GLOBAL TRADE DAYS, INC. CONCEPT
Click here: to see sample 6-Day Option Agreement

Today’s industry is characterized by a renewed sense of stability and opportunity.  There is increased activity and GLOBAL TRADE DAYS, INC. has reactivated this auction process at the request of its many clients.

Many of you, though, are not familiar with our process of auctioning options on property.  Let me explain:

• First, the sellers agree with GLOBAL TRADE DAYS, INC.  to sell the property through GLOBAL TRADE DAY’S option process at a specific minimum auction price and furnish information that will be made available to potential buyers.


• Individuals and companies bid for a six (6) day option to purchase the property at a stated minimum price, which typically sells for an option ranging from several hundred to several thousand dollars to hold property valued up in the millions.


• In the six (6) day option period, the property can be examined by a buyer or engineer, title search made, and an on site inspection preformed.  Doubling the option extends the option agreement For a total of fifteen (15) days after purchasing the option at the auction.


• The seller has placed a minimum price on the property, but the buyer has the choice to negotiate with the seller on the purchase price as part of the purchase and sale agreement executed by the Buyer and Seller with GLOBAL TRADE DAYS INC. as agent.


• In the privately held auctions, all that is auctioned is the option to evaluate and research the property, for up to six (6) days, during which the winning bidder has the exclusive right to buy the lease at a full price or a negotiated price with the seller.


• Should the option bidding exceed 20% of the minimum price for the property, the auction converts to bidding on the property itself and is sold at final auction.  A real-life example; the bid option for a one million dollar piece of property exceeded the 20%value of the property (200,000) and the property was immediately re-auctioned for a final sale price 1.29 million.

 

GLOBAL TRADE DAYS, INC. conceived this way of marketing property in order to make the evaluation process more cost effective and timely for the buyer.  This process eliminates the expensive advance due diligence that is wasted when a buyer is outbid on a chosen parcel.  This concept of putting down a small amount of cash in order to optimize the opportunity to evaluate and make the purchase decision on the property provides a new level of excellence in auction effectiveness, insuring minimal risk for the buyer.

There is also pluses for the seller as well:  These include the sellers option to set the minimum bid price, the short-tie up period for the property, few people with whom to deal with before the sale, and only one winning party with whom to deal.  Another advantage is that the seller can walk in the day of the sale and list the property, thus minimizing the cost of advertising fees and related expenses.