Welcome to EscapeArtist’s International Real Estate Auction site.
EscapeArtist,
in partnership with Chicago auctioneer Joel Langer, announces the
arrival of our International Real Estate Auction Site. We
have combined Joel’s 30 years of experience in the auction
profession with EscapeArtist’s expertise in the International
Real Estate marketplace.
Click here to contact us about listing your property for auction
Our
Live Global Auction creates exposure and excitement worldwide
in the buying and selling of real estate with an accelerated marketing
program.
Sections
on this page:
Real
Estate Auction
A
real estate auction is an effective method of selling real
estate. It is an accelerated marketing program
that involves the public sale of any property through open,
competitive bidding, for fair market value.
Fair
market value is the price for which property sells for on the open
market between a willing buyer and a willing seller. Our auction
will separate your property from all others by creating worldwide
exposure and excitement and bringing qualified buyers who bid against
each other. You will sell or buy the property on a pre-determined
date.
When you list your real estate through the private sale method,
you are publishing a sales price and competing with thousands
of other properties. This means you can under-price or overprice
the property. By guessing at the value, you will either sell
too cheaply or your property will sit on the market indefinitely,
all while you continue to pay the carry costs; mortgage, taxes,
insurance, and maintenance fees.
Single Residential Auction
Single property owner selling a single residential property. This
auction is ideal for marketing unique, high profile, one of the
kind or high demand properties. These may include: historic homes,
waterfront homes, or having some other highly valued trait that
is not reflect in the assessment of the property. The auction works
well during particularly changing, slow, or active real-estate markets,
as it allows your property to be showcased globally in a different
venue.
Mixed Property Auction
Multiple owners selling single or portfolio mixed used properties.
This may include residential properties, along with commercial and
land offering held at a single event. This type of auction attracts
various investors and buyers while increasing visibility.
Live Public Auction
This is the traditional auction. Bids are shouted as registered
buyers compete for your property. This type of auction generates
excitement, creates the true market value, and the sale is finalized.
People will have a chance to bid live 3 ways - in person, via telephone
and live bidding from their computer anywhere in the world.
Benefits
for the Seller
If
you are thinking of selling your condominium, town home, single-family
residence, luxury home, historic residence, or property, our International
Real Estate Auction will produce maximum results.
The primary benefit to the seller is an accelerated sale. Quick disposal reduces long-term carrying costs, including taxes & maintenance.
- Potential
buyers come pre-qualified and prepared to buy
- Exposes
the property to a large number of pre-qualified prospects
- Creates
competition among buyers
- Potential
buyers are pre-qualified for financing
- The
seller knows exactly when the property will be sold
- Takes
the seller out of the negotiation process
- Ensures
an aggressive marketing program that increases interest and visibility
- An
auction creates excitement, urgency, a reason to buy now!
- With
an auction you bring buyers to closing within 30 days,
without contingencies.
Benefits
for the Buyer
The
benefits to buying a property at an International Real Estate Auction
are many. This is an opportunity to purchase your dream home
or to invest in real estate anywhere in the world. With over
30 years in the auction industry, we recognize and adhere to a strict
code of ethics. Our obligation is to properly inform the buyers,
providing them with a clear and concise understanding of the property
being sold, the terms of the auction, and the auction process itself.
- Fair market value works for both parties, ensuring that the property is neither over nor under-priced.
- Sellers are as motivated to sell as you are to buy.
- As a pre-qualified buyer, you know exactly what you have to spend.
- No last-minute changes or surprises - the sale is binding for both parties.
- All sales terms are posted up front.
Qualified
Buyers
Bidders
must first meet certain criteria in order to register.
- Agree in writing to the terms and conditions set forth.
- Deposit of a down payment in cash or by certified check.
- Successful bidder will sign a non-contingent purchase agreement, agreeing to the sale price and closing within thirty days.
Auction
Types
There are 2 types of Auctions, an Absolute Auction and a Reserve
Auction
- Absolute Auction - Your property absolutely will sell to the highest bidder. There is no minimum or reserve price set.
- Reserve Auction - You set the minimum price that you want for the - the property will not be sold unless the bidder agrees to your price.
Marketing
The
process of marketing a real estate auction is the most crucial
part of any successful advertising campaign. We will devote the
time to research and tailor each marketing plan individually in
order to highlight your property’s unique features. We
will design a marketing campaign which includes a combination
of print, media, and multi-media materials and presentations.
Our marketing campaigns are accompanied by carefully executed promotions.
The most important advertising and marketing will be accomplished
through Internet exposure, both on EscapeArtist and through
search engine keywords.
Joel’s
Credentials
Joel
Langer (visit website) has over 30 years experience in auctions and marketing.
He has helped facilitate the sale of a 1.75 Billion Dollar Auction
for the United States Courts and he auctioned the first
Shelby prototype convertible. He has been active in real estate
auctions. Joel has working closely with court appointed trustees
to assist them in marketing and selling everything from $12 million
in automotive accessories to a shopping center.
In 2005 Joel Langer created The Chicago Debt Exchange, a live
trading auction of Debt Portfolios where millions of dollars are
bought and sold of commercial and consumer portfolios to publicly
traded companies.
Over the past 30 years Joel has helped to raise over $15 Million
dollars for many worthwhile causes.
This past January Joel was selected to be the Live Auctioneer
for the Garth Brooks Charity Gala in Dallas Texas in conjunction
with the National Hockey League All Star Game which raised
over $300,000 for Garth’s favorite charity Teammates for Kids.
In August he will be the Live Auctioneer for Football
Hall of Fame member and Super Bowl Winner Mike Ditka, which
raises money for former players who need assistance and a charity
that helps the mentally challenged.
This year Joel Langer
has created International Real Estate Auctions. The concept is the same
whether it is for a $10 million villa in Italy or a 50 acre horse
ranch in Spain, this is a fresh new approach to bring together buyers
and sellers from around the world. The live auction creates exposure
and excitement in the real estate industry and the opportunity
to buy property anywhere in the world.
If you are interested in selling your property please fill out the form below and we'll respond to you right away. |
