{"id":5113,"date":"2021-08-09T08:50:59","date_gmt":"2021-08-09T15:50:59","guid":{"rendered":"https:\/\/www.realtyexecutives.com\/blog\/?p=5113"},"modified":"2021-08-09T08:50:59","modified_gmt":"2021-08-09T15:50:59","slug":"realty-executives-brokerage-recognized-as-top-auction-firm","status":"publish","type":"post","link":"https:\/\/www.realtyexecutives.com\/blog\/realty-executives-brokerage-recognized-as-top-auction-firm","title":{"rendered":"Realty Executives Sudduth Realty Recognized as Top Auction Firm"},"content":{"rendered":"\n
\"Mark,
Donna, Mark, and Caitlin Sudduth at the Wichita Business Journal Awards.<\/figcaption><\/figure><\/div>\n\n\n\n

Realty Executives Sudduth Realty and Auctions, Inc. has been honored as the 2021 Top Auction Firm with the Wichita Business Journal. As a full-service real estate brokerage led by Broker\/Owner Mark Sudduth, this Augusta business takes client service to the next level by specializing in traditional sales and real estate auctions. Experiencing explosive growth in the past few years, the firm has become one of the leading auction firms in south central Kansas.<\/p>\n\n\n\n

\u201cContrary to what some may believe, hosting an auction is\nnot \u2018giving away\u2019 a property. In fact, effective marketing allows us to\nsuccessfully increase visibility for unique homes, farms, ranches, and\ninvestment properties- properties that are often time incomparable to others in\nthe area.  Although it isn\u2019t appropriate\nfor every client and property, an auction can be a great option to consider. We\nview it as an additional service that our Executives have in their arsenal,\u201d\nsays Sudduth. <\/p>\n\n\n\n\n\n\n\n

Getting Started in Auctions<\/h2>\n\n\n\n

Stepping into the auction business was equal parts necessity\nand risk. Sudduth, now with 30 years of real estate experience in Butler County\nand numerous awards under his belt, looks back on his entry into the auction\nworld with gratitude. \u201cI was 27 years old with a wife and two small daughters\nand was highly motivated to tackle any real estate opportunity that presented\nitself.  I happened to have a client who\nowned a few Dairy Queen restaurants, and he needed to sell some acreage to\ninvest $5,000 into another location. He needed the cash by a very specific\ndate, and I told him that the only real way to plan when a property will sell\nis by auction,\u201d said Sudduth.  \u201cI took a\nchance and offered to auction it for him, saying that I would not take any\npayment if the property didn\u2019t sell. I had no idea what I was doing but was determined\nto figure it out.\u201d Three interested parties showed up for that auction, the\nprice soared from $500 to $7,800, and the rest is history.<\/p>\n\n\n\n

\"Mark
Mark Sudduth has been ramping up the auction business in recent years.<\/figcaption><\/figure><\/div>\n\n\n\n

As Sudduth realized that real estate auctions were an\nuntapped niche in his area, he opted to enter auctioneer school in 1992. This\nrefined his skills and helped him continue to grow his auction business,\nselling subdivisions and other properties over the next decade.  In 2018, however, Sudduth recognized that he\nneeded to pivot his business. \u201cOne of the biggest challenges with auctions is\ngetting bidders to physically show up on auction day.  The bidders are registered and qualified\nahead of time, but we\u2019d have days when four bidders would show up despite 12\nregistrants.  Everyone has family\nobligations, work obligations, and reasons that they cannot make it to the\nproperty. I knew that we would have to do something different to take the\nbusiness into the future,\u201d said Sudduth. \n<\/p>\n\n\n\n

Moving the Business Forward<\/h2>\n\n\n\n

With an increase in online auctions happening on the East\nCoast, Sudduth was inspired to convert his in-person auctions into fully online\nauctions. He researched various platforms and marketing companies, eventually\npartnering with Wichita Designs and BidWrangler. His current proprietary, online\nplatform advertises properties via Google ads, YouTube, drone photography,\npersonalized videos, and provides sellers with information pertaining to the\nauction. \u201cOnline auctions have been stress-free and exciting for our\nsellers.  The potential buyers must\nremove all contingencies before winning a bid, and it is common to have 20 or\nmore bidders from across the United States,\u201d says Sudduth. By maximizing\nvisibility, the firm typically meets or exceeds the target price and net\nprofits the seller is looking to generate.<\/p>\n\n\n\n

Early proof that the online platform was a homerun involved\na farm that needed to sell in the fall of 2019. The seller first offered to\nsell the property to the neighbors at a price of $250,000.  The neighbors were not willing to pay the\nasking price, so the seller approached Realty Executives Sudduth Realty and\nAuctions and requested an online auction. \nThe auction attracted 49 verified and fully vetted bidders and sold for\n$401,000- well over the target sale price. And the happy new owners? The\nneighbors.<\/strong><\/p>\n\n\n\n

Sudduth knew moving to a cutting edge, online auction\nbusiness would pay off- even before the challenges presented by COVID-19. \u201cWhen\neverything in the area was slowing down due to safety precautions and in-person\nrestrictions, we were able to ramp up our business. Live auctions couldn\u2019t run,\nbut we could. I couldn\u2019t have predicted that situation, but I realize that I am\nextremely blessed. We have nearly doubled our business over the last year,\u201d\nsays Sudduth.  <\/p>\n\n\n\n

Looking to the Future<\/h2>\n\n\n\n

With 17 experienced, top-producing realtors, Realty\nExecutives Sudduth Realty and Auctions, Inc. has no plans to stop expanding\nbusiness. Clients can choose to sell properties in the traditional manner or\nexplore auctions, giving them extreme flexibility when it comes to the largest\nfinancial decision in life. Regardless of method, the team excels at selling\nall types of properties, helping buyers and sellers achieve their goals.<\/p>\n\n\n\n

Recipients of the Realty Excellence\u00ae Fastest Growing and Agents\u2019 Choice awards year over year, \u201cit is no surprise that Sudduth Realty has achieved the Top Auction Firm award for south central Kansas,\u201d said Patrick van den Bossche, President of Realty Executives International. \u201cWe encourage all Broker\/Owners and Executives to become leaders in their markets, and the team at Sudduth is living, breathing proof of what is means to be a local expert. They are hyper-focused on providing stellar customer service, owning their niche, and we couldn\u2019t be more impressed. Kudos to Mark, his family, and the Executives for their achievements and for this honor.\u201d <\/p>\n\n\n\n

To learn more about Mark Sudduth and the professionals at Realty Executives Sudduth Realty and Auctions, Inc., visit www.SudduthRealty.com<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

Realty Executives Sudduth Realty and Auctions, Inc. has been honored as the 2021 Top Auction Firm with the Wichita Business Journal. As a full-service real estate brokerage led by Broker\/Owner Mark Sudduth, this Augusta business takes client service to the next level by specializing in traditional sales and real estate auctions. Experiencing explosive growth in … Continue reading Realty Executives Sudduth Realty Recognized as Top Auction Firm<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[265,3,835,829,285,29],"tags":[267,444,59,445],"yst_prominent_words":[5017,5018,5019,1611,5016,5009,5006,5023,796,5015,5011,792,5012,5008,5025,5014,5013,5010,5007,5022],"_links":{"self":[{"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/posts\/5113"}],"collection":[{"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/comments?post=5113"}],"version-history":[{"count":2,"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/posts\/5113\/revisions"}],"predecessor-version":[{"id":5117,"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/posts\/5113\/revisions\/5117"}],"wp:attachment":[{"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/media?parent=5113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/categories?post=5113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/tags?post=5113"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/yst_prominent_words?post=5113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}