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paige holt hamilton county herald auctions

Hamilton County Herald – A match made on the auction block

A match made on the auction block

Holt’s quest for bargain furniture leads to love, thriving business

paige holt hamilton county herald auctions

Steve Holt was calling an auction in Colorado Springs in 1992 when he spotted a woman unlike any he’d ever seen.

A well-fed Colorado boy raised in the auction business, Holt stood tall on the block as he sold furniture to the highest bidders. Accustomed to cowboy hats, belt buckles and starched jeans, when he saw the young lady with the big hair, make-up and bedazzle, he fumbled his words.

“The only time I became tongue-tied while doing an auction was when that Southern belle walked in,” Holt says.

The Southern belle was Paige Hutcheson, a 21-year-old spitfire from Tennessee. A recent transplant to Colorado Springs, she was there to buy furniture for her new apartment. But when she walked into the auction house, she found love, as well.

Today, the former Miss Hutcheson is Paige Holt, wife and mother of three. She’s also the majority owner of Compass Auctions & Real Estate, a regional company headquartered in Chattanooga.

It’s a job that keeps Paige busy, to put it lightly. “I’m not familiar with the 40-hour work week,” she explains. Her phone dings, announcing the arrival of text message number 17,001. (This is no exaggeration; there are over 17,000 texts on her phone.)

Paige is, however, familiar with the ins and outs of running an auction company – and it involves more than standing on the block and calling for bids.

“Auctioneering is a true profession. You’re dealing with people’s assets, and you have a responsibility to manage them appropriately,” she says. “Then you have the back end, which is accounting, marketing, booking the labor and so on.”

As an auctioneer, Paige also works with bankers, attorneys and government entities daily. “Then I’ll be helping a family that’s mourning a heart-breaking loss, so I deal with a broad spectrum of people with different needs,” she adds.

All of this might sound par for the course for the owner of an auction company, but Compass is no ordinary auction firm.

Paige and Steve formed Compass in 2010 at their kitchen table. They held their first auction – a consignment auction for heavy equipment – in a rain-soaked field in Soddy Daisy. “We decided to roll it out and put it in God’s hands,” Paige remembers.

The auction went well. Afterward, Paige and her husband realized they had stumbled onto a niche market and started working to develop it. Thirty days after their maiden auction in Soddy Daisy, they landed a contract with TVA to sell the equipment the company used to build the Sequoyah Nuclear Plant.

“We were one of the first companies after 9/11 to hold a live auction at an active nuclear plant,” Paige says.

Word spread quickly, and each year since 2010, Compass has not just doubled the amount of business it’s doing but also grown in size. What began at a kitchen table now includes a 50,000 square-foot warehouse in Chattanooga, additional locations in Lebanon, Nashville and Western Kentucky plus a small but productive staff.

With its focus on government surplus, heavy equipment, vehicles and land, Compass owns the bragging rights to several major transactions, including the auctioning off of a state-owned property on James Robertson Parkway in downtown Nashville for $8.9 million.

Compass also unloaded Stein Construction’s fleet of excavators, dozers, backhoes, trucks and other equipment as the Chattanooga builder closed its doors after 105 years in business.

That project, however, was a cakewalk compared to the time the company emptied a packed 82,000-square-foot warehouse in Atlanta in two days.

Along the way, Compass has often had to innovate on the fly. When faced with the prospect of auctioning off and moving a 60-ton vertical mill, for example, Paige and her team commissioned a 30-ton crane with overhead rigging to remove it and place it on the transport.

Then there were the trains Paige auctioned off. “I don’t wake up every morning and say, ‘I’m going to auction off a locomotive today,’” she offers, “but that happened.”

The next day, Paige auctioned off two locomotives.

“We experience something new every day, so every day is a new adventure,” Paige adds. “It gets me up in the morning and keeps me motivated.”

Compass was also one of the first auction companies in the Southeast to do live webcasts with online bidding, which broadened their geographic reach and enabled them to sell hundreds of lots during a single auction.

A woman in a man’s world

As each new building block in Paige and Steve’s business was cemented into place, one thing became more and more apparent: Paige was operating in what has traditionally been a man’s world – a realm of industrial tools, big machines and egos to match.

