Work with Title Co., FSA, county, etc. - We will assist the seller in working with the title company, FSA office, etc., to fully understand the property.
Address Issues and Questions Prior to Auction or sale of the property - If, during the due diligence period, there are issues and/or questions which need to be addressed, we will work with seller, their attorney or CPA prior to the auction.
Handle Showings, Calls, and Inquiries - Broker will handle all property showings, phone calls, and inquiries from buyers and provide any information requested to all parties. Broker, to the best of his ability, will pre-qualify and screen buyers. In the case of a private treaty transaction, Broker presents and negotiates offers and counteroffers until an agreement is reached.
Report to Seller - Report to the seller including showing activity, customer comments, or anything relevant to the sale.
Contact Lending Institutions - We will contact lending institutions interested in financing the real estate offered for sale. Due to increased competition, lending institutions can be great promoters of properties for sale. In addition, closings go much smoother if the lender is fully informed.
Buyer and Lender Informational Meeting to Promote, Answer Questions, and Build Buyer Confidence - Broker will advertise within the color brochure and all print ads, a buyer informational meeting to promote and answer questions regarding the auction. The informational meeting builds buyer confidence by providing an opportunity for the buyer to ask questions and become comfortable with the auction and bidding format. Cost paid by Broker.
Video Auction For Legal Record - We will video the auction and have the video available to the seller. The video provides the evidence of the auction in the event a buyer or auction participant disputes what was said and/or what terms were stated.
1031 Exchanges - Broker will work to accommodate parties to the auction who may want to complete a 1031 Exchange.
Online Internet Bidding - We will provide online internet bidding for the auction. This allows buyers the opportunity to watch and/or participate in the auction offsite via computer. The bids are entered onto the computer screen as they occur and there is live audio feed of the auctioneer with a 2 - 3 second delay. The online bidder can enter his bid via the computer and this bid is passed onto the on-site ringmen and/or auctioneer. Bidder must be pre-qualified prior to auction and approved before access is granted to participate in the auction. This service provides your property to be broadcast world wide, accommodate buyers if they are unable to attend i.e. weather, business, vacation, and sometimes neighbors do not want the auction attendees to know who is bidding and may bid from their home computer. Internet bidding is available directly via Reck Agri Realty & Auction website whereby the screens being displayed at the auction will be simultaneously displayed in real time on our website.
Conduct Real EstateiAuction, Provide Auctioneer & Ringmen, Administrative & Support Staff - We will conduct the real estate auction, provide auctioneer, ringmen, administrative, and support staff. An office with administrative staff will be established to complete the sales contract, control earnest money, and anything else pertinent to the auction. Cost paid by broker.
� Arrive 3 hours early to set up equipment and room to conduct auction.
� Verify online bidders on auction day to either accept or reject.
Complete Sales Contracts - Broker will complete the sales contract and have them available for immediate signature after the auction along with the receipt of earnest money from the purchaser. In the case of a private treaty transaction, Broker presents and negotiates offers and counteroffers until an agreement is reached and signatures have been obtained.