Attorney John Ross & Shareholders of Geitgey Complexes Inc,
Thank you for the opportunity to present our company and proposal for your properties. We pride ourselves in offering exceptional service, market knowledge, and the latest in marketing. Our experienced, knowledgeable REALTOR®’s, Auctioneers and Staff, sell 300+ properties a year via auction method, and 500+ in private treaty sales. In 2020, our total real estate transactions totaled over $260,000,000. We have offices in Sugarcreek, Millersburg, New Philadelphia, Kidron and Cambridge, OH along with Bridgeport, WV. We have top producing sales agents year after year.
In this proposal, we will outline the basic elements of the auction process that we’re recommending, but welcome the chance to discuss in more detail your needs, wants and concerns, as well as our plan with you soon.
At your service,
Anthony Kaufman, President
Curt Yoder, Partner / Auctioneer / REALTOR®
history & sales
In 1975, Kaufman Realty & Auctions was founded on honesty, integrity, and professionalism by our very own Hall-of-Fame Auctioneer, Dave Kaufman. We practice those same values instilled within our company in all of our proceedings today, and take pride in every corner of work we do.
Consequently, Kaufman has undergone substantial growth in recent years; now featuring six offices across Ohio (Sugarcreek, Millersburg, New Philadelphia, Cambridge and Kidron) and West Virginia (Bridgeport).
Our 45+ years in business is a testament to the communities we serve, and our commitment to them. We are dedicated to earning and maintaining those relationships. Don’t trust just anyone when selecting your agent or auctioneer. Call on Kaufman Realty & Auctions for the experience you deserve.
Setting a Precedent
We sell property, plain and simple. And, we’re good at it. Our business has grown by leaps and bounds thanks to this distinct aptitude. There are plenty of other contributing factors playing into our remarkable development to be sure; but, our dedication to earning you the most money for your assets, and ability to deliver on those expectations, is the reason we’re here today. Whichever method of sale works best for you, and the ascribed equity you wish to part with, is the method we’ll happily employ. Our REALTOR®s and Auctioneers are expertly trained to identify which approach suits said equities, and to capitalize upon todays market.
Numbers (2020):
Total Sales: $262,608,901.00
Auction Sales: $124,830,641.60
Listing Sales: $124,308,423.70
Real Estate Auctions: 220
Personal Property Auctions: 205
Transactions: 887.5
Setting a Precedent
We sell property, plain and simple. And, we’re good at it. Our business has grown by leaps and bounds thanks to this distinct aptitude. There are plenty of other contributing factors playing into our remarkable development to be sure; but, our dedication to earning you the most money for your assets, and ability to deliver on those expectations, is the reason we’re here today. Our REALTOR®s and Auctioneers are expertly trained to identify which approach suits said equities, and to capitalize upon todays market.
Numbers (2019):
Total Sales: $262,608,901.00
Auction Sales: $124,830,641.60
Listing Sales: $124,308,423.70
Real Estate Auctions: 220
Personal Property Auctions: 205
Transactions: 887.5
Property Overview
Approximate Acreage: 209.491 +/- | Use: Mixed | Units: 204
The subject properties located in Canton, OH containing 2 apartment complexes consisting of 204 units, multiple dwellings all on 209.491 acres with development potential. Owners will only sell to qualified buyers, requiring a 10%, non-refundable deposit as down payment due on auction day.
Stark County
Jackson Township
Jackson LSD
5228 & 5284 Everhard Rd. NW, Canton OH 44718
Located at 5228 Everhard Rd. NW, and entirely within Jackson Township of Stark County, the Carriage Hill apartments includes 132 units on 46.57 acres. Additionally, there is a clubhouse, shop and caretakers quarters. An additional 340 units may be built.
The property at 5284 Everhard Rd. NW consists of 15.15 acres. There is a single family home.
Stark County
Jackson Township
Jackson LSD
5228 & 5284 Everhard Rd. NW, Canton OH 44718
Located at 5228 Everhard Rd. NW, and entirely within Jackson Township of Stark County, the Carriage Hill apartments includes 132 units on 46.57 acres. Additionally, there is a clubhouse, shop and caretakers quarters. An additional 340 units may be built.
The property at 5284 Everhard Rd. NW consists of 15.15 acres. There is a single family home.
Stark County
Plain Township
Plain LSD
Applegrove St. NW & Devon Dr. NW, N Canton OH 44720
Located on Applegrove St. and Devon Dr., and in Plain Township of Stark County, this property consists of 50.2 acres.
Stark County
Plain Township
Plain LSD
7130 Beverly Ave. NE, Canton OH 44721
Located at 7130 Beverly Ave. NE, and entirely within Plain Township of Stark County, the Englewood Manor apartments include 72 units on 8.07 acres.
The Beverly property on Beverly Ave. NE consists of 41.59 vacant acres. It is zoned residential.
The Windsor property is also on Beverly Ave. and consists of 7.671 acres on 6 different parcels with some being plotted at 5 acres.
Stark County
Plain Township
Plain LSD
7130 Beverly Ave. NE, Canton OH 44721
Located at 7130 Beverly Ave. NE, and entirely within Plain Township of Stark County, the Englewood Manor apartments include 72 units on 8.07 acres.
The Beverly property on Beverly Ave. NE consists of 41.59 vacant acres. It is zoned residential.
The Windsor property is also on Beverly Ave. and consists of 7.671 acres on 6 different parcels with some being plotted at 5 acres.
