The fastest growing segment of the auction industry is in real estate auctions. From 2003 to 2015, residential real estate auctions grew 46.6%; land and agricultural real estate auctions grew 36.3%. We market and sell homes and condominiums, estates, ranches, farms, lots, acreage, and commercial property.
The importance of hiring a professional benefit auctioneer, that can artfully connect emotionally with the audience, will result in a great deal more revenue for your non-profit. The knowledge of how bidders think at fundraising events helps set us apart from other charity auctioneers.
The importance of hiring a professional benefit auctioneer, that can artfully connect emotionally with the audience, will result in a great deal more revenue for your non-profit. The knowledge of how bidders think at fundraising events helps set us apart from other charity auctioneers.
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David Ackel entered the world of auctioning, as a second generation auctioneer, at the age of 15 when his father, Mike Ackel, opened the first auction company in Monroe, LA. David served in the auction company as a ringman and as a back- up auctioneer. Following in his father's footsteps, David went on to become the 1999 Louisiana State Champion Auctioneer.
From 2003 to 2015, residential real estate auctions grew 46.6%; land and agricultural real estate auctions grew 36.3%. You sets the date of sale, which is usually 30 to 60 days from contracting, making it more predictable. You retain control of negotiations. Property stands out. Payments like taxes, insurance, depreciation costs, and maintenance fees are ongoing but they stop once the house sells at auction.
When I visit with a client to discuss selling a piece of real estate at auction, a seller will sometimes say, "I think I should list my property in the MLS with a realtor, and if it doesn't sell that way, then I'll consider an auction." I advise exactly the opposite for several reasons! First of all, once a house is listed in the MLS, it establishes the top price for the property.
Let's begin with Point 1: The seller decides the sale date and terms. Can any real estate agent tell someone exactly when a house is going to sell? No. But with an auction, the seller sets the date of sale, which is usually 30 to 60 days from listing. Next, let's explore how an auction stops the seller's holding costs.
Determine if the Property is suitable for Auction. Analysis would include determining the Client's timeline to sell, amount owed on subject property, completing a title search, and determination of approximate value of the property. Complete and sign a Real Estate Auction Marketing Agreement as well as a Real Estate Listing Agreement between Client and Auction Company.
Reviews (4)
Ted Newman
Oct 30, 2020
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Rob McFall
Sep 21, 2020
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David Ackel and his crew are hands down the best in the business!!! From planning to preparation they work with you to provide the best experience for you and your event. The personalized service that this team provides is over the top. I couldn’t be happier with their professionalism and all out performance. I would recommended them to anyone looking for a great auction team!
Steven Lillian
Aug 17, 2020
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Great auctioneer. From day one to the day of the event. Everything was simple smooth and was always taken care of. Nothing to big or to small these guys couldn't get done. They show up on time, every time and put on a great show. I would recommend them 100x over to anyone looking for a great auctioneer.
Andrei Baru
Aug 04, 2020
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5 stars doesn't do this company justice. They were able to step into a very time sensitive and complex situation and handled everything in stride. The auctioneer worked with the secured party and their counsel through the night to prepare everything and ensure every detail of the auction process was accounted for. The day of, the auction proceeded without any issues and all parties were extremely satisfied. Would definitely recommend to anyone interested in having a smooth and professional experience.
