Farm and Land Auctions in SE Colorado – When to Auction vs. List
Land auctions accelerate the selling process. Auctions can be the most efficient means to sell farms, homes, and land. In the modern world, more property owners chose farm and land auctions versus listing these properties.
There are many reasons for the auction trend. While in the past banks used auctions to sell properties, just as many landowners have discovered the many auction benefits. And because of websites, buyers more readily find real estate auctions from online listings. 
Cruikshank Realty helps clients navigate complicated transactions. Our services include normal private treaty marketing and Land Auctions. Our background includes some of the largest irrigated farmland and ranch land property sales in SE Colorado. And we use a variety of instruments–investment acquisition, 1031 Exchanges, water rights to property management. With a broad background, we have gained the knowledge to steer our clients towards the best options to achieve their goals. For some, it is the real estate auction.
Why Use Land Auctions vs. Listing to Sell
Many sellers rely on auctions to bring faster and better results than traditional real estate listings. Some like the vitality of the auction process, while others may have unusual additions to their land auctions. Let’s say tractors or outbuildings. At times, families choose the auction format to liquidate estates.
Below find additional reasons sellers opt for farm and land auctions in southern Colorado and the Lamar region.
- Auction sales can move quickly.
- The convenience of online access.
- Competitive bidding can increase selling price.
- Auctions can help sellers sell at market value amid lowering prices.
- Quality approved buyers come to auctions.
- Sellers establish the timeline for their auction sales.
Navigating the Types of Auctions
It does not take long for an expert auctioneer and former farmer to guide buyers to the most favorable kinds of farm and land auctions. While bidders will always be competing against one another, the way it happens can differ. Most sellers opt for open auctions with ascending prices. Here the auctioneer calls out a price to a current bidder to agree to or decline. The auction ends when no one is willing to go higher on last price called.
There are uncommon types of auctions also. Occasionally, sellers may also want to set a price and to then control how low the price may go. So, we have open auctions with descending price and reserve price. Sealed or blind first-price and second-price auctions require bidders to place secret bids. The highest or next-highest bid wins. These are not so common when selling real estate. And the list goes on. Multi-unit auctions deal with multiple items together. All pay auctions, bidding fee auctions, buyout auctions, silent auctions…you’ll see these used in business and organizational arenas. 
In conclusion, Cruikshank Realty will simplify the selling process for you based on your goals. Cruikshank Realty established deep roots in southern Colorado where Lamar, a trading center for agriculture, serves as a hub. Our team works with a client and customer base throughout the United States.
Land Auction and Real Estate Specialists – Southeast Colorado
Contact Cruikshank Realty, Inc. in Lamar, Colorado at (719) 336-7802 for more information about farm and land auctions. Cruikshank Realty has two divisions, Residential and Farm and Ranch. Gene Cruikshank heads up the farm and ranch division and holds real estate licenses for Colorado, Kansas, Oklahoma, and New Mexico.