May 10, 2022
Estimated Reading Time: 4 minutes
Table of Contents:
You can sell real estate? Yes, we sell a lot of real estate both traditionally and at auction every year! Residential, commercial or land. In fact, it’s in our name: Mayo Auction & Realty.
These are some common myths and misconceptions people have about selling a property through a real estate auction:
We certainly conduct many estate sales year after year (or estate auctions to be more precise). However, we sell a considerable amount of real estate in both Missouri and Kansas each year since 2001.
While it is true, that for many years we have helped financial institutions sell real estate, most of our business done is representing families and private sellers who understand the value of our marketing reach and market expertise.
The team at Mayo Auction & Realty has over 20 years’ experience in selling homes, land and commercial property in Kansas and Missouri.
We can also help you sell your property in a timely manner for market value.
With a traditional real estate sale, you decide on a list price. In a buyers market, this is effectively a cap on how much you can sell your home for. Then you will go through the process of negotiating with multiple buyers who will be negotiating down from your list price. In a seller's market, you will be accepting multiple offers, which are likely to be full price or above full price depending on what you listed your property for in relationship to the demand and market value. In essence, in a sellers market, you are having an auction which could have limiting results.
With a well marketed and professional real estate auction, multiple buyers will be bidding against each other to achieve the highest price possible and true market value for your home. True competion will ensure that market value is reached without limiting the potential price achieved.
The real estate auction will eliminate negotiations and motivate buyers to compete for your home!
Did you know that Mayo Auction & Realty regularly performs business liquidation auctions? We are a leader in business liquidation auctions in Missouri and Kansas. We have liquidated hundreds of businesses of all sizes and types and can assist you with creating a successful business liquidation plan.
These are some common myths and misconceptions about business liquidation auctions.
Liquidating company assets is often a necessary and beneficial function of a healthy company. At Mayo Auction, we can help turn your unused or under-performing company assets into liquid cash that can be invested into other areas of your business.
Mayo Auction will handle all aspects of a business liquidation auction process, including inventory of assets with detailed descriptions, photos and video, creation and implementation of a targeted auction marketing plan, management of the auction between buyers and sellers, auction payments and processing and management of company asset removal.
Our auction marketing plans target the specific buyers and audience for your business and generates the best possible return on your assets. Contact us today for a confidential evaluation and consultation.
Do you have items you want to sell, but not enough for your own auction? If you want to sell your items, but it’s not enough for a dedicated auction, we have regular online consignment auctions at our two auction center showrooms. Everything from a laptop computer, furniture, tools or appliances to a boat, car or truck, we regularly sell these items and more.
Do you have a collection of antiques, coins, baseball cards, comics, art, jewelry, etc. that you would like to sell? Call and tell us more about your collection. We handle many types of specialty collection sales.
Of course, we also help many families every year with an estate auction. Many families who call us want to know the difference between an estate sale and an estate auction. To learn more about the difference between estate sales and estate auctions, please read our Estate Sales vs. Estate Auctions page.
Having to handle the personal property of a loved one’s estate can be a very trying time. We are experts at estate sales and can help you through the process. We will take care of all the details.
To learn more about our services, check out our other articles:
If you would like to learn more about how an online auction works, visit our Online Auction FAQ Page.