Real Estate Auctions:
Nate Minkel and Troop Home Auctions specializes in marketing, negotiating and selling luxury real estate via the auction method throughout Ojai Valley, Ventura County and Santa Barbara County. Our company stands out in this highly specialized industry due to our proven success coupled with our state of the art and proprietary methods of obtaining a succesful sale, which is why we are considered the leading auction authority in luxury real estate throughout the tri-counties.

Our focus is to serve our clients one auction at a time, which is why we are highly selective about the properties we choose to represent. By offering only the finest luxury properties at auction we can create a more concentrated marketing effort to maximize interest and expedite the selling cycle, allowing for both buyers and sellers to take part in a swift and seamless real estate auction transaction.

What is a Real Estate Auction?
A real estate auction is an innovative and effective method of selling real estate.  It is an intense, accelerated real estate marketing process that involves the public sale of real estate -- including those that are non distressed -- through competitive bidding. Nate Minkel specializes in marketing, negotiating and selling Fine Homes, Luxury Estates, Ocean Front Properties, Ranches, Vacant Land, Builder Developments, Builder Closeout Sales and Trophy Properties throughout Ojai Valley, Ventura County and Santa Barbara County. 

How Will The Auction Benefit Me?
The real estate auction is a win-win proposition for everyone involved. When you have motivated sellers wanting to sell quickly and motivated buyers wanted to buy at fair market value or below, auctions are the best way to achieve these results making it a win/win for all parties involved.

Benefits to The Seller:

Benefits to The Buyer:

Process for Buying at Auction:
Getting Ready The 30 days leading up to the auction is the time for you to get questions answered, attend auction previews of the homes you are interested in, and determine what you can afford to spend. The actual auction is simply the time to offer the price you are willing to pay for those properties.

Auctions Go Fast!
The auction it self moves fast. First-time attendees are usually surprised to learn that the sale they are attending is over within a few minutes. In many cases, if the auction is for a single home with nothing else to be sold, the entire process lasts less than 15 minutes. So, don't be late!

Registration for Buyers:
Prior to auction day, all prospective buyers (and their real estate agent if applicable) must pre-register for the auction and meet minimum criteria in order to be approved to actively bid at the auction. This may include pre-approval for financing with our preferred lender CFC Mortgage if a portion of the purchase price is to be financed. On auction day, prospective, approved buyers will receive a bidder number when they check in by showing a valid driver's license and a certified cashier's check for a predetermined amount that will equal 1-3% of the expected purchase price. Pre-registration (and the pre-qualification process) begins as soon as the property is announced as available for auction.

Check-in at the auction on auction day usually begins from 30 minutes to two hours before the scheduled auction time. There is no fee to register at the auction and high bidders may use certified, cashiers or personal checks for down payment. It is critical that you refer to the specific terms and conditions for the auction that is of interest to you to ensure that you understand the process and your responsibilities as a bidder or successful buyer. You can also get all last minute questions answered and tour the home one final time if you wish.

Registration for Real Estate Agents, Brokers or Other Third Parties Representing Buyers:
Real estate agents, brokers and other legally empowered buyer representatives are required to pre-register and pre-qualify their buyers in accordance with the terms and conditions of each auction. This will include completion of a registration form, all normal buyer pre-qualification processes and being present at the auction on auction day. Contact Nate Minkel 805.794.9588 or Troop Home Auctions 800.501.SOLD (7653) for the appropriate forms and more information.

Before the Bidding Begins:
The auction begins promptly at the appointed time with opening remarks summarizing, for the record, the terms of sale, the methods of bidding and any last minute changes or disclosures. These comments usually take only a few minutes, concluding with the auctioneer answering any final uestions. Then the bidding is ready to begin!

