Our Findings: There is an increased interest in live auctions. Live auctions offer an option for bidders to also bid online, providing Sellers the best of both worlds – live and online bidding. Bidders from outside a region may participate in live auctions via online bidding, however overall participation is maximized when interested bidders are offered the opportunity to attend a live auction. Right now, auction inquiries from banks, investment companies and individual property owners are on the rise.

Planned Live Auctions: To accommodate motivated Sellers, NAI Global and its partner, Higgenbotham Auctioneers, www.higgenbotham.com, will host national live auction sales throughout 2012, with the first scheduled for April 2012. April sales enable Sellers to realize closings within Q2 2012! Commercial and residential properties are suitable for inclusion in the upcoming auctions. Mobile sales forces will cover the entire United States. Sales will be held onsite or at local hotel ballrooms (based upon the number of properties within a specific geographic area.)

Property Submission Deadlines:                      Live Auctions:
January 27, 2012                                                   April 2012
March 26, 2012                                                     June 2012
June 25, 2012                                                        September 2012
August 27, 2012                                                    November 2012

Marketing Fund: Sellers make an upfront investment in the marketing budget for advertising and promotion. The marketing investment is typically 1-2% of the properties’ value.

Commissions: No commission is paid directly by the Seller. A 10% Buyer’s Premium is paid by the buyer at closing.

Seller Participation/Questions: Contact Patricia Faulkner @ +1 732 238 3322, or pfaulkner@naiglobal.com.