There are few companies such as Chartwell Auctions who combine true real estate knowledge together with specialized real estate auction knowledge. This combination is what essentially leads to a retail price for property as opposed to a liquidated price obtainable by auction companies without a good real estate background. Our job in any case is to focus marketplace attention on the property while
creating a competitive bidding environment to insure a maximum price for each asset offered. Our auctioneers share a combined 200+ years of real estate auction experience. The majority of our clients have been well-capitalized corporations, investment groups, financial institutions, and individuals. While their reasons for auction have varied, their objectives have been consistent: to maximize value on certain real estate holdings while at the same time specifically planning the actual time when those properties will be sold. Below are various situations which have led many sellers to utilize our Accelerated Marketing Program:
• Merger and Acquisition
• Developer Close-out
• Sale-Leaseback Arrangements
• Ability to Reinvest Capital into Other Assets that Might not be Available for an Extended Period
• Estate or Partnership Dissolutions
• Company or Personal Relocation
• Pre- and Post-Foreclosure
• Government Repossession
• 1031 Exchange
• Retirement
• Bankruptcy
• Ability to Sell Multiple Assets at Once
• Unique, Distressed, or Historical Property that is Difficult to Value
• Wish to Project Certain Assets to a National/International Real Estate Market
• Seller Requires a Conspicuous Sale in which Equal Opportunity is Given to All
• Interested Parties
• Need for a Time Definite Disposition
Auction stategies:
1. Auction with reserve, subject to a published reserve price or minimum bid
3. Auction without reserve and no minimum bid
