Author: genr8admin

An online real estate auction is a great tool to utilize in the growing world of technology that we live in today. As we all know, mostly everyone today has a cell phone in their hand 24/7 and we have access to unlimited information and applications. Online auctions allow us to market and sell your property to buyers anywhere in the world in the palm of their hands. 

Consumers have been buying things online for a while now. Websites like eBay and Amazon allow us to buy things with a click of a button. Why can’t we do that with real estate properties? Well, we can! Here at NextAg Appraisal & Realty we provide the services of selling your real estate property online where buyers can purchase the property with a click of mouse or a button on their cell phone. 

What are the advantages of an Online Real Estate Auction? 

There are some great advantages to using our Online Auction platform. For example, buyers can remain completely anonymous taking out any potential biases that an in-person auction might create. Another reason, like we talked about earlier, is that people can buy your property anywhere in the world if they have internet access. There is no longer the hinderance of remembering the auction location & time, or sitting for hours waiting for the sale of the property.

I know you’re probably thinking: But I still have to know when the auction starts and wait until the conclusion of the auction. This is not exactly the case! With our mobile app and internet platform, you can sign up for email and cell phone notifications. This will then alert you of when the auction starts, when outbids happen, and the conclusion of the auction. 

But I still have to sit on my computer or phone and bid each time, so I know I’ve bought the property, correct? Also, not the case! The online bidding platform allows you to enter a maximum bid, so you don’t have to sit through the whole auction process. The platform will bid on your behalf up to your maximum bid until another party has surpassed you. A notification will then come in when you have been outbid. In turn, you will just log on to our website or your phone and bid again or set another max bid. 

Conclusion

Overall, this is a great tool when selling your property because it allows you to have a larger pool of bidders, anonymity for those bidders, and an efficient and professional platform to get the most for your property. 

If you are thinking about possibly selling your property, feel free to reach out to me and I can provide a no-obligation consultation of the online auction process and quick market analysis of your property. 

It is hard to believe but we have reached about halfway through the growing season for our crops here in the Midwest. The corn is starting to tassle, and the soybeans are starting to fill out. Wheat harvest is in full swing, and everyone is hoping for rain but with those Midwest thunderstorms comes the all too well-known wind and hail. With all the nice weather and summer activities going on the last thing on people’s minds is harvest, end of the year decisions, and definitely not next year’s crop. 

But time moves fast and there are decisions that we need to be making now as landowners that will affect next year’s outcome. 

For example, if you are on an ORAL lease and thinking about making a tenant change or are thinking about selling your property this fall or next spring, you are required to give notice to your tenant in writing by September 1^st of this year. In Nebraska the oral lease period runs from March 1^st to February 28^th of the next year. Per Nebraska statute, you must give 6 months notice to your farm tenant to terminate a lease (September 1^st) otherwise the tenant has the right to farm the next cropping season.

Even if there is a possibility that you want to sell your property or make a change in tenant on an oral lease it is a safe practice to give notice in writing. This does not mean that your tenant can’t farm your property next year. It may be a good point to switch to a written lease at that point if you don’t decide to change tenants or sell. 

On the other hand, if you are on a written lease, please review it and make sure that it is up to date and has a definite start and end date. If you were previously on a written lease, for example, in 2022 but forgot to rewrite and sign a new lease in 2023. You are now on a carryover oral lease and fall into the situation above.

Here at NextAg we will only rent land via a written lease, and we review that lease with our landowner clients and tenants each year. We meet in person with the tenant to sign the lease each year to gather their thoughts and perspective as stewards of the land to pass on to the absentee landowner. 

If you need a consultation of your lease, management of your land, or are looking to sell this fall or spring don’t hesitate to give us a call or send us an email and we will be more than happy to help. 

Land is what we do!

Ethan Sorensen

Owner

This is a simple question with a complicated answer. What kind of auction format should I use? Are the market conditions right for an auction? Who should I have conduct the auction? These are all questions that are raised when considering selling your land via auction. At NextAg we guide you through this decision process and custom tailor our approach to you and your property’s needs. 

What kind of auction format should I use?

There are many ways to conduct an auction from a traditional auction setting to a more modern approach with Online Only Auctions. Let’s highlight a few options that we offer at NextAg and how they could pertain to your situation.

Simulcast Auction/Live Auction – A modern twist on the traditional auction setting, the simulcast/live auction method combines the traditional in-person auction with the online-only approach. The simulcast allows you to have an in-person auction where patrons can come in-person and bid while also allowing your bidders the chance to bid anonymously via our online bidding platform. 

Online-Only Auction – A simple, effective auction format that allows total anonymity for the bidders through our online bidding software. This auction method allows anyone from anywhere in the world with internet access to bid on your property. This method is usually timed and ends after all bidding has ceased for a set amount of time. 

Sealed Bid Auction – The sealed bid auction can be a very useful tool in the right situation. This method is a slower paced auction environment where bidders submit their bids on a standard bid sheet to us, here at NextAg. There is usually a deadline to submit bids and then we sit down with the sellers and either select a winning bid or we can invite back the top bidders to perform a small exclusive mini-auction of the top sealed bids. This method allows the sellers a comfortable, slower timeline to make their decision. 

Are the market conditions right for an auction?

Market conditions for agricultural land right now are strong. Higher commodity prices and unstable stock market conditions have driven up farmland prices in the Midwest. The ability to buy land in an instant via online auctions, etc. has also played a part in higher land sales. Auctions in the current market conditions allow for fast, efficient sale times resulting in top market values. 

Who should I have conduct my auction?

The NextAg advantage, when it comes to selling your property, is that we know how important this transaction is because we are landowners, as well. We are a family-owned and operated business with the owner himself raised on a multi-generational Nebraska farm where hard work and doing the right thing is the standard. Your farm and the generations of hard work and sacrifice do not go unnoticed when we are working with you and your family during this process. Our goal is to be honest, transparent, and strive to get you the best results for the sale of your farm.

How do we get the best results?

• Instant contact with thousands of landowners around your property with up-to-date mailing lists
• State of the art bidding software
• Efficient and effective marketing techniques
• Local knowledge of the area

Still have more questions or maybe you are ready to get started? Please reach out today! We are happy to answer any questions you may have and discuss your specific needs. You can also visit our website at, https://nextagrealestate.com/ or call us at, 402-540-0053.