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Multi-Parcel AuctionsWhy Multi-Parcel Auctions are so popular.Multi-Parcel land auctions are becoming more popular providing a better choice of tract combinations for the Buyers and resulting in higher prices paid to the Sellers. Only Auction Companies with the latest State of the Art computer software can provide the Buyer with instantanious bidding price information on multiple tract combinations that creates a fast moving and effective auction for both the Buyer and Seller. |
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Multi-Parcel AdvantageTexas A&M Real Estate Center Article in Tierra Grande Publication
  Example
   Oklahoma/Arkansas Regional Office
Accredited Land Brokers, LLC
1405 S George Nigh Expwy
McAlester, OK 74501
Office: 918-426-6006
Fax: 918-426-6022
Multi-parcel auctions have a distinct ADVANTAGE to Buyers & Sellers.
This type of auction allows Buyers to choose and bid on specific tracts or COMBINATIONS of tracts within a large property.
The availability of smaller parcels increases the number of bidders, which results in higher prices for Sellers.
Disadvantage to a NO COMBINATION auction:
5 tracts, Bidder A has $200,000 and wants tracts 1 & 3 (1 has paved frontage & 3 is behind 1).
Bidder B gets High bid of $125,000 and gets his CHOICE of all tracts, B chooses Tract 1 (Bidder A does not bid higher because he does not know if he can get Tract 3)
Tracts 2,3 & 4 sell for $50,000 each.
Bidder A goes home angry for wasting a day with $200,000 in his pocket and the Seller is short $25,000.
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