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 It is our goal to sell property for all our clients as profitably, conveniently, and as quickly as possible; and to make the transaction as easy and professional as possible for the seller, purchaser, other agents and other participants; and still obtain the optimum sales for our seller. We have found the Auction Marketing Multi-Par Bidding System to be the most effective way to accomplish this task.
With the Multi-Par Bidding System, Round 1 establishes the traditional auction sales price. Round 2 allow a potential buyer to bid on a combination of two or more parcels of real estate. The bids must be increased in increments of $1,000 over the top bid in Round 1. Round 3 allows the prospective buyer with the high bid in Round 1 to increase his bid over the bidder in Round 2, again in increments of $1,000. This process continues in Rounds until the prospective buyers no longer want to increase their bids.
This Multi-Par Bidding System used in our Auction Method of Marketing allows prospective buyers to purchase land in any group they desire such as the entire acreage. This will optimize the interest of large investors who would otherwise not be interested in small tract purchases; however, this in no way eliminates single tract buyers who help create a more competitive bidding atmosphere.
Below you will find an example of a Multi-Par Bidding Board such as would be seen at an actual auction. In the scenario outlined on that board, the traditional auction method (established in Round 1) would have produced a total sales price of $820.000. By using the Multi-Par Bidding System, the final sales price escalates to $884,000 in Round 9, which is the final round. This increases the proceeds due the seller by $64,000 over the traditional auction method.
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