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Contact CLHbidWhy is there a premium above the individual bid price for En Bloc parcels?
Last updated on June 10, 2024
PLEASE NOTE: Not all CLHbid.com sales have an ‘en bloc’. Please review the particulars of each sale for clarity.
At CLHbid.com our intent was to design a platform to engage large players to bid but, in doing so, be fair to the smaller bidder wishing to buy just one or two parcels. With that, we have set the bar high for the larger pla yers to outbid the individual high bidders, in order to buy the entire farm or ranch.
In building the CLHbid.com platform, smaller players told us they didn’t think it fair that a larger player could buy the entire farm or ranch for just a fraction above the sum of the prior individual bids, and we agreed. Hence the rationale behind the ‘premium to play’ for the En Bloc bidding. If a larger player wants the entire farm or ranch they must be willing to pay a significant sum above what all individual bidders were willing to pay in the first round of bidding.
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Contact CLHbidQuestions Similar To "Why is there a premium above the individual bid price for En Bloc parcels?"
What is the transaction fee and how much is it?
A transaction fee will be charged to the successful Buyer for the use of the CLHbid.com platform (‘Transaction Fee’).
Is there an advantage to waiting to bid until the parcel is about to expire?
No. At CLHbid.com there is no advantage to waiting to bid.
How are your properties shown to interested Bidders?
For the most part, we leave it to our videography and still photography to showcase property up for sale.
Why shouldn't I just rely on a traditional appraisal to set the selling price for my farm or ranch land?
Appraising farmland is challenging due to its immovability and the influence of extrinsic factors like neighbour demographics and access, which are difficult to quantify. Unlike chattels, farmland value is not solely based on intrinsic factors like soil class, making appraisals less reliable. CLHbid.com's experience with open market sales, with true price discovery, are necessary to accurately determine farmland value.