@2017 Mei Auctions

Email: inquiry@meiauctions.com                Phone: 210-695-0130

 

At Mei Auctions, we understand the needs of our clients. Our experienced specialists will walk you through the selling process. We will guide you through the experience, we handle every detail and we will oversee the entire process. We will promote your asset to interested buyers, create a sense of urgency in the marketplace and allow you to accomplish your goals with a scheduled auction and sale of your asset in usually 60 days or less. Every single piece of asset will be treated exclusively, to name a few solutions, such as advertise on top-ranked websites, newspaper, national catalogs, only national lists of more than 650,000 qualified investors, and much more.

What is the process looks like? 

  • Client Free Consultation

  • Market Research

  • Comprehensive Asset Evaluation Report

  • Determine the methodology (auction vs. blend model - traditional listing first and then auction)

  • Marketing Plan Development

  • Client Approval of Marketing Plan

  • Marketing Campaign

  • Asset Liquidated at auction or private sale

What kind of assets do we sell?

  • Commercial property with/without its content

  • Premier property

  • Land

  • Condo / Apartments

  • Motels & Hotels

  • Business assets

  • Collectible assets

What are the benefits to the seller?

  • Speed: The sale cycle is compressed and buyers are motivated to act quickly. No longer does a home linger on the market for months. 

  • Date-specific: Plan your sale when it makes the most sense for you. You set a date for the auction, and you gain a market-value return on your investment on that date.

  • True Value: There is no risk of overpricing or underpricing the property. In an ordinary listing you’re forced to pick an asking price based on recent sales and gut feeling. But sell too quickly, and your asset may have been underpriced. If it lingers on the market, it was probably overvalued. 

  • Urgency: Auction heightens buyer interest and attracts attention in a crowded market. Buyers no longer have the luxury of waiting for a price reduction or submitting multiple low offers on a variety of properties. They understand that your property will be sold on the published date and they act accordingly.

  • Saturation Marketing: All assets benefit from a comprehensive advertising campaign. Because the sale date is pre-determined and the marketing period is compressed, a complete marketing plan can be built with daily and weekly activities. Multiple channels can be hit simultaneously and repetitively.

  • Attractive Buyers: Buyers come qualified and prepared to buy. An ordinary contract allows buyers multiple “outs” with little or no recourse. Auction buyers come ready to put down a sizable non-refundable deposit. And they are willing to buy the property without the contingencies that so often lead to failed closings and extended listings.

  • Reduced Carry Costs: Quick disposal reduces long-term carrying costs such as mortgage, taxes, insurance & maintenance. This ultimately saves you money, in addition to the extra value you capture through sale in a competitive auction environment.

  • Certainty: Protracted and unknown time on the market is not a factor. The seller knows exactly when the property will sell and can plan accordingly.

  • Maximum Exposure: “Saturation Marketing” generates the greatest possible exposure for the property. The key to maximizing your return is capturing as many prospective buyers as possible.

  • No Negotiation: The stress of negotiating is eliminated because auction terms are fixed for all bidders. Your buyer has already agreed to purchase the property “as is” and without any contingencies. There’s simply nothing to negotiate.

  • No Contingencies: Contingencies (for inspections, financing, appraisals, etc.) are not allowed. Additionally, the high bidder pays a non-refundable deposit as commitment to complete the closing process as contracted.