Final
disposition of personal and business assets is
handled with care and thought as liquidation and
estate sales often occur during unsettling times.
J3
offers complete auction
services, from pre-sale planning through financial
settlement of estate sales (including real estate)
for individuals, legal representatives and
commercial clients.
PERSONAL PROPERTY AUCTIONS:
J3
conducts monthly auctions. Preferably on Saturday
Afternoon/Evenings beginning at 4 PM
We sell various items such as antiques, glassware,
art, new and used furniture, farm and fleet,
household goods, electronics and commercial
liquidation. Auctions are open to the public.
On-site auctions are posted and advertised in the
local newspaper. These auctions are typically held
during the week and sold at the home. Specialty
sales are held on specific days. Items sold at the
specialty sales would be large collections of
Longaberger, firearms, coins, etc.
REAL ESTATE
SERVICES:
J3
can also provide for your Real Estate needs with
YOUR NEIGHBORHOOD REALTY of Grove City, and is a full service Real Estate Company.
Real estate is marketed to obtain the highest value.
An individual analysis is conducted to determine if
a private listing or a real estate auction will be
the most beneficial for the seller. A comparative
market analysis is conducted to establish value in a
targeted area. A seller may also want to provide a
home owner's warranty to better market their home. J3 and YOUR NEIGHBORHOOD REALTY will obtain all state-required disclosures, placement of signage and
advertising, order preliminary title search to
assure clean transfer of title, conduct showings and
open houses, execute purchase agreement and other
required documents, coordinate and assist with
closing procedures.
REAL ESTATE
AUCTIONS:
A real estate
auction is an open forum, which allows for oral
bidding. After the bidding is exhausted, the
property may be declared sold. The buyer and seller
will complete a purchase agreement and follow the
necessary steps to closing. The property is sold
as-is and buyers to pay closing costs.
Reserve
Auction: Property sells with the owner's
confirmation. The minimum or reserve amount is not
disclosed to the public. When the bidding is
exhausted, the auctioneer will take a short recess
to discuss confirmation with the seller.
Absolute
Auction: Property is sold to the highest
bidder, regardless of price. This is an excellent
marketing tool in selling property.
There are many
advantages to selling your home by auction:
1. Eliminates
long term expenses, such as taxes, maintenance and
insurance.
2. The
competition of live bidding will realize the
property's true market value.
3. Asking
price is eliminated to avoid overpricing property.
Overpricing may create little or no interest in the
property and will eventually sell for less than the
property is worth.
4. Fast sale
of property versus months or years of waiting to
sell through traditional listing.
5. Auction
forum creates motivated buyers to act quickly,
creating a sense of urgency.
6. Cash
transactions may close within one week after
auction.
7. Marketing
is targeted to seller's property, not multiple
listings.
8. Property
sells AS-IS, therefore, no negotiations on repairs
or inspections.
9. Conditions
of sale are given prior to the auction allowing no
negotiation on terms or no contingencies from
potential buyers during auction.
10. Buyer's
Premium helps offset seller's cost of selling home.
Broker Participation: J3 and
YOUR NEIGHBORHOOD REALTY encourage all real estate
agents to participate in the auction process. We
offer compensation to agents whom represent a buyer
in the transaction. We also co-op with other agents
from different offices to assist with their real
estate auction needs.
ESTATE SETTLER:
J3 understands that settling an estate can be a very
emotional and stressful time in a family member's
life. This is the reason that J3 makes every attempt
to assist executors with their estate needs. We have a network of companies whose
services make the process simple. From moving the
items to other family member's homes, storage and
locksmiths to liquidation of the home and personal
effects, J3 can
help.
J. Jay
Johnson - Owner, Auctioneer, Realtor, Notary Public
Education and Training
Graduate of Reppert School of Auctioneering, BS
Electrical Engineering, Indiana Auctioneer since
2006, Ohio Auctioneer since 2007, and Ongoing
continued education through Indiana Auctioneers
Association, National Auctioneers Association, and
Ohio Realtors Association.
Professional Memberships
Indiana Auctioneers Association, National
Auctioneers Association, Ohio Auctioneers
Association, Ohio Notary Association, Member Ohio of
Realtor Association.
Jay's better
half, Darlene, is a Senior System analyst for IBM
and Manages the Cashiers and Clerks procedures and
activities for the company