Pre-Auction Preparation

Our staff combines current market research from demographic and geographic resources to individually target and identify the best prospects for your properties.  Targeted buyers for most real estate sales include area builders and developers, and local and regional land owners.  We also utilize local and regional real estate prospects lists, as well as our proprietary databases that have been developed and maintained by Iron Horse Auction Company over the last 20 years.

 

Next, we intelligently and extensively promote and advertise our auctions in a variety of marketing channels to ensure your success.  Our primary advertising mediums are newspapers, magazines and trade publications, direct mail brochures, and on site signs.  We also post brochures, auction calendars, and private listing information on targeted web sites.  An ideal schedule of events for a successful auction follows below:

 

EVENT                                  DAYS PRIOR TO LIVE AUCTION

Agreement executed                                       60

Information gathered                                       45

Brochure proof                                                30

Signs erected                                                  28

Brochure mailed                                              25

Site preparation                                               21

Print advertising begins                                   21

Brochures distributed                                      14

Follow up on sales inquires                             10

On site inspection period                                   7

Live auction                                                       0

Closing                                             Typically within 30 days