Sell Your Real Estate Development Project

Developers in today's market are faced with a multiple of challenging issues. During the real estate boom, condominium and multi-housing developments increased tremendously in parallel with the success of the overall market.

Now developers are faced with rising inventory, lower demand, and lender applied pressure; all creating a challenging selling situation for owners needing to liquidate fast. With limited options, developers are seeking alternatives other than traditional sales to quickly sell their unsold inventory.  

The pace of traditional sales methods oftentimes leave development projects languishing on the market for months on end or even years. As the market rapidly changes, so to must the way we sell and market these projects.  Savvy sellers are turning to auctioneers to implement the accelerated marketing approach for an efficient and effective selling tool.  

The auction method of accelerated marketing is an effective and proven option allowing developers to sell their inventory in a much faster time frame.  An aggressive marketing program is tailored toward the developer's  particular project generating maximum exposure of qualified and serious buyers on both a local and global level.  The condensed selling timeline always the developer to eliminate inventory quickly, ultimately, reducing expensive carrying costs and increasing total return on investment. 

The auction sale is often the best option when both time and price are of importance. The auction method can be applied to every unique market and development classification of real estate. The accelerated marketing process, with a condensed selling timeline of 30 to 60 days, establishes a date-specific sale date turning unsold inventory into liquid assets quickly.  

The auction method is a great selling tool for owners who have a realistic expectation of their project value in today's market and need a quick sale. The overall auction process places quality buyers in a competitive bidding war for the right to own or "win" your assets.  The result is a sold property at true market value in a concentrated timeframe.

Development auction distinct competitive advantages:

1. Eliminates the expensive carrying costs associated with lengthy, more conventional sales methods.
2. Focuses the market’s attention on the subject property, immobilizing the sale of competitive inventory available in the marketplace at the same time.
3. Realizes the fair market value for an asset at today's prices.
4. Creates a deadline for buyers, motivating purchasers to act now or lose out on an opportunity.
5. Allows for cash sales with no contingencies.  The seller sets all terms of sale in advance - deals are not lost due to lengthy term negotiations.
6. Attracts the quality buyers who are interested in the asset and are ready, willing, and able to act now.
7. Allows developers or portfolio sellers to execute bulk sales for retail pricing.
8. Creates a deadline for buyers, motivating purchasers to act now or lose out on an opportunity.

Discover how the auction method can quickly liquidate your unsold inventory so you can move forward to ongoing projects.