Over the past 60 days, NAI Global’s alliance partner for outcry auctions, Higgenbotham Auctioneers, has sold more than 90 properties at auction in Florida, Georgia, Louisiana, Texas, Delaware and throughout a number of Midwest states. In addition, they have scores of upcoming auctions scheduled before year end in Florida, Michigan, New Jersey, Illinois, Texas, South Carolina, and Georgia. More >
Online Auction Platforms such as AuctionPoint offer Agents and Sellers a Step Up from Traditional Brokerage
During the summer, NAI Global launched a program enabling NAI Agents to conduct their own online branded auctions with the help of a preferred vendor partner, AuctionPoint. More >
No two properties are alike; there are geographic as well as asset attributes, such as age, condition and market availability that come into play. Realizing that a seller’s objective is to achieve optimal asset value, accelerated marketing looks at different sale scenarios and “designs a sale” for the property or includes the asset in a sale of similar assets that have gone through an asset stratification process.
What follows is a straight forward guide to aligning with a partner and getting started with a sale to achieve maximum exposure and the highest possible return for a seller. More >
On March 23, I went from the NAI Global Market Outlook in New York City back to New Jersey to attend an auction in Woodbridge for five multifamily properties in New Jersey and Pennsylvania. I’ve been watching the auction scene very closely as we ramp up for upcoming NAI PowerSales™.
The results were good but they didn’t surprise me. All five properties sold during less than 25 minutes of active bidding, with three going to the same bidder. There were about 60 active bidders in a room with more than 200 people including brokers, reporters and curious spectators. Prices were good with some cap rates actually surprising. More >