Broker’s Notes
Buyer Packets
Prior to the auction, we will offer informational packets which will include all pertinent financial information regarding the properties. This includes documents such as Restrictions, Zoning Information, Future Development, Occupancy Rates, Rent Roll, T12 Statement, Profit Loss Statements. This information will be accessible to qualified buyers only. We will ask that all registered bidders provide proof of funds or a pre-approval letter from their lender prior to bidding.
Required Financials
• 2020 Profit and Loss plus YTD
• Rent roll showing security deposits.
• Are pets allowed.
• Which section, if any, is 55 and older. Is it a designated restriction.
• Laundry income. Are washers and dryers rented or owned.
• Utility costs breakdown (gas, electric, water, sewer, trash, landscaping, snow removal, pool maintenance).
• Cost of Insurance.
• Deferred maintenance items. (roof repair, etc.)
• How many units have appliances that are owned by the complex.
Compensation Schedule
10% Buyers Premium
• Buyer Representative Referrals
• Advertising & Marketing
• Commissions
Closing Details & Costs
All rents & deposits would transfer to the new owner upon closing. To ensure a smooth transfer, we would push for a closing date at the end of the month.
Seller pays:
• Title Search
• Proration of Taxes
• Deed Prep
• 50% of title insurance
• 50% of title co./attorney fees
Compensation Schedule
10% Buyers Premium
Contributing to:
• Buyer Representative Referrals
• Advertising & Marketing
• Commissions
Closing Details & Costs
All rents & deposits would transfer to the new owner upon closing. To ensure a smooth transfer, we would push for a closing date at the end of the month.
Below is a brief description. These are divided according to a typical real estate closing. Listing and purchase contracts are available for exact breakdowns.
Seller pays:
• Title Search
• Proration of Taxes
• Deed Prep
• 50% of title insurance
• 50% of title co./attorney fees
Conclusion
Summary
We anticipate strong, competitive bidding on your property because:
• The size and acreage associated
• Lack of market availability for similar assets
Target Markets
• Investment Groups
• Individual Investors
• Developers
• Direct Mailing List
advertising mediums
The toolbox from which the auction marketer retrieves has seen remarkable growth in both breadth and depth in recent years. Advances in digital media, and the ability by which it’s presented, is now as colorful and varied as the auction-goers.
As such, you can count on our nationally recognized, in-house marketing department to set your property apart from the competition. Custom designed marketing materials featuring studio-worthy stills and cutting-edge drone footage will showcase the asset’s highlights in a manner second to none. More attentive buyers means higher returns.
Drone Photo/Video
Once considered a luxury relegated to only high-dollar real estate, drone photography and videography is now as integral a medium as any other we offer. representing large swaths of land without it would be beyond the bounds of possibility.
Extremely effective when dealing with a list of keen parties. Building and curating a proper email campaign is a necessity.
360° Photo
See everything there is to see from every angle at any one particular point of a property. Makes a great accompanying piece when paired with Facebook integration.
Drone Photo/Video
Once considered a luxury relegated to only high-dollar real estate, drone photography and videography is now as integral a medium as any other we offer. representing large swaths of land without it would be beyond the bounds of possibility.
Extremely effective when dealing with a list of keen parties. Building and curating a proper email campaign is a necessity.
360° Photo
See everything there is to see from every angle at any one particular point of a property. Makes a great accompanying piece when paired with Facebook integration.
Photography
They’re said to speak a 1,000 words. Good photography is paramount in today’s market. Consequently, no single factor has the ability to maximize revenue like quality pictures.
Matterport
Offer a digital tour of the residence online. With the addition of an independently operational VR headset, a user is now able to pace a house without ever stepping foot in it.
MapRight
A wonderful tool when multiple parcels are involved in the proceedings of a property. It accurately defines the boundaries via the confluence of Google Maps and a surveyor provided file.
PPC Advertising
Quite possibly the most effective method when scrutinizing conversion rates. Largely due to the fact that you are advertising to the prospective bidder/buyer at the exact moment.
Newspaper/Print
Print is dead. Long live print. There’s plenty of people who still receive a daily paper. Speak to them.
Direct Mail
Aside from email, or automated calling, you’ll be hard-pressed to find a more effective method of blanket marketing.
PPC Advertising
Quite possibly the most effective method when scrutinizing conversion rates. Largely due to the fact that you are advertising to the prospective bidder/buyer at the exact moment.
Newspaper/Print
Print is dead. Long live print. There’s plenty of people who still receive a daily paper. Speak to them.
Direct Mail
Aside from email, or automated calling, you’ll be hard-pressed to find a more effective method of blanket marketing.
List With Kaufman
From the Founder
Our values are commitment and innovation with integrity. Our vision is to lead the industry with professional and proven results. Our mission is to provide exceptional service in today’s market, while remaining grounded in tradition. These are the core values upon which I founded this company. If these principles are important to you, I trust you’ll choose our firm for all of your real estate and auction needs. We are “the heart of the market.”
– Dave Kaufman, Founder
From the Managers
We are consistently focused on maintaining the core beliefs and principles on which this company was founded, while moving forward with fresh ideas and a progressive attitude in an ever changing market. We will make ourselves available to you every step of the way to make this transition in your life as seamless as possible. Please don’t hesitate to contact us with any questions. We welcome the opportunity to serve you!
– Anthony Kaufman, President
– Curt Yoder, Partner / Auctioneer / REALTOR®
Phone: (330) 204-2447 | Email: curt@kaufmanrealty.com | Address: 1047 W Main St. Sugarcreek, OH 44681
Phone: (330) 204-2447 | Email: curt@kaufmanrealty.com
Address: 1047 W Main St. Sugarcreek, OH 44681