The Auction Team:
Assisting the auctioneer will be ring staff, to make sure anyone trying to bid is recognized and that all bids are recorded with the auctioneer. Ring staff may also assist with questions during the auction, including asking the auctioneer to pause if necessary. It is a myth that bids can be made accidentally ... by scratching one's nose and the like. If you did not intend to bid, simply inform one of the ring staff or the auctioneer and the mistake will be corrected. Any tie bids or other issues regarding who has the high bid are always resolved by the auctioneer, who has complete and final authority.

"SOLD!"
From the first bid, things move quickly, with bidders offering their bids up to the price they are willing to pay for the property. The auctioneer can and will say "sold" as soon as he or she determines that the final bid has been made. It is not necessary, nor customary, for the auctioneer to slowly announce, "Going once, going twice, etc." He or she simply decides the bidding has stopped and announces, "sold." If the auction is for a single property such as a home, this concludes the auction and the purchaser simply executes the contract of sale and makes the required payment.

Luxury Homes are Selling at Auctions!
SELLING LUXURY REAL ESTATE AT AUCTION - Appreciation among luxury homes has slowed in many parts of the country and the number of available buyers has diminished. These conditions are leaving many luxury homes unsold.  And the cost of holding these properties can reach into the tens of thousands.

In the past year alone, the numbers of traditional listings have risen over 60% nationally and have exploded beyond 100% in markets like California, Arizona, Neveda, Colorado and Florida.
In this market distinguishing your luxury real estate offering from the competition is now more important than ever. 

Using the neighborhood real estate agent and a local MLS full of available competing properties is only creating a buyers market, driving prices down and requiring sellers to meet costly buyer conditions and contingencies. Sellers of luxury properties are looking for a better way. 

This is why many have turned to the auction method of marketing. In fact auctions have become the preferred method for selling unique properties and luxury homes, and why not? A properly conducted auction creates a unique selling position, separating your offer from all other competing properties.

A properly conducted real estate auction provides many other advantages to a seller. Only at auction does the seller pick the day the property is sold. Auctions also return control over the terms and conditions back to the seller; leaving no buyer contingencies to worry about, such as inspections, or financing.

Why wait around for one offer at a time and negotiate with a single buyer who demands thousands in seller concessions? A real estate auction brings together multiple buyers who compete for your property bidding the selling price upwards. At auction the buyer pays taxes, title, closing costs, and commissions saving the seller thousands in expenses.

How does the auctioneer accomplish this? Top real estate auction companies offer startegic marketing solutions that are turn key.
A comprehensive marketing package includes signage, video presentations, television ads, web listings, on-line bidding, email campaigns, faxes, and brochures to neighbors and REALTORS®.  

Because most buyers for homes in the 1.5 million and up range come from over 500 miles away, professional auctioneers will create intense regional, national, and sometimes international marketing campaigns, designed to generate the maximum interest culminating in a successful sale on auction day with no buyer contingencies.

Step 1 - Call or Email Nate Today!
Call Nate Minkel 805.794.9588 or email Nate@805LuxuryHomes.com for more information. Nate is the Director & Co-Owner of the auction division and is #1 Marketing & Selling Agent for Troop Real Estate & Troop Home Auctions. Nate will assist you in preparing the most aggressive marketing plan to help you achieve the absolute highest market value/price come auction day. Nate will listen to your concerns and goals and analyze the strengths of your property so that Troop Home Auctions can bring it to the forefront of the marketplace.

Step 2 - Evaluation:
Next, our Marketing Team will evaluate all potential forms of media and develop a strategy for reaching your target audience in the most effective and cost-efficient manner possible. Taking advantage of the strengths of your property, the marketing plan will be tailored for your specific property to generate the greatest amount of interest possible.

Step 3 - Development:
Our Graphic Design Team then develops professional, attention grabbing brochures and ads. Our award-winning photography and graphic design are second to none, providing your luxury property an exclusive presentation that can make a stand above all the rest. Client Relations will also develop a specifically targeted mailing list from our extensive databases for direct mail. Our databases have been carefully culled to the pre-qualifying criteria established by the Marketing Team.