The Bounds Auction Company will sell your real estate. The auction method is a proven alternative to broker represented or for sale by owner transactions.  Long preferred in rural America, the auction method is rapidly gaining acceptance by more sellers everywhere and has become the preferred marketing method in many specialty markets such as, unique luxury homes, condominium and large parcel transactions in much of the country.

Why? Because the auction method is seller friendly. Unlike the broker-represented transaction, the buyer pays most costs. It’s fast, easy and safe. The seller sets the date & terms of the transaction. No back & forth, offer – counter offer time wasting stretching out months and as real estate is usually offered ‘with reserve’ there is no obligation to sell below your ‘must have’ price. The seller also enjoys peace of mind as the property is offered, ’as is, with all faults’. At auction, the auctioneer always represents the seller's interest and only the seller's interest.

Best of all, you will realize fair market value or above for your property. The competition created by placing a group of buyers, people who want your property, in the same room at the same time will realize the seller the highest price available for that property, in that market, on that day. It will move the market to action. Only the power of the auction marketing method can do that for a seller.  

Accredited Auctioneer Real Estate

Did you know that over 1 million properties were sold at auction in 2006? Residential real estate accounted for $16.9 Billion dollars in 2007 alone! That is amazing when you consider that there are less than 6,000 members of the National Auctioneers Association. Of that 6000, there are less than 350 A.A.R.E. Auctioneers certified and accredited to sell real estate at auction in the USA. They represent the elite. Compare that to 1.25 MILLION Realtors© who sold just shy of 6 million properties in 2006. Simply look at the numbers and ask yourself who gets the job done.     

A few differences between the Realtor and the Auctioneer:

1. All Realtor sales are CONTINGENT upon or subject to any number of items on the 54 pages of the standard NAR purchase contract which allows a buyer to tie up your property for up to 120 days and STILL be able to back out at any time with NO PENALTY.

2. Auctioneer represents the SELLER, only the seller and no one else.

3. Seller will; a. have a record of every interested party who inquired or has inspected the property, b. know the EXACT date of the sale and closing in advance, and c., know exactly how much the process will cost in advance.

4. The Buyer will pay the auctioneer's commission, all closing costs, escrow fees, title and recording fees. 

5. The MLS is only for Realtors and the general public is not given any useful information in these combined ads and MLS listing other than a few small pictures and big picture of the agents face.

6. Auction marketing will offer: internet and or phone bidding, require cash bidder qualification, send an over 300,000 e-mail blast to opt-in investor/subscribers ( nationalauctionlist.com), provide bidders with a complete information package including 3rd party inspection report, LARGE highly visible signage ( as large as allowed by statute) plus dozens of 'bandit' signage, list property with both state wide and national auction calendar services with 'spiders' connecting to hundreds of other auction and real estate related websites, place search engine advertising with their google & Yahoo adword accounts and place LARGE, and highly visible newsprint ads that are UNIQUE to the property offered, all combining to produce thousands of recorded website views.

7. For high value projects, auctioneer will provide professional video property tours, 30 second cable television spots, radio spots and professional public relations consultations to produce news spots and editorials.

8. Auctioneer provides all the information a realtor provides after the sale before the auction, so the buyer can make an informed decision, create their bidding strategy, and protect the seller's interest to the maximum under the law.

9. Auctioneer will deliver the highest offer from a group of bidders with a non-refundable deposit and simple 4 page contract of sale, signed.

10. Property is sold in as is condition with the only contingency being the seller will deliver free and clear title at the pre scheduled closing, usually 30 days post auction.

    Any real estate transaction can be complex and a daunting experience for any seller. Prior to becoming a Pennsylvania & Virginia licensed auctioneer*, Mr. Bounds, a graduate of The Temple University Real Estate Institute, holds a Pa and a New Jersey Real Estate license and has a track record of success in real estate investment and sales of industrial/commercial, multi-family and residential properties. He understands that every seller and their property is unique. In his experience, no other marketing method available to the seller of real estate today can yield a higher return with the minimum investment of a seller’s time and money. Bounds Auctions maintains ongoing relationships with real estate specialists in the fields of marketing, tax accounting and the law to assure every seller the best experience possible. Mr. Bounds hold the National Auctioneers Association professional designation, Accredited Auctioneer of Real Estate. The A.A.R.E.

  * and as such enjoys reciprocity in the states of Alabama, Florida, Georgia, Indiana, Louisiana, North & South Carolina, Ohio, Rhode Island, Tennessee, West Virginia and others.