Hybrid Real Estate Approach
Combining the Auction way of selling properties to the Traditional way to help our clients sell their home at a higher price!
Lets start with Myth Busters
When some people hear the word “auction” in conjunction with “real estate”, they think about negative situations…foreclosure, bankruptcy, a bank that owns a property it doesn’t want, or that the property is in major disrepair or has some other flaw.
While this is sometimes true, let us bust the myth right now that auctions are only for troubled situations.
The reality is that auctions are an effective means of selling non-distressed properties as well!
Rather than listing a home or commercial property for sale and letting it sit on the market for what could be an extended period of time, an auction-by-choice generates a heightened sense of urgency and excitement, because potential buyers know that the sale is going to happen on a specific date and they have to bid high on that day to secure it. A well-conducted and well-promoted auction will reap the true market value of the property, because it drives prices in an upward direction. People bid up to what they see as the value of the property, as opposed to potential buyers reacting to an “asking” price, and then trying to negotiate the price down.
Our Jenkins Real Estate Auctions LLC home selling program lets the home owner set the price and many times we work hard to where the sale price ends up being tens of thousands of dollars higher than what the seller had considered asking for the property through a traditional listing approach. However, not every piece of real estate is a good candidate for a successful auction-by-choice sale. In general, a property that is desirable, with a seller who is truly motivated to sell at market value, creates the best scenario for a successful auction-by-choice.
Our team of professional licensed real estate agents will discuss the traditionally way of selling a property and our auction home selling process with you.
Our Unique Hybrid Real Estate Approach
Since we are licensed Real Estate Brokers as well as Auctioneers, we can bring a unique approach to selling your real estate – in a timely manner that will maximize results.
How many stories have you heard of people listing their property with a real estate agent, only to be in the same place they started six months later?
Through our unique hybrid approach, we can offer your real estate through a traditional listing and a scheduled auction – at the same time! We will set a date for an auction, indicating what your minimum acceptable bid is. We will simultaneously list the property on MLS and on our auction platforms and market it through other means, offering it in the traditional way. By doing this, buyers have an opportunity to purchase the property immediately, under a “buy it now” price that we establish together. However, if a buyer does not present an acceptable offer before the scheduled date of the auction, we will conduct the auction – which puts an end date on the entire process.
No more waiting in six month increments for your property to sell!
Our use of this hybrid approach has resulted in many success stories. In some cases, we sold the property through conventional means. In other cases, we went to auction. Please read our testimonials and our real case studies.
Through this hybrid method, we have brought sellers tens of thousands of extra dollars beyond what they had expected to receive or would have accepted.
The Auction Process where bidder’s bid “Upward” not “Downward” like potential home buyers do in traditional real estate.
Learn about Auctions
The auction process at Jenkins Real Estate Auctions LLC has been fine-tuned to be as effective as possible. Each auction is handled with the utmost professionalism and care. We will make sure you are comfortable with the process and will be open and honest through the process. We understand that the process can be a bit daunting initially. We want you to feel comfortable, so we have added this information as a starting point.
Below, we break down procedures into Real Estate Auctions. We’ll cover the registration process, bidding, payment and removal (if applicable).
Real Estate Auctions
Below is a list of helpful tips to follow when preparing to participate in a real estate auction. If you have additional questions, please feel free to contact us directly.
Watch this Website
The world of auction sales can move very quickly. We recommend that you regularly visit this site regarding a particular listing as information can be added or changed right up to the sale date. This website is the quickest way for us to provide new information. For additional information, please contact us directly. We will be happy to assist you and answer your questions.
Research the Property
The information we provide about a property comes from what we believe to be reliable sources, but we do not guarantee this information’s accuracy. The information may not be all encompassing. We recommend that you visit town or city halls, view the property in person and research a particular property to your satisfaction prior to bidding. Remember, you are buying the property “As-Is”.
Inspect the Property
Take full advantage of any previews or inspection opportunities, whether conducted by Jenkins Real Estate Auctions LLC or by other means. This will allow you to see for yourself what you are bidding on and help you determine your comfort level and maximum bidding price. This will allow you to bid with confidence during what can be a fast-paced auction environment.
Pre-qualify Yourself
Increase your comfort level by knowing your mortgage qualifications. Even before you decide on a property to buy, you should pre-qualify yourself through your bank or lending agency. Most auction closings are required within 20 to 60 days of the sale date. There is no mortgage contingency in a real estate auction. It is best to know that you have financing available for the property before you bid.
Attend an Auction
Check the local newspapers or visit our website to view our list of properties up for auction in your area. Attend and observe one or more auctions and familiarize yourself with the process before you become a bidder. The auction process happens quickly, so knowing what to expect is important, when your time comes to buy.
Plan Your Strategy
Determine your bid limit after examination of the property and all available information. Don’t be afraid to bid early in the auction. Most other bidders will be willing to pay just as much as you.
Register To Bid
On auction day, it is a good idea to arrive at the auction location at least half-an-hour before the advertised time for the auction. By doing so, you will have more time to consult with on-site staff, who are prepared to assist you with your last-minute questions regarding the property and the auction process. Upon completion of registration, you will be qualified to bid. Read and understand the terms of the sale, and other important auction day information. Give yourself ample time to get your bearings so that you are comfortable with both the process and the property.
Bring Required Deposit
If you are the successful high bidder at an auction, you will be required to affirm your bid with a signature and deposit. All deposits must be in earnest money form, i.e. cash, certified check or bank check. Deposit requirements and amounts are clearly listed in the “TERMS” section of the flyers.
Bid Aggressively
The auction process will move quickly. You should bid aggressively until you have won or reached your limit. There can be only one winning bidder for the property. You cannot buy at your price unless you bid your price.
Jenkins Real Estate Auctions LLC works with a team of traditional realtors and have trained them how to use a hybrid home selling program to help sell our clients home at their price, as-is, no contingencies, you set the price and have the total right to accept or reject any bid offer at any time.
Contact us to learn about our new home selling program where we sell our clients property at a 2% fee. Not at the (5 or 6%) fee other agents will want to charge you.
Terry Jenkins – Realtor / Auctioneer
CREA – Certified Real Estate Auctioneer®
Jenkins Real Estate Auctions LLC
Entity No. 202358616912
Formed In CALIFORNIA
Registered: State of California Secretary of State
Surety Bond Auctioneer/Auction Company
Bond Number 387770D
916-588-0067