“A lot of people think of an auctioneer as a man,” Paige says. “Only 16 percent of the auctioneers who belong to the National Auctioneers Association are women. In the areas of government and industrial surplus, it’s even less than that. “That makes it difficult for women to break into this industry.”

Even though the odds were against her, Paige has broken through her industry’s glass ceiling to become not only a successful female auctioneer but the owner of the only Women’s Business Enterprise certified woman-owned real estate auction entity in Tennessee.

Regardless, Paige has encountered skepticism from male clients, who are generally unaccustomed to doing business with a woman. On one occasion, a client at a farmer’s auction was selling a large piece of equipment he was certain would fetch the full retail price, despite the item being heavily used.

“People sometimes become attached to their belongings, and the perceived value versus the actual value differs,” Paige explains.

As Paige tried to correct the man, he continually talked over her and brushed her aside. The issue was not chauvinism, Paige says, but his lack of experience with female auctioneers.

“A lot of people look at me and assume I don’t know anything because I’m short, blonde and have a Southern accent,” Paige acknowledges. “I overcome those misconceptions by educating myself and then winning people over.”

As the auctioneer, Paige had done her homework and was prepared to talk knowledgeably about the equipment. But instead of asserting herself in an aggressive manner, she simply stepped up and presented the facts:

“Gentlemen, this is a D8 crawler with an S-Blade and Ripper,” she said. “The dozer undercarriage is at 30 percent and the track is at 50 percent, so it’s not going to bring in $50,000. This is a $22,000 piece of equipment.”

Thank you, ladies and gentleman, and goodnight.

After Paige explained the value of the equipment based on its specs and condition, the man’s attitude did a one-eighty. “It’s about integrity and education,” Paige continues. “Ever since he saw that I’m capable and experienced, we’ve had a great working relationship.’’

It also helped that the piece of equipment sold for precisely what Paige predicted.

“I don’t beat around the bush,” she says. “You probably won’t like some of the things I say, but you’ll appreciate them when you’re on the other side of an auction because they’re going to save you a lot of headaches.”

Steve says that while the auction industry has been a man’s world, the advent of online auctions has allowed more women to become a part of the industry and impact it in positive ways.

“Our industry has become softer and more informative because women are more detail-oriented than men,” he adds.

By “softer,” Steve does not mean “less skilled.” An award-winning auctioneer, he rates his wife higher as an auctioneer than she rates herself. “Paige has more talent than she knows,” he says.

Paige has proven her mettle on the block, and not just by selling locomotives. Having her available for auctions has allowed Compass to make considerable headway into the charity world.

Paige enjoys serving as an auctioneer at fundraisers. “I like helping them raise more money,” she says. “Some charities work for a year or more to plan for one night, and then they hire a local celebrity to handle the bidding for their auction. While it’s great to have a celebrity on stage, an auctioneer is the one person who has the ability to bring in more revenue.”

Paige isn’t joking about being able to use her auctioneering skills to raise money for a nonprofit. Once, while handling the bidding for a March of Dimes fundraiser, she passed a hat and around the room and had everyone drop in a little cash. Paige then auctioned off the hat, convinced the winner to donate it back to March of Dimes and then sold it again.

She had re-sold the hat several times during the auction and raised an extra $16,000.

Paige is proud of what she’s accomplished with Compass, not because it elevates her in the eyes of others but because she’s thrilled to be paving the pathway for more women to enter the auction industry.

“Women are learning that they don’t have to go into the medical, banking, or legal field to be successful,” she points out. “They can make something of themselves outside of the traditional sphere of job offers. That’s exciting.”

Life before Compass

Paige may have grown up to be a trailblazer, but there was nothing extraordinary about her childhood, although it did provide her with a rich tapestry of good memories.

Paige was born and raised in Bledsoe County, which she describes as “a beautiful place with many great people.”

“We would wander through town, ride bicycles through the neighborhoods, or ride motorcycles on our grandparents’ farm,” she remembers. “If we ever stepped out of line, our parents knew about it before we made it home.”

