Multi-Parcel Land Auctions and Puppies

My Favorite Auctions…

I hope that if a person spends five minutes with me they walk away knowing I have a passion for auctions. My favorite auctions  are Multi-Parcel Land Auctions. Multi-Parcel auctions  offer large tracts of land in smaller tracts, typically a farm or ranch. These auctions allow bidders to bid on the smaller tracts individually or any combination of those tracts including the entire offering and everyone competes against each other. Multi-parcel auctions are the most complicated but to me the most exciting because of the hyper-competition they create.

A successful Multi-Parcel typically takes 60-90 days of preparation by our entire auction staff. We literally have the marketing timeline on special software to make certain we hit all the marks to assure success. Then on auction day all of our hard work gets graded by the marketplace. As the auctioneer in a Multi-parcel it is important to know the buyers, their motivations, their desires and their plans. Our bid assistants do most of the work, they make me look good while I feel like the ringmaster under a big top. When the bidding is done and I slam the gavel down on a multi-million dollar real estate auction I know I am doing what God made me to do. These auctions incorporate my love of the land and the free market expressed through auctions and I am like a little kid with a shiny new toy in a sandbox. Land auctions are my drug of choice.

I Hate (selling) Puppies…

A few years ago our family had a female Rottweiler and an opportunistic male Australian Shepard. We looked up one day and the Rottweiler had given birth, not to a litter, but a herd of puppies…14 to be exact!!

puppies and auctionWhat does one do with 14 mutt puppies you ask? Anything they can. Four died within days of birth, which gave some relief. We sold as many as we could, gave as many away as we could and still had two males left. Needless to say we had run out of friends. It was like we were peddling Amway to everyone we came in contact with. Friends stopped going to church for fear we would put a puppy in their truck during Sunday School.

Every good auctioneer has a plan. Luckily at about the 8 week mark we had a large business liquidation auction coming up. We took the two puppies, had the kids carry them around and announced we would sell them at 12 Noon and donate the funds to the local no-kill shelter. Sounds like a great plan, right?

I started auctioning the first pup and things began to fall apart. He was staring me down with, you guessed it, puppy dog eyes. Here I was the only adult human male figure he had ever known and I was selling him off to the highest bidder. I gotta tell you, I felt as low as a snakes belly when I called that pup sold. If memory serves correctly he brought $500 or $600. A very large man with a full white beard was the high bidder and I have no doubt they made a great pair. The second pup brought considerably less, I think $100-$200. When I called it sold I saw the err of my ways. Let’s just say this buyer did not seem as loving as the first buyer. I fear he had big plans for that dog and to this day I still cringe when I think about it.

After the pup auction, I turned to Ashley and said “I’ll never sell another dog at auction as long as I live”. I have since made the exception of selling older puppies at benefit auctions like Ducks Unlimited and NRA. With that one exception, I will buckle up and own too many dogs myself before I sell another puppy at auction.

When people ask what is the oddest thing I have ever sold I struggle to come up with an answer, there have been several. But the hardest lots I ever sold had wagging tails and puppy dog breathe.

~Brent

Alliance Team Comes Through for Erath County Taxpayers

Auctioneers Swap Retired Equipment for Cash. Taxpayers win.

Alliance Auctioneers hosted a heavy equipment and vehicle auction this past Saturday. Erath County Commissioners consigned retired and surplus equipment that was sold to the highest bidder. A few notable items include: a 2000 CAT 345BL Excavator for $49,000, a CAT 953C Track Loader for $39,000, a 2014 CAT 272D Skid Steer for $34,100 and a 1992 HUMVEE brought $16,500. We would like to thank the 311 registered bidders from 12 states and three countries that participated in the auction and Erath County for allowing us to work for them.

The Alliance team builds redundancies and what-ifs into all major components of our auctions. It is never fun to actually have an occasion to engage those plans. While our mobile office trailer generator had recently been serviced and had run like a top Wednesday – Friday it let us know on Saturday morning that it really wanted to stay in bed. Somehow, something had drained the battery overnight. No big deal, a quick boost off with a pick-up and we were off and running – so we thought. The battery was so weak that when certain printers would get ready to print it would kill the generator. Again, no problem we called in a back-up generator and were up and running with full functionality right before auction time.

Once the auction started we realized that our cell service providers signal had gone from four bars all week to one bar and slow if any data service at the location. Once again, we enacted our back-up plan and hard wired into the neighboring business’ internet and relayed the bid information from the computer to the sound truck.

Murphy’s Law…

It seemed everything that could go wrong mechanically did. However, our team functioned with a high degree of professionalism and a “Get it done attitude”. This attitude and teamwork allowed us to achieve much better than average prices for the equipment on hand.

Thanks again for all who participated and thanks to a great Alliance Team effort! On to the next auction…

 

heavy equipment and vehicle auctionThere was some great news. Along with our friends from Lone Star Ag Credit we were able to raise nearly $1,000 for Backpack Buddies. Backpack Buddies sends meals home with school children over the weekend that might not have a meal otherwise. Alliance is proud to support our community and the many deserving charity and benefit events that make our city a great place to live.

Great job!

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!

Auctions Eliminate Holding Costs and Overpricing

overpricing costs youThe 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

Alliance Auctioneers teamWelcome 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 wanted to do three things: 1) provide you with information about upcoming auctions, 2) educate you about the auction process and, 3) show you who we are as auctioneers.

This new site is a success! It provides you a portal to bid on items and learn more about our industry as well us 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 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 the 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.

Biddingly yours,
The Alliance Auction Team