B2B specializes in farm and land auctions, offering expert strategies to maximize your property’s value. Our services also include detailed real estate evaluations for all property types.
The Science of Land Auctions
B2Bs well-developed auction marketing system attracts serious, qualified buyers to every sale, which will maximize the sale price for your property. Net proceeds from a land auction will often exceed those of a brokered or private sale and are received in a more timely manner.
The experience of our auction team, along with Booker2bid.com, our multi-par auction website which is used as the bidding platform to conduct our land auctions allow us to market properties of any size. Our licensed auctioneers have handled many complex, multi-parcel farm & land sales. Our expertise will work for you every step of the way as we began to unearth your properties potential. Contact B2B today to learn if your property is a good candidate for an auction.
Auction Strategies Increase Returns
A well-conducted auction offers many bottom-line advantages to the seller. All terms and conditions are set by the Seller in advance, which would include the date of the sale and the closing. This saves the Seller time, fees, and frustration. Price is only factor subject to negotiation throughout the entire process and when sale day arrives, that price can only go UP. At a multi-parcel land auction, properties are divided into multiple tracts or parcels, and bidders have the option to bid on individual parcels, a combinations of parcels, or the entire property. This method allows bidders to create their ideal property configurations and increases the potential buyer pool, ultimately driving up the sale price. Sellers benefit from the ability to attract a wider range of buyers, including those interested in smaller portions of the property or those looking to acquire larger, contiguous tracts.
By choosing to market properties through auctions, sellers can take advantage of the competitive bidding process, which often leads to a higher final sale price compared to traditional listing methods. The transparency and efficiency of auctions also mean that properties are sold without the prolonged negotiation periods typical in standard sales. The only place you can get more money for a property than what you list the property for is through competitive bidding, and the auction method of marketing.
Results that Matter
Sale 1:
10/4/23
356 Acres in production
Sold privately
$660,000
Price per acre: $1,854
Sale 2:
11/6/23
932 acres all in CRP
Sold via the auction method of marketing
$2,282,500
Price per acre: $2,449
Sale 2 sold (at auction) for 32% more than Sale 1.
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