Troy Fowler

Saying goodbye to 2008 will soon be celebrated by most of us.

It was a challenging year for many. It seemed as we moved further into the year, the hopes for an improved economy diminished.

With Bank closures, record foreclosures and defaults, the credit crisis, rising unemployment, the stock market decline and tensions abroad, I only wish the ushering in of a new year could wipe the slate clean. Unfortunately, all of these issues usually do not just end , they slowly transition into a new phase. This surely means that we will not see many improvements in 2009.

In fact, I believe that for the most part the U.S. and the global situation will get worse before improving. Many changes and hardships will be seen and experienced before we begin to see this situation begin to turn.

Hopefully with hard work, tough decisions being made, sacrifice and a little luck, we will begin to see real improvement that means something for all of us before 2009 is over. Happy New Year!

Auction Generation partners with experts that individually have over 20 years of commercial real estate experience. They provide critical insight, strategy and tactics to ensure that all commercial property auctions achieve maximum sales results.

Our consultants are active commercial brokers whose experience includes working with some of the nations largest and most prestigious firms including Grubb & Ellis Co. and CB Richard Ellis, achieving top dollar sales volume. Our team has extensive development experience in the development of residential subdivisions, retail shopping centers, office condos and warehouse distribution space.

In addition to extensive experience and success, our partners have excelled in there academic development as well. This includes the accreditation otherwise known as Certified Commercial Investment Member (CCIM). Those awarded with a CCIM designation are recognized experts in the disciplines of commercial and investment real estate. They are among an elite group of over 9000 professionals who hold this designation across North America and in more than 30 countries.

Only 6% of the estimated 150,000 commercial real estate practitioners nationwide hold the CCIM designation, which reflects not only the caliber of the program, but also why it is one of the most coveted and respected designations in the industry.

1) Our typical auction closes within 35 days after the Auction sale date. This offers the seller a huge advantage in this market.

2) Exclusivity, which simply means all of the focus is on your property. We spotlight your property for several weeks through many methods to ensure maximum visibility to attract as many bidders as possible on Auction day.

3) By selling through Auction we provide you a time table to sell and close, therefore helping you to minimize carrying cost that erode value and equity.

Finally you will be working with highly seasoned professionals with decades of Auction experience. Investor Realty & Auction Group currently holds several designations including the distinguished AARE designation otherwise know as Accredited Auctioneer Real Estate. Less than 1% of all Auctioneers in the United States currently hold this designation. The combined experience and knowledge of Investor Realty & Auction Group helps to ensure that you will receive the highest level of service and most importantly, achieve the highest possible sales value.

Call me today for more information 305.206.0349!

In response to the ongoing challenges that we now confront in the real estate industry, auctions continue to offer sellers of distressed real estate an excellent alternative to quickly and efficiently liquidate idle assets and free up capital.

My firm currently works with virtually every type of entity, including financial institutions, government, individuals, estates, and developers etc. to provide the highest quality auctions services available in the state of Florida. Our auctioneers hold key designations, including the distinguished AARE(less than 1% of auctioneers in North America hold this designation), CAI, CES and decades of experience to bring you the highest level of service and superior results.

As a member of the American Bankruptcy Institute, I look forward to the possibility of discussing potential needs you may have concerning the disposition of real estate utilizing the auction method.

A resident of Miami since 1989 and native of Florida, I first obtained my Florida real estate license in 1978. I worked with my family's real estate company for several years both in sales and as an investor. I operate as a Licensed Auctioneer. In addition to managing & conducting auctions, I actively participates in developing and growing the auction business. I am a member of the Florida Association of Auctioneers (FAA), National Association of Auctioneers (NAA) and earned his diploma in Call Bidding from the Worldwide Academy of Auctioneers.

I have been awarded the distinguished AARE designation. AARE auctioneers currently represent less than 1% of all auctioneers in North America(less than 400) AARE auctioneers have enhanced knowledge in all pertinent areas, such as real estate auction marketing techniques, financial/investment analysis, tax implications, cash flow analysis and other key factors when making decisions regarding buying or selling property using the auction method.

My extensive real estate experience coupled with my corporate background also includes working with leading financial institutions globally for over 15 years. I worked in a sales and consulting capacity to provide training that helped my clients improve sales performance and enabled them to develop strategic client relationships. My former clients included Goldman Sachs, Morgan Stanley, Citigroup, BNP Paribas, Bank of Montreal, JP Morgan Chase, Barclay's Capital, UBS (Private Wealth), Credit Suisse First Boston (CSFB), Lehman Brothers, Merrill Lynch, National Australia Bank, Deutsche Bank, Bank of Montreal and many others. I developed strong client relationships in the North America , Europe and the Asia Pacific Region.

Please do not hesitate to contact me if you have any questions. C: 305.206.0349 or troy@auction-generation.com

Thank you for your consideration.

Why should I sell my property using the auction Method?

