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Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 Bright MLS, Inc. (/info/mls-disclaimers/#mls_5632) The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
When COVID-19 hit, Builders Auction Co. pivoted—with much success—its in-person business to online.
Users are able to view upcoming auctions, register for email alerts, and bid for items directly from the website. When an auction starts, locals have 40 hours to bid and rebid on items of their choosing. From there, winning bidders will pick a time slot to pick up their furniture curbside or they may elect to utilize a mover and have it delivered.
If the liquidation route is chosen, Houston-based Builders Auction Co. has helped builders across the country with auction services since 1996. Leading national builders annually represented on the Builder 100 list, including David Weekley, Lennar, Meritage Homes, Mattamy Homes, Taylor Morrison, M/I Homes, NVR, and more, have all used the company’s services to liquidate a model’s contents. Your Saved Sales list is an easy way to return to sale listings which are of interest to you. Save this search to get email alerts when listings hit the market. Limiting access to the model to just staff and professional movers lessens the chance for damage or wear and tear to both the goods and property. I thought you might be interested in this sale listing on EstateSale.COM.
NVR/Ryan Homes Model Home Furniture Auction
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Besides a few staff members and the professional movers, no one is allowed in the home to ensure proper social distancing. For the traditional, in-person auction that the company had practiced for over 20 years, the builder would collaborate with the auction team to set a date and send out notices of sale to local prospective bidders. Then on the day of, the team would arrive at the model, arrange and catalog the furnishings, cover the floors to reduce the risk of damage, register bidders, and sell the contents within a couple of hours. Because the model is full of people during a live auction, safety dictates a limit on the number of items that can be sold.
Store Hours
With a 40-hour bidding period, bidders have plenty of time to research the items and make their bids. The number of bidders has also increased with a live auction, since bidders don’t have to leave home. When the coronavirus pandemic hit earlier this year, Sutter and the Builders Auction team were unable to host in-person auctions at models and decided to quickly shift the process to online, in order to continue serving builders at a peak time of uncertainty. Alicia Schwarze, director of operations at Dallas-based Trophy Signature Homes, a subsidiary of Green Brick Partners, agrees. Her first online auction with Trophy made more revenue than the traditional, in-person approach, due to more interested online bidders. “People don’t necessarily want to go and spend time at a live auction, even though it’s entertaining,” says Sutter, noting that the switch to online makes much more sense from a business standpoint.
In an online auction, builders can bring in items from other models and fill the entire space with merchandise. On a per-item basis, builders using online auctions are earning 10% to 20% more—and sometimes up to 50% more—than with a live auction. Builders Auction Co. assigns winning bidders a pickup time and limits curbside pickups to 10 people per hour.
Sign up for the EstateSale.com email notifications and we will let you know about sales in your area! You may set up alerts by area , keywords, and by company. It is FREE and only takes a few seconds to sign up. When you join our list, you agree to being “in the know” via email – as well as calls & texts if you share your phone number. Builders, large and small, know the advantages of building and designing model homes in their communities. Even in the age of pioneering technology, a fully furnished model serves as the first in-person impression and allows buyers to physically envision themselves living in the space.
To move its services online, Builders Auction Co. discovered an online bidding platform and decided to post photos, dimensions, and descriptions of the various model’s contents to its website during set auction times. When the community sells out or when the model is no longer needed, it goes up for sale. Builders, motivated to raise profits and reduce expenses, then have several options for dealing with the staged pieces within the home.
Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers. Certain real estate listing data is provided by Staten Island MLS under its Internet Data Exchange program. This data is provided exclusively for consumers’ personal, non-commercial use and may only be used for identifying prospective properties consumers may be interested in purchasing or renting. Data deemed reliable but is not guaranteed accurate by Staten Island MLS and should be independently verified. Copyright 2022 Staten Island Multiple Listing Service, Inc.
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