENTLY LISTED PROPERTIES)

WE GUARANTEE RESULTS OR YOU OWE US NOTHING!

REASONS TO CHOOSE AUCTION...

The Auction Method accelerates the sale of your property by generating additional consumer interest and activity. No Contingencies and 30-day Closings are required features of all our auctioned properties. This means a quick transaction for you.

The real estate auction process is well established, much like auctions for fine art, antiques and collectibles, and it is growing in popularity, because it works!

Seller Benefits:

Auction offers the seller another option.
Auction creates competition among buyers, consequently, the auction price can exceed the price of a negotiated sale.
Auction generates excitement and heightens buyer interest.
Auction creates the most exposure in the shortest period of time and accelerates sales.
Auction day requires that potential buyers be registered and qualified with certified funds.
Auction eliminates high seller carrying costs -- such as interest, taxes, and maintenance.
Auction brings buyers to a point of decision -- act now or lose the opportunity to purchase.
Auction is a true market forum.
Reduces risk of holding vacant property.
Sellers select the date the property will be sold. They control the sales process.
Sellers set the terms and conditions of the sale. No Risk!
Auction eliminates numerous and unscheduled showings.
Auction takes the seller out of the negotiation process.
Auction is an aggressive, advanced marketing program that increases interest and awareness.
Sellers are able to obtain liquidity, free up capital and move on to other investments.
All properties are sold "As-Is, Where Is" which eliminates contingencies (including financing and home inspection) that prevents a timely settlement.

Buyer Benefits:

Smart investments are made because properties are purchased at fair market value.
Buyer knows the Seller is committed to selling the property.
Buyer determines the purchase price through competitive bidding.
Auction eliminates the long negotiation process.
Purchasing and Closing dates are known.
Buyer knows he is negotiating fairly and on the same terms as all other buyers while they openly compete with one another.

OUR AUCTION PROCESS:

After listing with property with Paterson's Preferred Properties, Inc. we will engage in a aggressive marketing program to get the word out on your property. At a predetermined point we will go into the auction phase and Paterson's Preferred Properties will continue to market your property along side of Chesapeake Marketplace Auction House. The power of the two companies marketing programs will attract a unique audience of purchasers from both the real estate and the auction communities. For the Seller, truly the best of both worlds with no additional cost!

For those purchasers engaged in real estate buyer broker agreements, we will still offer your Realtor compensation. Realtors must be present and registered at the property pre inspection and be present at the auction.

Typically, our auctions are held on-site. The properties can be accessed for pre inspection during open houses and 2 hours before auction time.

TERMS FOR ALL AUCTIONS:

All auctions require 5% Non-Refundable Deposit. 30 day Settlement. A Buyers Premium will be incurred by winning bidder.

Note: Absolute Auctions do not have a minimum sales price, Reserve Auctions must meet a minimum price to sell. Seller may accept a lower bid than the reserve price the day of the sale.

THINK ABOUT THIS:

A recent article in the Wall Street Journal states, " ... going to the gavel is becoming a popular option for even thriving businesses and wealthy landowners who want to get rid of property quickly. Among those increasingly turning to the auction block are burgeoning retailers who need to sell one store to make way for a new one nearby, consolidating banks with overlapping branches, and owners of valuable parcels looking to avoid taxes during protracted sales negotiations."

Note: Well over $80 billion worth of real estate holdings were sold last year through the Auction Method of Marketing. There is no doubt that this is a method that WORKS!