All properties posted to JenkinsRealEstateAuctions.com MUST ACTIVELY be represented by a licensed real estate agent in the state in which the property is located. Here are some keys to Jenkins Real Estate Auctions sales success:

1. An educated listing Agent

A professionally trained listing agent will know what the property is “truly” worth in the local market and make their Seller aware of this amount.

2. A realistic, genuinely motivated Seller

If the seller has unrealistic prices, you will NOT have a successful bidding event.

3. Great marketing exposure

Assuming the Seller is realistic, you will receive a tremendous amount of exposure using our system. We recommend that you invest some additional money on ads in the local paper advertising the auction to help encourage interested parties to place their bids online. It is better to run a display ad with a photo at least two simultaneous weekends to get the most benefit.

Seller costs:

• The cost to the (Seller or Agent) to List a property on JenkinsRealEstateAuctions.com is Totally FREE!
• *The Seller will still be responsible for the agent commissions (previously agreed to in your Real Estate Listing or Buyers Agreement).
• The Seller or Agent will be responsible for creation and cost of local and regional advertising, which we highly recommend.
• When the property Sells… we will charge the a $200.00 internet transaction fee and this fee will be paid when the property closes escrow.

Buyer costs:

• The BUYER pays what we refer to as a “Buyer’s Premium Fee” of (3 to 5%) of the purchase price or a minimum of $500 (if the purchase price is $50,000 or less) to Jenkins Real Estate Auctions LLC at closing. This fee should be disbursed by the closing agent and have the fees paid by the escrow officer to Jenkins Real Estate Auctions LLC at the close of escrow. The Buyer’s Premium Fee is adjusted on every property and announced at bidder registration.

Duration:

• The “Duration” is the timeframe during which a property is listed on JenkinsRealEstateAuctions.com to receive bids. It also includes the two-day, pre-auction, staging period and the post bidding period.
• We offer 30-day bidding events on JenkinsRealEstateAuctions.com.
• There is a Post Bidding time period of up to 7 days for properties that did not meet the minimum reserve price set by the seller during “active” bidding. This allows more time for the original bidders and new bidders to place higher bids while buyer agents negotiate to get your property “under contract”. 

*FYI, MANY properties sell during the Post Bidding Period!

NOTE: To remove a property prior to the full duration of the bidding event, a Withdrawal Penalty may be issued to the listing agent. The Withdrawal Penalty is calculated based on the reserve amount and the transaction fee amount. The Withdrawal Penalty will be 1% of the original reserve amount or a $500 minimum fee charged to the listing agent and due within 30 days of the date the property is withdrawn from Jenkins Real Estate Auctions.com. To avoid this issue with your Seller, have the seller(s) sign a Listing Addendum that mentions the duration of the auction (see below).

Agent responsibilities:

• The Agent is responsible for understanding that listing a property on JenkinsRealEstateAuctions.com and any of their platforms does not insure that the property will be sold…choose the “right” property with the “right” Seller! 

The key requirement: a realistic, genuinely motivated Seller.

• The Agent is responsible for having a Listing Addendum signed by the Seller(s). JenkinsRealEstateAuctions.com does not require this but we strongly suggest you create this and add it to your paperwork. We provide all auction participation form for your use. 
• The Agent is responsible for loading the property into the JenkinsRealEstateAuctions.com system which is similar to loading a property into an MLS system.
• The Agent is responsible for local or regional advertising and posting the property on their MLS.
• The Agent is responsible for posting the buyer agent commission (if any) on JenkinsRealEstateAuctions.com and having the commission amount match both on our site and in any other form of advertising (MLS, etc.) 

We predict that approximately half of the properties sold on JenkinsRealEstateAuctions.com will not have a buyer agent involved. 

FYI:

• The Agent will enter the following:

1) Current list price, and 
2) Reserve price (minimum the seller will accept for the property).

The reserve amount entered MUST be at least (5 to 10%) below the current list price.

• JenkinsRealEstateAuctions.com calculates the starting bid amount. The starting bid is not chosen by the Seller or Agent.
• Your property will be “live” on JenkinsRealEstateAuctions.com for the general public to view 48 hours prior to the date and time above.
• JenkinsRealEstateAuctions.com will provide a corrugated, plastic yard sign along with a metal stake for agents to physically post on the yard of the property. You will be responsible for installing the yard sign on the property.

When a property sells on Jenkins Real Estate Auctions.com:

When a property meets or exceeds the reserve price and is “sold” on Jenkins Real Estate Auctions.com, the Listing Agent is still an integral part of the “Contract to Closing Process” very much like “traditional” real estate transaction.

An assigned agent will reach out to the winning bidder and then treat the sale the same as they would in a traditional purchase agreement!