Family time consisted of trail rides, four-wheeling through the mountains and bonfires. Paige never thought about how she enjoyed the things boys typically did; she just jumped in and had fun.

Paige’s first memories of the auction world are tied to her grandparents, who took her to the stockyard auctions when she was 4. She remembers loving the fried apple pies and fresh pork rinds.

The entrepreneurial spirit ran as deep through her family as the waters that ran through Fall Creek Falls, where she and her siblings would swim in the summer. Paige’s parents owned convenience stores, beauty shops, car dealerships and more, and aunts and uncles on both sides of her family ran auction firms.

Paige’s parents expected her to contribute to the family businesses. “I had to work when I was younger,” she recalls. “That instilled a strong work ethic in me.”

After graduating from high school, Paige entered the paralegal program at Chattanooga State in the hopes of finding work within the “traditional sphere of job offers” for women. Then, not long before she had earned enough credits to graduate, she took a life-changing trip to Colorado.

Paige didn’t know she was about to take a hard right turn in life as she headed west; she was simply going to visit friends. But once there, she loved it enough to stay.

“I was 21 and ready for a change. I had an adventurous spirit and I wanted to see and experience something different,” she recounts. “So, I called my mom and said, ‘I have an apartment. Would you bring my car to me?’ I wasn’t afraid to hit the gas and go.”

After recovering from the shock, Paige’s mom drove her daughter’s car to Colorado. Then the pair hit the local thrift shops and auction houses to furnish Paige’s apartment.

A month to the day after Paige arrived in Colorado, she purchased a carved ivory side table with a glass top at an auction house. But that’s not the only thing she picked up; that was also the day she met Steve.

“Mom kept elbowing me in the ribs and telling me he was cute. I was looking for a job, so she asked him if he knew anyone, and he asked for my phone number,” Paige adds. “We got married one year later.”

Since nearly none of the credits Paige had earned at Chattanooga State would transfer to a Colorado school, she skipped finishing her degree and went to work.

After leasing apartments for a short time, she took a job with the district attorney in Colorado Springs, then the entrepreneurial bug bit her and she started providing concessions for auction houses.

As Paige and Steve settled into their life together, their entrepreneurial ambitions grew. Paige went from running a concessions business to launching a real estate investment company with her husband. She and Steve then opened a powersport and tractor dealership.

The couple also had three kids. When they moved to Tennessee in 2007 to be close to Paige’s family, they brought the real estate investment company with them.

After taking a few years to settle into their new life, Paige and Steve sat down at their kitchen table and founded Compass. She became the majority owner with 51 percent of the company, while Steve received the remaining 49 percent, making Compass a rare breed in the auction world.

Life today

While Paige has the strength and fortitude of a pioneer woman, she still struggles with the same issues other business owners face.

In addition to managing a company, Paige has maintained a household and raised three kids, often on her own. “Steve is gone 75 percent of the time,” she estimates. “He did 172 auctions last year – while we had an active business and three kids in school.”

With this in mind, Paige says the biggest obstacle she’s encountered hasn’t been gaining respect of her male peers but finding a balance between running a growing company and taking care of her family.

“That’s been hard,” she says, her face tightening slightly. “I’ve discovered that achieving a balance is a myth. Most days, it’s about surviving the chaos.”

Paige wouldn’t trade the chaos for an easier life, though. To do that, she would have to discard a big part of who she’s become. “Compass is not just a job or business to us; it’s a lifestyle. We eat, sleep and breathe for our industry and truly invest our whole selves in it.”

Steve is proud of Paige and even more impressed with her today than he was the day she walked into his auction and made him fumble his words. Without dropping any syllables, he describes her as being “dedicated to her staff, committed to her clients and tenacious in all things.”

Steve adds her greatest asset, however, is her flexibility. “When we did the auctions in Soddy, she would come out in mud boots, a ball cap and a pair of jeans,” he recalls. “She still does that today, then she changes into a dress and goes to a benefit auction. She’ll get in the mud with us and then be the belle of the ball.”

