IF YOU ARE INTERESTED
IN OR NEED REAL OR PERSONAL PROPERTY AUCTION SERVICES.
Please Take A
Moment And Review The Following Information.
The Purpose of this correspondence
is to introduce our company's complete AUCTION, APPRAISAL, REAL
ESTATE AND MANAGEMENT services to you. Our Method Of Marketing
and Selling techniques have historically been the fastest and
most effective way to generate the "REAL VALUE" for
real and personal property.
Furthermore, the SELLER IS NOT
REQUIRED TO PAY A COMMISSION OR SERVICE FEE ON REAL ESTATE TRANSACTIONS.
The BUYER pays the commission in the form of a buyer's premium,
which is an add-on to the final bid price at the auction.
Generally the seller(s) is/are
obligated to pay the marketing and auction expenses in advance.
This will be determined by mutual agreement and may vary extensively,
depending upon the following: Value of property(s), location
of property(s), location of auction (on-site or at a central
location), style of brochure (black and white, recommended in
most cases and is more cost effective, or full color), aerial
photographs, if necessary, extent of "property specific
information packages", types of printed advertising, local,
state and/or national, if necessary, TV, Internet, radio, video
service, slide presentation, extent of direct mail (first class),
payroll for showings, site preparation, and auction day, tent(s)
and chairs and comfort station rental, if necessary.
Depending upon the type of auction,
six (6) weeks is comfortable for us from the time we have the
listing agreement and all pertinent information which is available
regarding the subject property(s).
Collar City Auctions Realty &
Management, Inc., offers a highly trained staff of licensed
and bonded professionals, as well as appraisers. We conduct
Single and Multi-Parcel Real Estate Auctions, Estates, Business
Liquidations, Automobile, Bankruptcies, Foreclosures, Fine Art,
Antique and Fund-Raiser Auctions Nationwide. We also have a
full service construction equipment and machinery division that
offers complete auction and liquidation services. Our company
will also purchase partial or complete estates or businesses.
We Work With Attorneys, Government
Agencies, at all levels, Municipalities, United States Marshal
Service, Federal Deposit Insurance Corporation, The United States
Federal Banruptcy Court, The National Rifle Association, Ducks
Unlimited, Financial Institutions, Insurance Companies, Private
Clients and Major Corporations On A Regular Basis.
Our Company recommends the following
three types of auctions, for real estate, each of which should
be considered.
1. "SUBJECT TO CONFIRMATION":
After the bidding takes place, the seller decides whether to
accept or reject the high bid. The seller maintains total control.
(MOST COMMONLY RECOMMENDED);
2. "ABSOLUTE": The
property is offered to the highest bidder regardless of price.
There are "NO MINIMUMS", "NO RESERVES",
and "NO BUY BACKS" (SHOULD BE CONSIDERED FOR NO LONGER
NEEDED OR USED PROPERTY(S), AND IN MANY CASES WILL GENERATE
MORE INTEREST AND A HIGHER DOLLAR RETURN);
3. "ABSOLUTE WITH AN ADVERTISED
MINIMUM OPENING BID": The same terms as above, provided
the advertised minimum is met. (RECOMMENDED ONLY IN CASES WHERE
THE PROPERTY(S) MINIMUM CAN BE ADVERTISED CONSIDERABLY LOWER
THAN THE REAL MARKET VALUE).
There are many advantages to
the auction method. For example, the seller will know what day
and time your real or personal property will sell, and the seller
pays "NO COMMISSION" or "SERVICE FEE" on
real estate transactions. Furthermore, a well advertised auction
will generate the "REAL VALUE" of your real and/or
personal property, produce a "NON-CONTINGENT" purchase
and sale agreement and all "CLOSINGS SHALL TAKE PLACE WITHIN
30-45 DAYS POST AUCTION". The auction eliminates the negative
haggling and produces a competitive crowd of qualified prospective
buyers, which will increase the bottom line dollar of revenue
generated.
We have had the opportunity to
work with several municipalities, such as Sullivan County, NY
selling 756 of the 980 properties offered at the auction, The
City of Amsterdam, NY, selling 43 of the 60 foreclosed properties,
including the former "Coleco" Company Toy Manufacturing
facilities, The Town of Rotterdam, NY, whose land auction we
conducted selling 22 of the 24 properties offered at the auction,
generating $200,000.00+ for the town in one evening. We also
conduct The City of Troy, NY, Tax Foreclosure Auctions on an
annual basis, and The County and City of Schenectady, NY, Plus
100's of others.
If you would like more information
on our auction and real estate services, please continue viewing
our website or feel free to email us at any time for specific
information.
Sincerely,
Collar City Auctions Realty & Management, Inc.
RANDY PASSONNO,
Licensed & Bonded
Auctioneer/Realtor/Appraiser/
Consultant/President
REFERENCES:
A detailed
list of references shall be supplied upon request.
