3. What’s in it for my Client? -- Selling Quickly -- No Contingencies --Market Value $
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5. What’s in it for me? --Easy way to help the Seller get sold and earn commissions --paid FIRST at Closing --Able to still represent buyers
6. TIME 55-75 days( depending on ___) With client agreements by February 1, 2010, we will have a early March auction, with closing in 30 days or less.
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9. Hybrid Auction condusive to the implementation of: 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
11. Habersham Mills Habersham County, Georgia $6.7 Million “ It was a remarkable turnout, and we’re very happy with the results.” – Nancy Young, Russell Corporation 25.48 acre manufacturing facility including office buildings and warehouse. Additional 1200 acres of adjoining land. Registered Bidders 231 Inquiry Calls 920
12. Watersedge at Harbortown 94 Property Tours representing buyers from 8 states 208 call-ins from 21 states 68 Registered Bidders from 7 states
13. Grande River Vineyards Grand Junction, Colorado $ 2.8 Million Registered Bidders 21 Web Inquiries 3700
14. Hwy 101 Opportunity Alamosa, California $1.5 Million 8 unit hotel/motel on 5± acres Property Tours 53 Inquiry Calls 152
15. Kentucky Lake Motor Speedway $1.6 Million Inquiry Calls 77 Website Visits 1773
16. Mountain Brook Orchards St Thomas, Pennsylvania $2.4 Million Registered Bidders 31 Inquiry Calls 201
17. Palm Aire Spa Resort Pompano Beach, Florida $10.9 Million World renowned Resort with an executive 27 hole Golf Course
18. Kiawah Island Ocean Course Kiawah Island, South Carolina $27 Million Home of the 1991 Ryder Cup Appraised for $21 million … Sold and closed by J.P. King for 129% of appraisal value!
19. South Loop West Houston, Texas $1.6 Million “ The professionalism with which the auction was handled and the caliber of people who were involved truly reflected the expertise of your firm.” - Dennis Lutz, Vice President, Source One Mortgage Co.
23. Pomona Freeway Opportunity Los Angeles, California $2.7 Million “ We were very happy with the outcome. I was especially pleased with the operations of J.P. King - not only in managing the auction but in promoting the property.” – Syndey Barton South El Monte Associates LP Registered Bidders 14 Inquiry Calls 176
24. Wachovia Bank Corporate Asset Division Bank branches from SouthTrust merger Over $40,000,000
25. Gulf County Land Opportunity Gulf County, Florida $5.5 million Registered Bidders 26 States Responding 12
26. El Paso Warehouse Anthony, Texas $2.5 Million States Responding 16 Registered Bidders 9
27. Vermont National Bank Vermont and New Hampshire $5.9 Million 80 Commercial, Investor & Residential Properties 590 Registered Bidders from 11 states, Canada and Switzerland
28. Sportsman Golf Resort Perdido, Florida $2.4 Million Property Information 126 Web Site Visits 2,516
29. Alabama, North Carolina, Georgia and Florida Russell Corporation “ It was a remarkable turnout, and we’re very happy with the results ” – Nancy Young, Russell Corporation “ The property was sensitive to the adjacent land owners that did not want to see the property developed or environmentally impacted.” “ The end result was a successful auction, and all sales closed within 30 days with no strings attached.” – Paul Porter, Russell Corporation $6,800,000 $3,000,000
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31. Farmers & Merchants Gulf Shores, Alabama Over 50 Commercial & Residential properties and 1000 acres Bank Liquidation Sale
32. Dadeville, Alabama StillWaters Development $15.6 Million Sold for $3 million over asking price Visits to Web Page 11,108 Registered Bidders 280
33. Florida Fleet Finance $5.7 Million Over 100 Commercial and Residential properties throughout Florida
34. First Union Bank Georgia Over 40 Commercial & Residential Properties $4.2 Million
38. Ocala, Florida Silverleaf Farm $5 Million “ Your expertise in advertising & production of a magnificent brochure certainly helped to generate interest surrounding our auction,” - David W. Hutson, seller Registered Bidders 22 Inquiries 316
39. AlDabbagh Ranch Murrieta, CA $7.7 Million “ J. P. King’s long track record was a major factor in my decision, which turned out to be the right one. I am very pleased to recommend J. P. King to other sellers.” ~ Sam AlDabbagh, Seller Registered Bidders 9 Property Tours 38
50. Exposure Internet Promotion realestatejournal.com – tile ad Loopnet –featured ad washingtonpost.com viviun.com jpking.com Etc, Etc, Etc………………………. Internet Campaign Including Following Sites
51. On Line Bidding Bidders may participate in the auction remotely from anywhere in the world Engages area visitors unable to attend Bidders compete live – real time Attracts distant bidders not-inclined to attend
65. 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®
The exposure stage requires all of the above, which we will discuss in detail
The exposure stage requires all of the above, which we will discuss in detail
The exposure stage requires all of the above, which we will discuss in detail
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
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.
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.
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.