Paige is simply pleased to be living a life that’s unique and offers value to others. “I’m proud to be a woman auctioneer,” she says. “It takes a certain amount of wherewithal to go to toe-to-toe with the major players in the industry, but I have a job to do, and if I’m not capable of doing it, then I’m not going to move forward and neither is this company.”

And neither, some might argue, would her industry.

 

Hamilton County Herald – A match made on the auction block

A match made on the auction block

Holt’s quest for bargain furniture leads to love, thriving business

Steve Holt was calling an auction in Colorado Springs in 1992 when he spotted a woman unlike any he’d ever seen.

A well-fed Colorado boy raised in the auction business, Holt stood tall on the block as he sold furniture to the highest bidders. Accustomed to cowboy hats, belt buckles and starched jeans, when he saw the young lady with the big hair, make-up and bedazzle, he fumbled his words.

“The only time I became tongue-tied while doing an auction was when that Southern belle walked in,” Holt says.

The Southern belle was Paige Hutcheson, a 21-year-old spitfire from Tennessee. A recent transplant to Colorado Springs, she was there to buy furniture for her new apartment. But when she walked into the auction house, she found love, as well.

Today, the former Miss Hutcheson is Paige Holt, wife and mother of three. She’s also the majority owner of Compass Auctions & Real Estate, a regional company headquartered in Chattanooga.

It’s a job that keeps Paige busy, to put it lightly. “I’m not familiar with the 40-hour work week,” she explains. Her phone dings, announcing the arrival of text message number 17,001. (This is no exaggeration; there are over 17,000 texts on her phone.)

Paige is, however, familiar with the ins and outs of running an auction company – and it involves more than standing on the block and calling for bids.

“Auctioneering is a true profession. You’re dealing with people’s assets, and you have a responsibility to manage them appropriately,” she says. “Then you have the back end, which is accounting, marketing, booking the labor and so on.”

As an auctioneer, Paige also works with bankers, attorneys and government entities daily. “Then I’ll be helping a family that’s mourning a heart-breaking loss, so I deal with a broad spectrum of people with different needs,” she adds.

All of this might sound par for the course for the owner of an auction company, but Compass is no ordinary auction firm.

Paige and Steve formed Compass in 2010 at their kitchen table. They held their first auction – a consignment auction for heavy equipment – in a rain-soaked field in Soddy Daisy. “We decided to roll it out and put it in God’s hands,” Paige remembers.

The auction went well. Afterward, Paige and her husband realized they had stumbled onto a niche market and started working to develop it. Thirty days after their maiden auction in Soddy Daisy, they landed a contract with TVA to sell the equipment the company used to build the Sequoyah Nuclear Plant.

“We were one of the first companies after 9/11 to hold a live auction at an active nuclear plant,” Paige says.

Word spread quickly, and each year since 2010, Compass has not just doubled the amount of business it’s doing but also grown in size. What began at a kitchen table now includes a 50,000 square-foot warehouse in Chattanooga, additional locations in Lebanon, Nashville and Western Kentucky plus a small but productive staff.

With its focus on government surplus, heavy equipment, vehicles and land, Compass owns the bragging rights to several major transactions, including the auctioning off of a state-owned property on James Robertson Parkway in downtown Nashville for $8.9 million.

Compass also unloaded Stein Construction’s fleet of excavators, dozers, backhoes, trucks and other equipment as the Chattanooga builder closed its doors after 105 years in business.

That project, however, was a cakewalk compared to the time the company emptied a packed 82,000-square-foot warehouse in Atlanta in two days.

Along the way, Compass has often had to innovate on the fly. When faced with the prospect of auctioning off and moving a 60-ton vertical mill, for example, Paige and her team commissioned a 30-ton crane with overhead rigging to remove it and place it on the transport.

Then there were the trains Paige auctioned off. “I don’t wake up every morning and say, ‘I’m going to auction off a locomotive today,’” she offers, “but that happened.”

The next day, Paige auctioned off two locomotives.

“We experience something new every day, so every day is a new adventure,” Paige adds. “It gets me up in the morning and keeps me motivated.”

