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Presented to Gary Jantzer

5/13/08
About Premiere Estates Auction Company

Premiere Estates Auction Company (PEAC), the nationwide leader in auctions and
valuations of residential and commercial real estate, is known for our cutting-edge
approach of blending different types of auction methods with customized marketing,
advertising and promotional campaigns designed to maximize market value. We have
offices throughout the U.S. and have over 2900 Alliance Partners in 46 states as well as
London, England.

PEAC has sold some of the highest-priced
properties in the United States. Our specialty is
marketing and advertising properties using our
WORLDBIDSM Auction Platform, reaching our
proprietary database of qualified buyers world-
wide. Our award-winning marketing team has
over 40 years of multimedia experience.



                                            Worldwide Accelerated Marketing Specialists
                                                                                           2
Premiere Estates Auction Company – Live in Action!




                             When Buyers Compete, You Win!
                                                        3
Why PEAC Auctions Work in Today’s Market
Auctions are the proven way to achieve maximum value for your property in the
shortest possible time frame.
Auctions create a sense of urgency with buyers—a “one day, one chance”
opportunity–and provide affirmation that the seller is committed to the sale
Buyer interest and excitement increases because of the PERCEIVED deal, value,
and/or opportunity that only the auction can generate
Infusion of marketing dollars—PEAC creates a strategic, aggressive marketing and
advertising campaign with National and Global reach

                      PEAC auctions often generate offers PRIOR to Auction Day.
                      As a traditional listing, this spectacular Malibu property sat dormant on the market for
                      over a year. Premiere’s concentrated marketing and advertising campaign and open
                      houses drove dozens of buyers to the property and motivated buyers to submit offers
                      prior to auction day. Ultimately, the home was sold before its scheduled auction date.



                                              Worldwide Accelerated Marketing Specialists
                                                                                                          4
How PEAC’s Auction Platform Benefits You
• You pay no commission; the winning bidder pays it through a Buyer’s Premium.
• Your property sells “AS-IS” with no contingencies.
• Property exposure is maximized via our Worldwide Accelerated Marketing, which
draws the attention of multiple, targeted buyers who can bid from anywhere in the world
using our WORLDBID Auction Platform.
• Upside potential is unlimited with regard to sale price.
• Buyers are motivated to make a decision in a slower “buyers’ market”.
• Choice of auction platforms – We help you choose the most effective auction platform
for your property, whether it’s live (on site/ballroom), by telephone, remote (online/web
cast), sealed bid, or a combination. We allow prospective buyers to bid from anywhere in
the world!




                                                    When Buyers Compete, You Win!
                                                                                      5
How PEAC’s Agent Participation Program Benefits You
• Receiving local market expertise; PEAC’s auction specialists are national & global
market experts, but partnering with agents helps us better understand highly targeted local
markets, which yields a more focused marketing strategy and beneficial local MLS
advertising.
• Partnership with Top-Producing agents provides us with credibility in the marketplace
and allows us to benefit from utilizing the partnering agents proprietary database of
qualified, motivated buyers.
• Agents are motivated to sell the property because they are the agent of record, have a
reputation in the local market, and have the ability to represent both you and the buyer,
while knowing that there is a set sale date.
• Ability to show property throughout the course of the entire marketing campaign;
our fast-paced campaigns generate multiple interested buyers who will want to see the
property on demand.



                                            Worldwide Accelerated Marketing Specialists
                                                                                          6
The WORLDBIDSM Auction Process From Beginning to End

3.PEAC discusses auction process and marketing plan.
4.PEAC and seller define expectations.
5.Seller reviews proposal and budget.
6.Seller, broker and PEAC execute contract.
7.Photographs, information, etc. compiled.
8.PEAC marketing campaign (45-60 day duration).
9.Open houses, showings and inspections.
10.Offers may be presented during the marketing period.
11.AUCTION DAY - SALE OF PROPERTY!
12.Buyer provides non-refundable deposit.
13.Sale closes in 45 days or less.
14.Check deposited in the bank and champagne celebration begins!




                                             When Buyers Compete, You Win!
PEAC Absolute Auctions – The Numbers Speak for Themselves

PEAC’s Absolute Auctions generate on average 175% more buyers and sale prices have
surpassed those in Reserve auctions by as much as 41%.

“What is an Absolute Auction?” When a property is sold to the highest bidder on Auction
Day regardless of price. It is an auction where all buyers with slight-to-very high interest in
the property participate. In an Absolute Auction, all buyers are motivated to participate
allowing true market value to be realized.

As Auction pricing experts, we’ve learned of many reasons
an Auctioneer may recommend an Absolute Auction vs.
a Reserve Auction (where the seller can reject the final bid)




                                              Worldwide AcceleratedCompete, Specialists
                                                    When Buyers Marketing You Win!
PEAC Absolute Auctions – The Numbers Speak for Themselves
• An auction that is Absolute will attract a substantially larger pool of buyers which equates to
higher prices, because competition levels increase simply by the sight of more “potential
competitors.”
• At an Absolute Auction, a person is guaranteed that they are going to go home with the prize if
they are the final bidder! This is a fact we have proven through the history of real estate auctions
dating back to the 19th Century.

