(EMAILWIRE.COM, January 28, 2006 ) Beloit, WI - A crowd of 150 filled the Beloit Auction gallery Jan. 21 for a ballroom-style Real Estate Auction that surpassed expectations.

Guests at Super Saturday II dined on a buffet catered by Beloiter Peter Gabriele of Domenico’s and La Casa Grande restaurants. Seven southern Wisconsin lending companies met with Auction Real Estate buyers. The first 100 registered bidders received Super Saturday II t-shirts.

The Beloit Auction & Realty, Inc. team offered ten Rock County properties. They ranged from single family homes to investment properties and buildable land. All ten received bids, and nine sellers accepted the Offers to Purchase. One deal remains in private negotiations.

REALTOR® Richard Ranft, licensed Real Estate Broker & Auctioneer, called bids for the live sale. He gave general terms and conditions for the Auction, then offered each property for sale. As each came up for bid, Ranft showed photos of it on the large screen TV beneath the Auction block.

The registered bidders and on-lookers asked their questions, then listened intently to the Auctioneer’s chant. They signaled their bids with raised hands and bright yellow bidder cards. When Ranft called “Sold” for each property, the winning bidders met with one of the associate brokers to write up their Offer. Sellers, who waited quietly in the background, then signed their acceptance.
The event marked the second time Beloit Auction & Realty, Inc. hosted an indoor Real Estate Auction with multiple properties.

“Potential bidders got to visit the properties in person during our Preview times,” Ranft said. “Then day of Auction, we made them comfortable here at Beloit Auction. It works out well for everyone.”

He said Beloit Auction will host Super Saturday III later this year. In the meantime, the Realty company will sell its listed properties on-site. Beloit Auction & Realty, Inc.’s licensed agents & brokers sell properties in Wisconsin and Illinois.


For further information, contact Rich Ranft at (608) 364-1965 or (608) 751-2184

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