4. What’s in it for you? -- Selling Quickly -- No Contingencies --Market Value $
5. TIME Is it important to have your real estate Sold and closed fast? With an agreement today , we could have a Late January 2010 auction, with closing in 30 days or less.
6. J.P. King Auction Company’s Experience Produces Results Complete Sell-outs for Top Dollar!
13. Exposure Newspaper Coverage – Regional and Local Approach : Wall Street Journal--Southeast Miami Herald MH Spanish Edition South Dade News Leader South Florida Biz’ Journal Orlando Sentinel Kissimmee Papers
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17. Exposure Internet Promotion Builders Association(s) Websites snowbirds.org viviun.com jpking.com campaigner.com condo.com newcondosonline.com Google ad words Loopnet-- feature ad Miami and Orlando/Kissimmee area websites Internet Campaign Including , not limited to, the following sites:
18. Exposure Television and Radio TV and Radio may be designed to advertise the auction at on Local / Regional Television and Radio
33. J. P. King Auction Company has been named the exclusive auctioneer for Who’s Who in Luxury Real Estate®, whose member brokers represent more than 100,000 premier agents throughout the United States and abroad. “ As the exclusive auctioneer for Who’s Who, J. P. King has repeatedly demonstrated the value of the auction method and their commitment to the highest level of service.” ~Brian Losh CEO at Who’s Who in Luxury Real Estate®
34. The High Bidder’s Choice Method: The most effective bidding method to maximize price All bidders are forced to compete to win Forces all bidders to compete against each other in each and every round of bidding It significantly stimulates competition and establishes higher prices
35. Broadway Station Myrtle Beach, SC $4.9 Million Registered Bidders 124 Property Tours 208 Bidders from 14 states and Canada registered at the auction
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37. A J. P. King Auction has repeatedly proven to sell large quantities of inventory through a single event Portside Condominium 103 units Lake Park Condominium 210 units Pittsburgh Cooperatives 135 units Stillwater Resort 324 properties Missouri Condo Portfolio 151 units BackBay Condominium 86 units Houston/Dallas Portfolio 129 houses The Wilderness 86 lots Sugar Beach Condominium 100 units GreenCroft Condominium 87 units Greater Minn. Portfolio 80 units Vermont Portfolio 113 properties New Orleans Gala 212 houses
42. The Auction Event “… The most important aspect of the auction for us is the dollar result, which we feel adequately reflects the current real estate market in our area.” Peter G. Florey, Benjamin Development Co., Inc.
43. Financial Arrangement J. P. King’s receives the 10% Buyer’s Premium paid by the buyer. J. P. King funds up to a 2% Buyer Broker commission through our Broker Incentive Program. The Seller is responsible for the funding the exposure, education and closure expenses in the amount of $178,223.00, which represents the Engagement Fee for this auction.
45. Clearwater Cay Club Clearwater, Florida $3.4 Million States responded 24 Property Tours 95
46. Liberty Square & Hometown Village Wisconsin $5.4 Million 100% Sellout! 60 properties sold & closed! 147 registered bidders
47. Rhapsody at Lake Delton & Delton Point $7.8 Million Wisconsin Dells, WI 100% Sellout! 45 units 128 registered bidders from 13 states Over 400 in attendance auction day!
48. North Georgia Showcase Atlanta, GA $8.7 Million Achieved 91% of Broker Price Opinion 100% Sellout! 39 properties were offered
49. The Nettleton Condominiums Memphis, TN $5.5 Million Register Bidders 187 Over 450 property tours! 100% Sellout! 30 properties offered
50. Bank Owned Properties Florida, NC, and AL Gulf Coast $7.7 Million Achieved 102% of the reserve prices! 73 registered bidders 24 Properties sold & closed
51. Summer House in Old Ponte Vedra Ponte Vedra, FL $2.3 Million Register Bidders 95 Property Tours 167
52. The Sage Condominium Austin, Texas $3.7 Million Registered Bidders 79 Website Views 7561 Over 410 property tours!
53. The Enclave at Eagle Harbor Jacksonville, Florida $4.0 Million Registered Bidders 85 Property Tours 187
55. Vista Hills Condominiums Austin, TX Registered Bidders 42 Web Inquiries 3353 “ Your firm did everything you promised, and the units sold at prices which met our expectations.” ~ Scott Plantowsky, Developer
56. The Hamptons at Tampa Palms Tampa, FL $5.9 Million 171 registered bidders from 15 states!
63. FDIC Houston and Corpus Christi, TX $4.1 Million Commercial, Residential, and Land Properties
64. 13 states from New Jersey to California Resolution Trust Corporation “… We must have set a world record for attendance at an auction event.” “… The tight timing, difficult properties, and logistical problems were major obstacles that your team overcame.” – E. Mark Glannon RTC Metro Office, NJ 37 auctions, over 2,000 assets, 13 states $300,000,000 – 91% of Broker Price Opinion
65. 8 States from California to Florida Ocwen $86 Million With over 1900 Properties throughout 8 states
66. New York, New Jersey and Connecticut Berkeley / Ontra “… We are highly pleased with the auction results as well as the response to the many stages of marketing utilized during this auction process.” – Sara A. White Ontra, Inc. over 700 assets, 3 states $50,000,000 – 90% of Broker Price Opinion
67. Farmers & Merchants Gulf Shores, Alabama Over 50 Commercial & Residential properties and 1000 acres Bank Liquidation Sale
Editor's Notes
The exposure stage requires all of the above, which we will discuss in detail
J.P. King has the most effective PR program in the auction industry. Our program turns your sale into a genuine news event, frequently resulting in positive local, regional and even national coverage. Indeed, our sales are often featured in such media as the Wall Street Journal, Forbes.com, and Bloomberg. Public Relations often enables us to gain coverage in locations of a newspaper not available to advertising at any price, such as section fronts, “above the fold” placements and even Page 1.
Hard-hitting newspaper and magazine ads in areas all around the property
We will market your property on our award winning website
We will market your property on our award winning website
Hard-hitting newspaper and magazine ads in areas all around the property
J.P. King has the most effective PR program in the auction industry. Our program turns your sale into a genuine news event, frequently resulting in positive local, regional and even national coverage. Indeed, our sales are often featured in such media as the Wall Street Journal, Forbes.com, and Bloomberg. Public Relations often enables us to gain coverage in locations of a newspaper not available to advertising at any price, such as section fronts, “above the fold” placements and even Page 1.
The education process is important. A well-informed bidder is a stronger bidder. We will talk about how we educate our buyers.
Our project management team will carry out all details of your auction. They coordinate the marketing, including showings, and report regularly to you.
J.P. King prepares a PIP that includes all the information a buyer needs, including a title commitment, the purchase contract, property information and more.
We will show the property during the two weeks prior to the auction.
The closure process is described and includes the elements above.
The successful buyer will pay a 10% earnest money deposit after the auction and sign the Purchase Agreement.
