Proud to be a part of a unique profession.
Today Ashley & I did something we might not have ever had the opportunity to do before. We spent all day at an auction that neither of us were working! As the Choices Life Resource Center building gets closer to completion it seemed a good idea to think about purchasing the office desks, chairs, file cabinets and such for the new digs. Ashley started the process weeks ago. She discussed this upcoming auction with the Choices board of directors. After receiving a retail quote of over $20,000 the fine supporters of this ministry can rest assured that their gifts are managed well. This new center will be outfitted with very nice, quality, used furniture that looks new but cost less than half of retail. Auctioneers are the original recyclers, the original environmentalists.
Ashley & I arrived at 9:45AM and stayed until 5:15PM. Over 1,000 lots were sold and put back to use. Kudos to James Lagesse of Lagesse Auctions, LLC for keeping the auction moving and doing a top notch, professional job. If you ever find yourself in the market for quality office furniture, reach out to James at www.LagesseAuctions.com in Fort Worth. James and his staff have an auction every three weeks. I am proud to say that Alliance Auctioneers home office has top end furniture that was acquired from Lagesse Auctions. Great job James and crew!
The market always has the right answer; you just need to know how to ask the right question. Auction?
This past April a friend contacted me about selling his 100-acre horse ranch. He and his wife were going through a divorce and the court was appointing a receiver to sell the property. The auction method was a perfect solution – achieving market value and reducing holding costs and time. Time was important because each party was responsible for this property as well as their own, separate household. Reducing the marketing time would increase their net from the property and complete the divorce proceedings.
As we do with all real estate auction properties we conducted a thorough price expectation evaluation. After completing our evaluation, we set an auction expectation of $700,000 to $800,000. The estimated expectation did not set well with either party as they wanted over $1,000,000. The couple’s expectation of price was one of the few areas of agreement. Enter the traditional broker with a suggested list price of well over $1,000,000. Husband and wife, eager for the highest return agree that the broker should list the property and thus the broker was appointed the receiver and ordered to sell the property.
Several price decreases and 10 months later the property closed! Sales price? A whopping 54% of the original list price! Originally listed for $1.2 million the property closed for $650,000, much to the disappointment of both husband and wife. I wonder how the parties would have taken it last May if the broker said “I’m going to list it for $1.2 Million but I’m going to actually sell it for $650,000.” I reckon the auction method would have been a much more acceptable option.
Overpricing is bad for the real estate professional.
The practice of overpricing by this broker to get the listing cost this couple an easy $100,000 in additional and unnecessary holding costs and sale expenses. Auctions are truth serums. As experienced real estate auctioneers, we know that our papers will be graded by the market within 60 days of discussing price expectations with the sellers. Our rigorous method of evaluating price is time tested and proven. However, it is not always welcomed news for sellers to hear.
The professional real estate industry will continue to suffer until we, as an industry, deter the practice of overpricing. What if sellers told listing agents “If my property sells for 85% or less of your suggested price I don’t pay you any commission”? I suspect we would stop pulling list prices out of the clouds and get a bit closer to market value.
We at Alliance Auctioneers will give you an honest assessment of your property – every time. We will get up every day and keep working to change the perception of the oldest, most proven marketing method on earth. Auctions work!
Welcome to the new and improved Alliance Auctioneers website.
Our team has known for some time that we needed to revamp our site. As with anything in business, it just takes time and money. When we decided to move forward, we wanted to do three things:
- Provide you with information about upcoming auctions
- Educate you about the auction process
- Show you who we are as auctioneers
This new site is a success! It provides you a portal to
- bid on items
- learn more about our industry
- learn about who we are as professional auctioneers
Today’s public is not as versed in auction knowledge as previous generations. Much of that gap comes from more people growing up in urban areas versus farm or rural areas. Farm and rural areas have historically had more auction activity where young people were exposed to live auctions. To help you become comfortable with the auction process, we want this page to be an educational resource into the exciting world of buying and selling by auction utilizing professional auctioneers.
Alliance Auctioneers never wants the fear of the unknown to prevent someone from attending any live auction event. Therefore, we are dedicating a large portion of this website to educating you. As time goes on, you will see short educational videos, pictures, and blog stories of auction successes and failures from around the auction globe, as well as, other auction and auctioneer educational content.
No Experience needed…
If you are new to auctions, we invite you to learn from our website and visit us at upcoming auctions. Upon arriving at any of our auctions, simply inform any uniformed team member that this is your first auction. You will be introduced and paired with one of our bid assistants that will walk you through the process. Our bid assistants will hold your hand during your first few bids until you are ready to fly solo.
We hope you enjoy our new website and we look forward to seeing you at an upcoming auction very soon.
The Alliance Auctioneers Team