Seller FAQs

 

What types of accelerated marketing do you offer?

SVN offers Live Sales with Simultaneous Online Bidding, Exclusive Online Bidding, Sealed Bids and Dual Bids. Each event is tailored to the needs of each seller.

 

Does it really matter which company I employ to sell my real estate?

Yes, it does. We believe that you need a company with vast experience that has the ability to creatively promote your property and produce sales.  The SVN Gilmore Team has sold over 15,000 properties in more than 25 states since 1983.  We have represented Banks, Private Sellers, Government Agencies, Corporate Clients, Bankruptcy Trustees, and Estates in events from one property to multi-property sales of 150 or more. Our team has sold homes, land, waterfront condos, shopping centers, office buildings, schools, apartments, industrial and even cemetery plots. You need to go with a proven winner in accelerated sales. That’s SVN Gilmore.

 

What costs are associated with hiring SVN Gilmore?

Generally, zero. That’s right. In most cases the buyer pays the commission in the form of a buyer’s premium and there are no other fees. Should the seller request specific marketing there may be an advertising charge.

 

What can a seller do to assist in the sale of the property?

In today’s real estate market, it sometimes helps to provide a property inspection report and or an appraisal on the property. This removes any uncertainty that the bidders may have about the asset prior to bidding. Please ask one of our staff to discuss this with you during the listing call.

 

Can I set a “minimum” on my property? I don’t want to give it away!

Yes, of course. In 35+ years, we have not “given away” any real estate. We will analyze your asset and consult with you on a minimum or reserve price for your property. This becomes the confidential reserve.

 

Do you guys utilize “social media” in your marketing?

Absolutely. The Internet has changed marketing forever. In addition to the standard media of newspaper and direct mail, we have corporate and personal accounts for Google Adwords, Facebook, Twitter, LinkedIn, Instagram, and Google+.

 

How am I protected if the final bid is below the reserve?

In a reserve sale, you have the ability to reject or counter the final bid. If we cannot make a deal with the winning bidder then we will list the property for a period of time after the event. We are in the sales business and many of our sales are put together after an accelerated sales event. We utilize the “momentum” from the event to make the eventual sale for you.

 

What does the term “absolute” or unreserved auction mean?

The term “absolute” or unreserved means the property will sell to the highest bidder regardless of price. As you can imagine, this method will generate more bidders and usually a higher price than a sale with reserve.

 

Who can benefit from your Accelerated Marketing program?

Realtors: representing properties that may not be selling

Attorneys: representing clients that may need to sell in a defined time frame or under a court order.

Estates: the heirs may not live in the same state as the property or cannot agree on the pricing.

Banks: vacant REO properties can be very costly if not sold quickly.

Developers: wanting to “cash out” and move on to another project.

Trustees: who need a “transparent” sale that is fair to all and produces the highest sales price.

Homeowners: that find their home sitting on the market with no offers.

Government Agencies: USDA, FDIC, SBA, US Marshals Service, Louisiana Land Trust, Jefferson Parish and the City of Kenner have all utilized our services to sell real estate.