Compass was also one of the first auction companies in the Southeast to do live webcasts with online bidding, which broadened their geographic reach and enabled them to sell hundreds of lots during a single auction.

A woman in a man’s world

As each new building block in Paige and Steve’s business was cemented into place, one thing became more and more apparent: Paige was operating in what has traditionally been a man’s world – a realm of industrial tools, big machines and egos to match.

“A lot of people think of an auctioneer as a man,” Paige says. “Only 16 percent of the auctioneers who belong to the National Auctioneers Association are women. In the areas of government and industrial surplus, it’s even less than that. “That makes it difficult for women to break into this industry.”

Even though the odds were against her, Paige has broken through her industry’s glass ceiling to become not only a successful female auctioneer but the owner of the only Women’s Business Enterprise certified woman-owned real estate auction entity in Tennessee.

Regardless, Paige has encountered skepticism from male clients, who are generally unaccustomed to doing business with a woman. On one occasion, a client at a farmer’s auction was selling a large piece of equipment he was certain would fetch the full retail price, despite the item being heavily used.

“People sometimes become attached to their belongings, and the perceived value versus the actual value differs,” Paige explains.

As Paige tried to correct the man, he continually talked over her and brushed her aside. The issue was not chauvinism, Paige says, but his lack of experience with female auctioneers.

“A lot of people look at me and assume I don’t know anything because I’m short, blonde and have a Southern accent,” Paige acknowledges. “I overcome those misconceptions by educating myself and then winning people over.”

As the auctioneer, Paige had done her homework and was prepared to talk knowledgeably about the equipment. But instead of asserting herself in an aggressive manner, she simply stepped up and presented the facts:

“Gentlemen, this is a D8 crawler with an S-Blade and Ripper,” she said. “The dozer undercarriage is at 30 percent and the track is at 50 percent, so it’s not going to bring in $50,000. This is a $22,000 piece of equipment.”

Thank you, ladies and gentleman, and goodnight.

After Paige explained the value of the equipment based on its specs and condition, the man’s attitude did a one-eighty. “It’s about integrity and education,” Paige continues. “Ever since he saw that I’m capable and experienced, we’ve had a great working relationship.’’

It also helped that the piece of equipment sold for precisely what Paige predicted.

“I don’t beat around the bush,” she says. “You probably won’t like some of the things I say, but you’ll appreciate them when you’re on the other side of an auction because they’re going to save you a lot of headaches.”

Steve says that while the auction industry has been a man’s world, the advent of online auctions has allowed more women to become a part of the industry and impact it in positive ways.

“Our industry has become softer and more informative because women are more detail-oriented than men,” he adds.

By “softer,” Steve does not mean “less skilled.” An award-winning auctioneer, he rates his wife higher as an auctioneer than she rates herself. “Paige has more talent than she knows,” he says.

Paige has proven her mettle on the block, and not just by selling locomotives. Having her available for auctions has allowed Compass to make considerable headway into the charity world.

Paige enjoys serving as an auctioneer at fundraisers. “I like helping them raise more money,” she says. “Some charities work for a year or more to plan for one night, and then they hire a local celebrity to handle the bidding for their auction. While it’s great to have a celebrity on stage, an auctioneer is the one person who has the ability to bring in more revenue.”

Paige isn’t joking about being able to use her auctioneering skills to raise money for a nonprofit. Once, while handling the bidding for a March of Dimes fundraiser, she passed a hat and around the room and had everyone drop in a little cash. Paige then auctioned off the hat, convinced the winner to donate it back to March of Dimes and then sold it again.

She had re-sold the hat several times during the auction and raised an extra $16,000.

Paige is proud of what she’s accomplished with Compass, not because it elevates her in the eyes of others but because she’s thrilled to be paving the pathway for more women to enter the auction industry.

“Women are learning that they don’t have to go into the medical, banking, or legal field to be successful,” she points out. “They can make something of themselves outside of the traditional sphere of job offers. That’s exciting.”

Life before Compass

Paige may have grown up to be a trailblazer, but there was nothing extraordinary about her childhood, although it did provide her with a rich tapestry of good memories.

