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Auctions
Real Estate / Personal Property Liquidation

Appraisals
Real Estate / Personal Property

AUCTIONS
Real Estate
Have you considered the Auction Method of Marketing for the sale of you real estate? Here are some important benefits of the auction process vs. the traditional listing process.

No set price on real estate, unlike the traditional listing having a pre-set price.

Auctions have the opportunity to yield higher than expected values due to bidder competition.

All potential buyers are pre-qualified prior to the auction, which means no contingencies of obtaining financing, unlike most traditional offers to purchase with language that usually reads "contingent on financing", and even putting caps on interest rates. � The seller sets the terms, conditions, date of the sale and the date within which the final closing will happen. This is unlike the traditional listing of the property, waiting for an acceptable offer, and with the buyer stipulating the terms and conditions within the offer to purchase.

When the auction process yields an acceptable offer to purchase, the chances of a buyer failing to consummate the agreement is very rare. In addition to being pre-qualified, the prospective buyer is required to submit a substantial non-refundable deposit (usually 10%) upon acceptance and approval of the bid. Unlike the traditional process, where there is usually a modest earnest money deposit accompanying the offer, coupled with a list of contingencies.

The easiest to remember, and possibly the most important difference is other than at an auction, when would you be able to assemble all prospective buyers at one time, to compete (bid) amongst themselves to purchase the offered real estate?

This all happens in a brief time period, unlike the traditional listing method where you take appointments and show the property to one prospective buyer at a time. If a prospective buyer is interested, they will characteristically make offers starting lower than the listing price until an agreeable price is offered and accepted. This can involve days, even weeks. Once an offer is accepted, sometimes there is some concern by the seller whether they met their objective of getting the highest possible value for their real estate.

Not all real estate situations are meant for the Auction Method of Marketing, however, many situations do, and this method is becoming the method of choice. Let our sales agents/auctioneers evaluate your real estate to assist you to determine which method is best for you.

Personal Property Liquidation
If you�re looking to liquidate personal property, an auction is the ideal and preferred method.

By offering the items to all prospective buyers at the same time, and allowing them to compete (bid) against other will typically yield the highest price for your personal property.

APPRAISALS
Real Estate

At Manitou Realty & Auction we offer real estate appraisals by Indiana Certified Residential Appraisers. Our appraisal staff performs appraisals for most local lending institutions.

Personal Property

With over 29 combined years of performing household and personal property auctions, our auctioneering staff has the experience necessary to conduct personal property appraisals with the utmost consideration to current market values.
Over the years, we have worked with local attorneys and families to meet their needs for personal property valuation