Doug Marshall of Marshall Auctions is breaking new ground in the real estate auction world. Marshall Auctions has recently hosted several online auctions for properties; including hunting land in northern Delaware, an owner occupied commercial building on Rt. 50 in Easton, MD, Ocean City Condos, and nontraditional real property rights from the original boardwalk development in Ocean City. These online auctions have proven to be fast, reliable and far more convenient for buyers and sellers than a traditional onsite auction. “Our success rate with this innovative form of auctioning property is near 100%.” says Doug Marshall president of Marshall Auctions. So while our competition is using the internet, only Marshall Auctions and its staff are utilizing an online-only auction platform for the sale of real estate locally. Doug Marshall believes that he is the only auctioneer on the Eastern Shore that is offering this service to his clients.
The internet has revolutionized the real estate auction process, allowing potential buyers from anywhere to search for properties all over the world at any time, day or night, when it’s convenient for them. Bidders are able to view photos and see important documents relating to the sale without having to visit the property or search the land records at the local courthouse. The buyers not only view the property they are interested in, but can view similar properties that they may not even have known existed, which are also being auctioned.
“The online auction platform and software we are using, paired with our strategic marketing plans allows us to expose our auction properties to bidders and buyers all over the world. They don’t have to travel long distances to attend an auction and don’t experience the anxiety of bidding on the spot in front of a large crowd.” Doug said. Buyers are able to bid from a location they choose, whether at home or on the move. Bidders are able to login, place their bids, track the progress of the auction and track their competition on Marshall’s website. Online auctions are fast, reliable, and convenient for all involved.
“Buyers who register for our online auctions have typically already done their homework. They have the money to spend in their pocket, they are ready to compete with other bidders in the same position and know what they are will to pay for a particular piece of property.” said Doug.
Marshall goes further to explain that “In the past, online real estate auctions were only used by banks, attorneys and courts to sell off property from foreclosures, bankruptcies, etc., and were often view as being ‘too good to be true’ by many serious bidders and investors. Our website and online auctions provide our clients with the opportunity to participate and use this same technology with the comfort of knowing they are dealing with a reputable auction company.”
Doug proclaimed, “The auction market has definitely evolved with the opportunities that technology and the internet have presented. I believe that it is important to offer my clients a variety of successful options for the sale of their property. For Marshall Auctions and our staff, that may be a traditional listing by an affiliate realtor, a traditional auction or the online auctions that we are now hosting. Don’t get me wrong, I still very much enjoy the excitement and thrill of planning and holding a live on-site auction. It is great to see the community of buyers come together on the auction site. There is often a great deal of socializing that takes place at auctions. However, I want my clients to benefit from what is out there as far as online cutting edge services are concerned. And often times, we find that an online auction is better suited to their goals and objectives, netting them a higher sales price in a shorter time frame.”
Marshall Auctions has been a key player in the Eastern Shore real estate market for many years, with this new form of online- only auctions they hope to take their company to the next level. For more information visit the Marshall Auction website at www.MarshallAuctions.com or call their office at (410)-749-8092.