       Example 1: Oceanfront Home – Number of Bidders 68,
       Estimated Market price $2.9 million, sale price $3.92
       million, which is 41.3% above market sale price.

       Example 2: Estate Home – Number of Bidders 110,
       Estimated Market price $530,000, sale price $708,000,
       which is 26% above market sale price.




                                                         When Buyers Compete, You Win!
PEAC’s Accelerated Marketing Plan – The Process
                    In order to achieve the highest sale price possible, we market to targeted
                    potential buyers and generate maximum excitement, interest and
                    motivation. We implement and manage the marketing and advertising
                    campaign from inception to completion. Our campaigns are based on a
                    grassroots formula to leave no stone unturned. Each program is tailored to
                    meet the specific needs and/or challenges of each property, as well as the
                    demographics and geographic area of potential buyers. The duration of our
                    campaigns is typically 6-8 weeks. Depending on your level of investment,
                    many of the media components will be used daily and/or weekly.

We provide you with a line-item budget prior to the contract execution, as well as copies of
invoices from outside vendors. We do not add a premium to any of the marketing or advertising
costs; we pass any discounts and/or savings along to our clients.




                                            Worldwide Accelerated Marketing Specialists
                                                                                         10
Premiere Estates Auction Company – Marketing Innovators




            PEAC President Ed Kaminsky on Nightline


                                     When Buyers Compete, You Win!
                                                               11
Weekly print ad in Austin
                                            American Statesman targeting
                                               affluent local buyers



 Email blast sent out
weekly to 20,000 agents
                                                                                         Full-color glossy 4-page brochure
                                                                                              distributed to proprietary
                                                                                         database of agents, professional
                                                                                           sports teams, and celebrities




                                 Direct mail sent out to
                                  custom list of high-
                                 income homeowners
                                  in affluent zipcodes




                          Call Tracking extensions allow us to assess advertising performance




                                                       Worldwide Accelerated Marketing Specialists
                                                                                                                             12
Auction Day: When buyers compete … EVERYONE WINS!




         Your agent receives
          Full Commission
          paid by the buyer                               Your home gets
                                                            SOLD for
                               The winning bidder          market value
                                gets a fabulous           …immediately!
                                   new home




                                       When Buyers Compete, You Win!
                                                                   13
Premiere Estates Auction Company – Live in Action!




                         Worldwide Accelerated Marketing Specialists
                                                                14
Questions?

                      Contact Michael Schwartz
                      Office 310.698.3625 x212
                        Mobile 310.291.8467
                 Email Michael@PremiereEstates.com




ACCELERATED MARKETING SPECIALISTS CREATING INNOVATIVE SOLUTIONS NATIONWIDE




                                         When Buyers Compete, You Win!

