The sale of real estate at public auction in the United States has a rich history of success, spanning more than three centuries. Today, auctions are more a part of the American way of life than ever.  Over $50 billion of real estate sold at auction each year includes virtually all categories of property, touching on every type of residence, business, and trade. Auctions are an important sales tool and a positive step based on informed business decisions, as well exciting events where bidders can compete directly on equal terms.

For three decades, Jerome J. Manning & Co., Inc., and now JJManning Auctioneers, has played a significant role in shaping the history of the modern auction. As pioneers in the New England auction industry, we have sold publicly owned property for governments, while universities and museums have employed our expertise to help convert estates bequeathed to them by the rich and famous into essential endowment funds. Our gavel has presided over the public auction of miles of precious oceanfront, thousands of acres of development land, and an even greater number of fine homes and businesses.

Whether you are an attorney, banker, board member, broker, builder, business owner, developer, executor, heir, homeowner or investor, the reasons to sell property through auction are as varied as they are compelling.

Properly-marketed, professionally-conducted real estate auctions are not fire sales, as often erroneously portrayed. They are a proven technique for selling property in a compressed time frame at true market value.  98% of all auction sales close successfully as the high bidders can be immediately required to give a significant non-refundable deposit and to sign a contingency-free Purchase & Sale agreement. As of auction day, buyers are heavily vested in the transaction, resulting in a near certainty of sale that helps sellers plan with confidence because they know when their property will close and when they will be paid.

One of the biggest roadblocks to overcome in a conventional negotiated real estate sale is the offer process itself.  Not only can the offers and counter-offers drag on, often limiting the seller to dealing with one interested party at a time to the exclusion of other potentially more motivated buyers, but in many cases, the process either fails to result in a sale or forces the seller to make costly concessions.  Auctions cut to the end of the offer process.  “Offers” are made in the form of verbal bids presented at the auction and bidding procedure ultimately forces potential buyers to give their top and final offer on the spot.  Multiple potential buyers compete simultaneously for contingency-free purchase of your property at true market value in a single streamlined and effective auction event.

One common motivation for selling property is to free funds currently tied up in real estate in order to have working capital for another purpose or investment. Needs are often timely.  With the entire auction process from consignment to closing typically lasting only 90 days, the speed of an auction can quickly convert assets into cash, allowing for immediate use. Timely investment potential and the possibility for quick gains also help motivate auction buyers to pay their top price for your property.

JJManning Auctioneers is the country’s accelerated marketing company of choice recognized by numerous national awards for excellence in that field. If you are considering the sale of your residential or commercial property, we have the experience, track record, and professional team to make your auction a high profile event!

Whatever your situation and motivations, the staff of JJManning Auctioneers will take the time to understand your unique selling requirements and concerns.  We will create an auction marketing program to accomplish your goals.

Every potential client is assigned an auction specialist to work with you and our entire team to quickly investigate and evaluate your unique marketing requirements, determine the best course of action, and present a no-obligation written auction proposal for your review.

Once you consign your property to auction, that same specialist will be your auction manager and point of direct contact, keeping you informed of your event's progress every step of the way from the marketing period to auction day, through the post-auction period to closing.   Our team’s dedication to providing unparalleled support through personal attention through the entire process sets us apart.