Nutt Auction & Realty Company has been engaged in the business of conducting, promoting, and coordinating auctions for more than 2 decades.
There are several reasons why folks choose to do business at auction. One of the biggest reasons is the determined date of sale. Now you can run an ad in the paper for a "going out of business sale", and spend weeks or even month's trying to get rid of everything. Or you can promote an auction and sell everything in one day. Also, people are accustomed to seeing business liquidation ads and don't pay as much attention to those ads as they do auction ads. When people see our auction advertisement, they know there is a real liquidation going on.
Accelerated Sale, Intensified Exposure, Holding Costs, Increased Liquidity, Pre-Qualified Buyers, Focused Showings, No Price Cap, and Point of Decision are some of the main reasons sellers prefer an auction sale over a private sale.
Buyers like to buy at auction because they know the property will sell. They have confidence in the price they pay because they only out bid another person by just a little bit. Buying time is reduced, and in some cases there are better financing options.
Another good reason why people sell at auction is that they know they are getting what the market will bear for the items sold. This is brought about by the fact that the bidders are all assembled together in one place, they see the interest of other buyers, and have to compete against the other interested buyers. And when you sell at auction you dictate the terms of the sale. However, supply and demand come up huge at auctions. If there is not a good demand for the property you want to sell, you may want to try and sell it privately unless you are willing to let it go for less money than you had hoped.
When "time" and "money" are of essential importance, sometimes an auction is the best option for making the sale. We have sold Real Estate, Businesses (with and without inventory), Cows, Tractors, Estates, and a great many other things at auction.
We offer several auction packages we would be happy to discuss them with you. Call Virgil Nutt for a Free Consultation at 731-376-8033 (Middleton, TN) or toll free 800-376-8033 on Tennessee Auctions (TN License #431). Or call Vincent Nutt at 901-336-6888 (Memphis, TN) or toll free 800-973-6540 for Mississippi Auctions (MS License #985).
Send
a message Virgil Nutt about Tennessee AUCTIONS!
Send
a message Vincent Nutt about Mississippi AUCTIONS!
Nutt Auction & Realty Co. (800)(731) 376-8033
TN Auctioneers License #431