If, at the end of the Active Bidding Event, the reserve has been met, the Listing Agent will:

• Be provided contact information of the property’s Winning Bidder via email.
• Contact the Buyer or Buyer Agent and explain the Purchase Agreement process and explain your Earnest Money Deposit (EMD) procedure and provide them with the title company and escrow officer for the property to wire transfer the non-refundable earnest deposit to them.
• Create the Purchase Agreement for this transaction (just as you would for a traditional real estate transaction) making sure to mention the Internet Transaction Fee Addendum which Jenkins Real Estate Auctions LLC will provide to you.
• Have the Purchase Agreement, All Addendums, and all other locally required documents signed by the Buyer and Seller.
• Arrange the closing. Check with the Listing or Buyer’s Agent regarding this.
• Supply Jenkins Real Estate Auctions LLC via email the following within 3 days of execution:

Purchase Agreement
Internet Transaction Fee Addendum
Escrow officer contact information (company name, contact person, file number, address, phone number, fax number, email address) 
HUD1 or Closing Statement when available

• Keep Jenkins Real Estate Auctions LLC up-to-date with any amendments to the contract and pertinent changes regarding closing throughout the process.

If, at the end of the Active Bidding Event, the reserve has not been met:

• The property will remain on JenkinsRealEstateAuctions.com in its Post Bidding Period to allow negotiations with the high bidder and other bidders to continue for (up to) seven days to obtain an acceptable bid.
• All post bids will be emailed to you from JenkinsRealEstateAuctions.com for consideration.
• If the reserve is met during the Post Bidding Period or you agree to accept one of the post bids, the property will be considered SOLD immediately, and you will be provided via email contact information of the property’s Winning Bidder to create the Purchase Agreement for this transaction just as you would for any other property making sure to mention the Internet Transaction Fee Addendum which JenkinsRealEstateAuctions.com will provide to you.
• MANY properties sell during the Post Bidding Period!
• If the reserve is not met during Post Bidding, the property will be removed from Jenkins Real Estate Auctions.com. If you wish to re-offer the property again on Jenkins Real Estate Auctions.com simply login and re-list the property.

Please remember:

• Once a property has been activated (paid for), ALL OFFERS received must be placed on the website. NO offer shall be considered “outside” the online bidding event.
• If the property is purchased during the bidding event, the buyer is required to pay a “Buyers Premium Fee” at the rate that was posted on the property’s bid page to Jenkins Real Estate Auctions LLC. In addition, if someone who bid on the property during the JenkinsRealEstateAuctions.com bidding event purchases the property within 30 days of the conclusion of the auction, that buyer is required to pay “Buyers Premium Fee” to Jenkins Real Estate Auctions LLC. The “Buyers Premium Fee” should be disbursed at closing by the closing agent; it is the listing agent’s responsibility to make certain this fee is paid by the buyer. 
• The “Buyers Premium Fee” is not part of the winning bid price.  The “Buyers Premium Fee” amount will be added to the winning bid price on the property. And is a non-refundable fee and again…not included in the purchase price.

How we market Jenkins Real Estate Auctions.com:

At Jenkins Real Estate Auctions LLC, we employ a number of different advertising and marketing strategies to attract visitors to our site. Traditional advertising plays a large role in these strategies, as we consistently advertise in numerous large newspapers and magazines across the country and have also invested in national radio and television advertising campaigns.

However, technology-oriented marketing has become a large focus of our advertising strategy. We have found highly-targeted online advertising to be extremely effective. In addition, direct email marketing to those who have expressed interest in purchasing properties at auction has been a big traffic driver for Jenkins Real Estate Auctions.com.

Additionally, a great deal of our marketing investment is concentrated on increasing our search engine optimization and routing visitors to our website via search engines like Google, Ask, Yahoo, and other Internet traffic drivers. Editorial media exposure and public relations efforts also play a major role in our marketing plan.

Ultimately, selling a house “as is” in California can be a strategic choice for homeowners who prioritize convenience and are transparent about the property’s condition. By understanding the concept, navigating the process, and making informed decisions, you can successfully sell your house “as is” while maximizing its market value.

Let’s go over what makes our program great for home sellers, hiring you to sell their property using our new home selling program.

Home sellers are given options that most other agents can provide them.

You will start out presenting your traditional presentation lock in a comparable home selling price based on your comps, and negotiate a co-broker selling fee at the standard (5 or 6%).

Then you will present our new home selling program and offer to sell their property at a (2 to 3%) fee and also show them how they can save thousands of dollars when hiring you to sell their property.

We do not care which program they choose as long as they choose you as their realtor!

If the seller chooses our new home selling program, then it will be very important to work with them on their bottom line selling price.  That price needs to be realistic!  We will begin with a starting bid price around 10% below their selling price.  The seller has the right to accept or deny any offer during the open bidding process but once bidders match or go over their minimum set price then they will be required to accept a bid on their property.

Their property will be sold as-is with no contingencies or repairs.

Contact Terry Jenkins at Jenkins Real Estate Auctions LLC – to learn more about a new home selling and marketing program.

Text: 916-588-0067

CREA – Certified Real Estate Auctioneer®

Jenkins Real Estate Auctions LLC – A California Company

Entity No. 202358616912

Registered: State of California – Secretary of State

Surety Bond Auctioneer/Auction Company – Bond# 387770D

REO Agent – Distressed Property Expert

Disclaimer: This material is provided for information purposes only and is not to be construed as financial, investment or tax advice. Readers are strongly advised to consult with their professional advisors regarding the information herein.