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Seller Presentation

  • 1. Presented to Gary Jantzer 5/13/08
  • 2. About Premiere Estates Auction Company Premiere Estates Auction Company (PEAC), the nationwide leader in auctions and valuations of residential and commercial real estate, is known for our cutting-edge approach of blending different types of auction methods with customized marketing, advertising and promotional campaigns designed to maximize market value. We have offices throughout the U.S. and have over 2900 Alliance Partners in 46 states as well as London, England. PEAC has sold some of the highest-priced properties in the United States. Our specialty is marketing and advertising properties using our WORLDBIDSM Auction Platform, reaching our proprietary database of qualified buyers world- wide. Our award-winning marketing team has over 40 years of multimedia experience. Worldwide Accelerated Marketing Specialists 2
  • 3. Premiere Estates Auction Company – Live in Action! When Buyers Compete, You Win! 3
  • 4. Why PEAC Auctions Work in Today’s Market Auctions are the proven way to achieve maximum value for your property in the shortest possible time frame. Auctions create a sense of urgency with buyers—a “one day, one chance” opportunity–and provide affirmation that the seller is committed to the sale Buyer interest and excitement increases because of the PERCEIVED deal, value, and/or opportunity that only the auction can generate Infusion of marketing dollars—PEAC creates a strategic, aggressive marketing and advertising campaign with National and Global reach PEAC auctions often generate offers PRIOR to Auction Day. As a traditional listing, this spectacular Malibu property sat dormant on the market for over a year. Premiere’s concentrated marketing and advertising campaign and open houses drove dozens of buyers to the property and motivated buyers to submit offers prior to auction day. Ultimately, the home was sold before its scheduled auction date. Worldwide Accelerated Marketing Specialists 4
  • 5. How PEAC’s Auction Platform Benefits You • You pay no commission; the winning bidder pays it through a Buyer’s Premium. • Your property sells “AS-IS” with no contingencies. • Property exposure is maximized via our Worldwide Accelerated Marketing, which draws the attention of multiple, targeted buyers who can bid from anywhere in the world using our WORLDBID Auction Platform. • Upside potential is unlimited with regard to sale price. • Buyers are motivated to make a decision in a slower “buyers’ market”. • Choice of auction platforms – We help you choose the most effective auction platform for your property, whether it’s live (on site/ballroom), by telephone, remote (online/web cast), sealed bid, or a combination. We allow prospective buyers to bid from anywhere in the world! When Buyers Compete, You Win! 5
  • 6. How PEAC’s Agent Participation Program Benefits You • Receiving local market expertise; PEAC’s auction specialists are national & global market experts, but partnering with agents helps us better understand highly targeted local markets, which yields a more focused marketing strategy and beneficial local MLS advertising. • Partnership with Top-Producing agents provides us with credibility in the marketplace and allows us to benefit from utilizing the partnering agents proprietary database of qualified, motivated buyers. • Agents are motivated to sell the property because they are the agent of record, have a reputation in the local market, and have the ability to represent both you and the buyer, while knowing that there is a set sale date. • Ability to show property throughout the course of the entire marketing campaign; our fast-paced campaigns generate multiple interested buyers who will want to see the property on demand. Worldwide Accelerated Marketing Specialists 6
  • 7. The WORLDBIDSM Auction Process From Beginning to End 3.PEAC discusses auction process and marketing plan. 4.PEAC and seller define expectations. 5.Seller reviews proposal and budget. 6.Seller, broker and PEAC execute contract. 7.Photographs, information, etc. compiled. 8.PEAC marketing campaign (45-60 day duration). 9.Open houses, showings and inspections. 10.Offers may be presented during the marketing period. 11.AUCTION DAY - SALE OF PROPERTY! 12.Buyer provides non-refundable deposit. 13.Sale closes in 45 days or less. 14.Check deposited in the bank and champagne celebration begins! When Buyers Compete, You Win!
  • 8. PEAC Absolute Auctions – The Numbers Speak for Themselves PEAC’s Absolute Auctions generate on average 175% more buyers and sale prices have surpassed those in Reserve auctions by as much as 41%. “What is an Absolute Auction?” When a property is sold to the highest bidder on Auction Day regardless of price. It is an auction where all buyers with slight-to-very high interest in the property participate. In an Absolute Auction, all buyers are motivated to participate allowing true market value to be realized. As Auction pricing experts, we’ve learned of many reasons an Auctioneer may recommend an Absolute Auction vs. a Reserve Auction (where the seller can reject the final bid) Worldwide AcceleratedCompete, Specialists When Buyers Marketing You Win!
  • 9. PEAC Absolute Auctions – The Numbers Speak for Themselves • An auction that is Absolute will attract a substantially larger pool of buyers which equates to higher prices, because competition levels increase simply by the sight of more “potential competitors.” • At an Absolute Auction, a person is guaranteed that they are going to go home with the prize if they are the final bidder! This is a fact we have proven through the history of real estate auctions dating back to the 19th Century.  Example 1: Oceanfront Home – Number of Bidders 68, Estimated Market price $2.9 million, sale price $3.92 million, which is 41.3% above market sale price.  Example 2: Estate Home – Number of Bidders 110, Estimated Market price $530,000, sale price $708,000, which is 26% above market sale price. When Buyers Compete, You Win!
  • 10. PEAC’s Accelerated Marketing Plan – The Process In order to achieve the highest sale price possible, we market to targeted potential buyers and generate maximum excitement, interest and motivation. We implement and manage the marketing and advertising campaign from inception to completion. Our campaigns are based on a grassroots formula to leave no stone unturned. Each program is tailored to meet the specific needs and/or challenges of each property, as well as the demographics and geographic area of potential buyers. The duration of our campaigns is typically 6-8 weeks. Depending on your level of investment, many of the media components will be used daily and/or weekly. We provide you with a line-item budget prior to the contract execution, as well as copies of invoices from outside vendors. We do not add a premium to any of the marketing or advertising costs; we pass any discounts and/or savings along to our clients. Worldwide Accelerated Marketing Specialists 10
  • 11. Premiere Estates Auction Company – Marketing Innovators PEAC President Ed Kaminsky on Nightline When Buyers Compete, You Win! 11
  • 12. Weekly print ad in Austin American Statesman targeting affluent local buyers Email blast sent out weekly to 20,000 agents Full-color glossy 4-page brochure distributed to proprietary database of agents, professional sports teams, and celebrities Direct mail sent out to custom list of high- income homeowners in affluent zipcodes Call Tracking extensions allow us to assess advertising performance Worldwide Accelerated Marketing Specialists 12
  • 13. Auction Day: When buyers compete … EVERYONE WINS! Your agent receives Full Commission paid by the buyer Your home gets SOLD for The winning bidder market value gets a fabulous …immediately! new home When Buyers Compete, You Win! 13
  • 14. Premiere Estates Auction Company – Live in Action! Worldwide Accelerated Marketing Specialists 14
  • 15. Questions? Contact Michael Schwartz Office 310.698.3625 x212 Mobile 310.291.8467 Email Michael@PremiereEstates.com ACCELERATED MARKETING SPECIALISTS CREATING INNOVATIVE SOLUTIONS NATIONWIDE When Buyers Compete, You Win!