Sell Your Real Estate at Auction
Selling at auction benefits all types of property including residential, land, farms, investment or commercial. Planning an auction as a seller can be as simple as choosing the auction date, determining the day of the open house and strategizing on how you want it to be sold and marketed by the Harritt Group. Buyers compete to bid their highest and best offer and the property is sold “as is where is” with no contingencies for cash. Whether you choose to sell your property on the grounds, in a meeting room facility or live online, you have the option to sell absolute without a reserve or subject to seller’s confirmation, otherwise knows as a reserve auction with or without a published reserve. The entire process could be completed in less than 60 days, leaving you worry free.
When an auction is published absolute, the seller is choosing to sell the property regardless of price with no minimum and no reserve. It allows the buyer to bid with ease and confidence in knowing the property will sell that day to the highest bidder. The benefit of this method attracts a greater number of serious buyers and encourages them to bid their maximum. This method creates an ideal selling environment for achieving fair market value.
In Indiana and Kentucky, all auctions are presumed to be a reserve auction unless they are stated absolute. Reserve auctions allow the seller the right to accept or reject the high bid. There is no obligation to sell, however, a seller can lift the reserve at any time in the bidding process and authorize the auctioneer to declare the property absolute. If this happens, the property will sell to the highest bidder.
An alternate method to a reserve or absolute auction is a published reserve where the seller establishes an aggressive below market opening bid to attract and generate interest to the auction. Once the published reserve or minimum is reached, the auction then becomes absolute and will sell to the highest bidder. This method allows a seller to be aggressive and still retain control of their auction while minimizing their risk.
Sell Your Personal Property at Auction
Whether you need to liquidate your business or settle an estate of a loved one, the Harritt Group has the staff and experience to accommodate your sale from setup to finish. This begins with the initial visit to evaluate your property. Our job is to maximize the value of your goods and the key to selling any item is product knowledge. So remember, do not throw anything away. We are experienced with proven results in turning that paper stored in the attic to thousands of dollars. From this point we plan our marketing strategy of where to advertise and market your items and then we are off to photograph and identify. We can conduct your auction on site at your location with tents, or we can move the items to the Harritt Grandview Auction House or to another rented venue.
The Harritt Group is one of the area’s leading auction houses for fine collectibles, antiques, art and estate goods. We have the ability to accept consignments for single items, major collections or entire households. We are centrally located on Southern Indiana’s Scenic Byway, just minutes from I-64 and 10 miles from a major metropolitan area, Louisville, Kentucky.