Customized Sales Strategies

There are many real estate firms that advertise they are “full service.” At Young Brothers Real Estate we believe full service means offering a wide range of traditional brokerage services along with the many variations of selling through an auction. Our licensed real estate representatives are highly experienced at discussing all the various options available when selling property and designing a customized sales strategy with your objectives in mind.

Why Auction Property

Where traditional marketing methods of real estate can take many months to a year or more for a sale, auctions dramatically accelerate the sales cycle and create urgency for buyers who wish to purchase your property. Auctions conducted by Young Brothers Real Estate are exciting events with many seller benefits including:

1. No buyer contingencies
2. No repairs
3. No commissions
4. Sold in 30 days or less
5. Seller establishes closing date and terms
6. Eliminates high carrying costs
7. Multiple offers
8. Many qualified buyers
9. Broker participation
10. True market value selling price

Through this accelerated process, Young Brothers Real Estate’s Auction Division attracts motivated and pre-qualified buyers to your property.  Our auctions are not “distressed sales”, they are simply a way to sell your property for true market value on the day of the auction.

Auction Location

Most of our auctions are held on the property. This adds to the excitement and allows bidders one last opportunity to preview the property before the bidding begins.

Seller Disclosure and Repairs

All Young Brothers Real Estate auction properties are sold “as-is” and “non-contingent.” This means that although sellers will be required to disclose all known defects to potential buyers, sellers will not be required to make any repairs to the property.

Marketing Materials and Promotion

Young Brothers Real Estate marketing and promotion is widely recognized in the real estate industry as state-of-the-art and advertising firm quality. From our award-winning website LiveFlorida.com, to our dynamic brochures, targeted postcards, DVD presentations and professional photography, Young Brothers Real Estate offers only the best.

With over 40 years of combined marketing experience, our firm has the experience to create customized marketing to get your property sold. These tailor-made marketing plans are designed to leverage the most effective combination of advertising, public relations and telemarketing. Our extensive database of qualified buyers and Realtors throughout the country will be exposed to your property for the sole purpose of maximizing the selling price at auction or to facilitate negotiations through traditional brokerage. 

Seller Costs

One of the advantages of auctioning a property with Young Brothers Real Estate is that there are very low seller costs. Our typical seller fee is 2% to 3% of the estimated selling price depending on the property. This is the only auction charge to the seller and the buyer pays most other closing costs. For this nominal fee, our firm will extensively market the property, conduct the auction, and pay any Realtor commissions.

Terms of Sale

One of the most compelling reasons sellers choose to auction their property is because they know the terms of sale prior to the offering. Terms may vary to accommodate Seller’s needs, but typical terms are:

1. Our auctions require the winning bidder to place 10% of the purchase price in our escrow account with Bartlett & Deal Title Services at the conclusion of the sale. This deposit may be paid with a certified, personal or business check. Financing must be arranged prior to the auction date. All of our auction properties are sold with no contingencies (financing or otherwise).
2. Properties are sold “As-Is, Where-Is.” This means that winning bidder is purchasing your property without any contingencies including repairs.
3. Close date within 30 days of the auction.

A Bidder Information Package (BIP) is available to buyers in advance of auction day. The BIP is designed to give buyers all the information they need to feel confident enough to purchase on the date of the auction. Our typical BIP will have a Purchase and Sale Agreement, Seller’s Real Property Disclosure Statement, property brochure, title insurance commitment, appraisal report, home inspection, survey, community documents and area information. Buyers are given an opportunity to inspect the property and review this information prior to the auction so they are ready to bid on auction day.

Qualified Bidders

The key to a successful real estate transaction is working with only qualified buyers that are educated about your property. Young Brothers Real Estate requires all bidders to agree to our strict terms of sale to ensure that your home closes on time.  All bidders will need to present a cashiers check or certified funds, usually in the amount of $25,000, prior to the start of an auction. These funds are non-refundable to the winning bidder and will be applied toward the required 10% of the sales price payable with certified funds or wire by the next business day after the auction. These financial requirements, along with no contingencies, give our seller’s confidence that when the gavel drops, their home is sold.

After the Gavel Drops

After the gavel drops the winning bidder immediately signs the Purchase and Sale Agreement and the initial deposit is placed in escrow. Our auction closings are conducted by local real estate attorneys, Bartlett & Deal in Ponte Vedra Beach, Florida. Their experience and knowledge helps ensure that both the buyers and sellers expectations are met and properties close on the designated date and time.

Auction Types

• Minimum Bid Auction - An auction where the Auctioneer will only accept bids at or above a price determined by the Seller. This Minimum Bid amount is published in the promotional material and is announced at the beginning of the auction.
• Reserve Auction - In a Reserve Auction the Seller does not guarantee that the property will be sold and reserves the right to accept or reject the highest bid within a specific time period. With this type of auction a “suggested opening bid” could either be published or not since the Seller has no obligation to sell and must approve and agree to the final price.
• Absolute Auction - This type of auction is also known as No Reserve and is the most effective type of auction. During an Absolute Auction the property will be sold on auction day regardless of price. Absolute Auctions generate the most bidders and buyer excitement since a sale is guaranteed.