Selling your property utilizing the auction method accelerates the sale of your property by creating an intensive marketing campaign and scheduled date for the property to be sold. Intensive advertising of a property that will be sold via auction creates a sense of urgency that will bring all interested buyers together on a specified date to bid competitively.

What do I need to do on auction day?

It is advisable that you arrive at the auction site at least 30 minutes prior to the time of the auction. By doing so, you will have plenty of time to view the property, ask questions, review materials and register at our registration table. A real estate auction can be over in a matter of minutes so don't be late! Although there is no obligation to bid at an auction, all prospective buyers must register in order to bid. To register, you will need to provide evidence that you have the earnest money deposit required to bid. A valid driver's license or other acceptable form of identification is also required. The earnest money deposit must be in the form of cash, certified check or bank/cashier's check. Credit cards are not generally accepted. See the Terms and Conditions of each sale to obtain the specifics as to the deposit requirements for the property of your interest.

How do I bid at an auction?

In order to bid at an auction, you need to attract the auctioneer's attention. You can hold up your bidder card or you can shout out "Yes". Many times there will be a bid assistant circulating among the bidders who can also convey your bid to the auctioneer on your behalf. Conversely, if you want to take yourself out of the bidding, just shake your head no when the auctioneer looks at you, or answer "No". If you are ever unsure whether your bid is the high bid at any given time, feel free to ask a bid assistant or the auctioneer to confirm this. The auctioneer wants to provide you every opportunity to place your bid and will not allow you to bid against yourself.

Is the condition of the property warranted?

No. The condition of the properties varies. Properties are usually sold "as is-where is" without a warranty or guarantee of any kind other than a clear title. Investor Realty & auction Group encourages all bidders to inspect the property prior to the sale.

What do I need to know before bidding?

Before you bid you should inspect the property to determine its condition. You will want to check property records for relevant information and find out what is included in the sale. You may also want to obtain a pre-approved mortgage or line of credit - the purchase and sale agreement will not include any financing contingency. You'll also want to review all auction documents including the Property Information Package (PIP), and if necessary, obtain professional advice.

What is an Absolute auction?

Property that is auctioned as absolute is sold without a reserve or minimum. The property is sold to the highest bidder regardless of price.

How does a Reserve auction differ from an Absolute auction?

Unlike an Absolute auction, in a Reserve auction a pre-determined price (or reserve) must be met in order to sell the property. This reserve may be disclosed to the buyers or may be kept confidential with the seller.

As a homeowner and/or seller how do I list my property for sale with Investor Realty & auction Group?

Investor Realty & auction Group provides both traditional (listing and selling) and as Licensed auctioneer #AU3595. We also work directly with Real Estate Brokers/Agents. Please contact Troy Fowler at (305) 206-0349 for more information.

As a potential buyer, what do I need to bring with me to the auction to bid on the property?

All buyers intending to bid on property must bring with them: a valid form of picture identification. You will also need to bring a cashier's check payable to yourself. The amount required will be located in the brochure or the Property Information Package (PIP).

What happens to my deposit money if I am the winning bidder? What happens to my deposit money is if I am not the winning bidder?

Your Cashier's Check will be applied towards your deposit due on auction day if you are the winning bidder. The money will be held in an Escrow Account. If you are not the winning bidder, the Cashier's Check will be returned to you once the auction is over.

If I am unable to attend the live auction event, can I still bid?

Yes. Investor Realty & auction Group accepts offers prior to the auction (Absentee bid). Bids may be submitted online or via telephone at (305) 206-0349 the day of the auction, providing you have been pre-registered to bid.

Why should a buyer place an offer prior to auction?

You have the option to purchase the property prior to the scheduled auction date. The property will be withdrawn from the auction if the offer is accepted.

Can I bid on behalf of another individual or entity?

Yes. The person who bids on behalf of another individual or entity must be prepared to sign personally on the day of the auction, should they win the property. If the person or entity is unable to take transfer of the property for any reason, then the person who bid at the auction will be deemed the purchaser and will become responsible for all the terms of the contract.

Are Investor Realty & auction Group sales contingent on inspection or financing?

All sales are on an "As-Is, Where Is" basis. Buyers are encouraged to do their due diligence and begin making their financial arrangements prior to the auction. auctions are non-contingent transactions and are NOT subject to inspection or obtaining a mortgage. The seller must convey clear title to the property, free of all liens and encumbrances.

Can I preview and/or inspect a property prior to auction?

Yes, Investor Realty & auction Group holds several preview sessions in the weeks prior to the auction. At this time, buyers will be given the opportunity to view the property and pick up a Property Information Package (PIP).

What is a Buyer's Premium?

It is a premium paid by the Buyer. The fee will be added to the high bid price. It is most often a percentage amount of the highest bid.

How long do I have to close on the Property?

Please see the specific Terms & Conditions of each auction to determine the length of time until closing.