Orlando Florida Luxury International Real Estate Auction March 15th
February 7th, 2008 by tisnerOrlando Florida Luxury Real Estate International Auction
Orlando Florida Luxury International Auction March 15th at 1pm will have a buyer incentive program. If you are going to register call Teri Isner today for details of what needs to be done in order to qualify or sign up for an orientation meeting.
The buyer incentive program is given to promote opening bids. We believe these amounts offer initial security for sellers and build intensity as bidding begins. Buyers and brokers must submit opening bids on or before March 14th by 5:00 p.m. inorder ot be eligible for the incentives.
So what are the incentives? One and one half percent (1.5%) of the buyers opening bid amount wil be deducted from the buyer’s 10% premium, should the buyer be the successful purchaser of the property for which he/she has provided an opening bid. Here are a couple of examples of this.
Example #1:
A property was previously listed on the market for $1,000,000.
A buyer submits his/her paperwork on time, with an opening bid of $500,000.
During the auction the same buyer secures the highest bid on that property at $800,000.
Buyer incentive =$500,000 @ 1.5% = $7,500
$7,500 shall be deducted from the buyer’s 10% premium.
Example #2:
A property was previously listed on the market for $500,000.
A buyer submits his/her paperwork on time, with an opening bid of $250,000.
During th eauction the same buyer secures the highest bid on that property at $400,000.
Buer incentive = $250,000 @ 1.5% = $3,750
$3,750 shall be deducted from the buyer’s 10% premium.
If you have been trying to sell your luxury property for months with no takers call Teri Isner today or have your broker call Teri Isner today we can help and work together to offer a wonderful solution for all parties. Brokers will be paid and details are available to all just call 407-467-5155 for all the options.