Paige was born and raised in Bledsoe County, which she describes as “a beautiful place with many great people.”

“We would wander through town, ride bicycles through the neighborhoods, or ride motorcycles on our grandparents’ farm,” she remembers. “If we ever stepped out of line, our parents knew about it before we made it home.”

Family time consisted of trail rides, four-wheeling through the mountains and bonfires. Paige never thought about how she enjoyed the things boys typically did; she just jumped in and had fun.

Paige’s first memories of the auction world are tied to her grandparents, who took her to the stockyard auctions when she was 4. She remembers loving the fried apple pies and fresh pork rinds.

The entrepreneurial spirit ran as deep through her family as the waters that ran through Fall Creek Falls, where she and her siblings would swim in the summer. Paige’s parents owned convenience stores, beauty shops, car dealerships and more, and aunts and uncles on both sides of her family ran auction firms.

Paige’s parents expected her to contribute to the family businesses. “I had to work when I was younger,” she recalls. “That instilled a strong work ethic in me.”

After graduating from high school, Paige entered the paralegal program at Chattanooga State in the hopes of finding work within the “traditional sphere of job offers” for women. Then, not long before she had earned enough credits to graduate, she took a life-changing trip to Colorado.

Paige didn’t know she was about to take a hard right turn in life as she headed west; she was simply going to visit friends. But once there, she loved it enough to stay.

“I was 21 and ready for a change. I had an adventurous spirit and I wanted to see and experience something different,” she recounts. “So, I called my mom and said, ‘I have an apartment. Would you bring my car to me?’ I wasn’t afraid to hit the gas and go.”

After recovering from the shock, Paige’s mom drove her daughter’s car to Colorado. Then the pair hit the local thrift shops and auction houses to furnish Paige’s apartment.

A month to the day after Paige arrived in Colorado, she purchased a carved ivory side table with a glass top at an auction house. But that’s not the only thing she picked up; that was also the day she met Steve.

“Mom kept elbowing me in the ribs and telling me he was cute. I was looking for a job, so she asked him if he knew anyone, and he asked for my phone number,” Paige adds. “We got married one year later.”

Since nearly none of the credits Paige had earned at Chattanooga State would transfer to a Colorado school, she skipped finishing her degree and went to work.

After leasing apartments for a short time, she took a job with the district attorney in Colorado Springs, then the entrepreneurial bug bit her and she started providing concessions for auction houses.

As Paige and Steve settled into their life together, their entrepreneurial ambitions grew. Paige went from running a concessions business to launching a real estate investment company with her husband. She and Steve then opened a powersport and tractor dealership.

The couple also had three kids. When they moved to Tennessee in 2007 to be close to Paige’s family, they brought the real estate investment company with them.

After taking a few years to settle into their new life, Paige and Steve sat down at their kitchen table and founded Compass. She became the majority owner with 51 percent of the company, while Steve received the remaining 49 percent, making Compass a rare breed in the auction world.

Life today

While Paige has the strength and fortitude of a pioneer woman, she still struggles with the same issues other business owners face.

In addition to managing a company, Paige has maintained a household and raised three kids, often on her own. “Steve is gone 75 percent of the time,” she estimates. “He did 172 auctions last year – while we had an active business and three kids in school.”

With this in mind, Paige says the biggest obstacle she’s encountered hasn’t been gaining respect of her male peers but finding a balance between running a growing company and taking care of her family.

“That’s been hard,” she says, her face tightening slightly. “I’ve discovered that achieving a balance is a myth. Most days, it’s about surviving the chaos.”

Paige wouldn’t trade the chaos for an easier life, though. To do that, she would have to discard a big part of who she’s become. “Compass is not just a job or business to us; it’s a lifestyle. We eat, sleep and breathe for our industry and truly invest our whole selves in it.”

Steve is proud of Paige and even more impressed with her today than he was the day she walked into his auction and made him fumble his words. Without dropping any syllables, he describes her as being “dedicated to her staff, committed to her clients and tenacious in all things.”

Steve adds her greatest asset, however, is her flexibility. “When we did the auctions in Soddy, she would come out in mud boots, a ball cap and a pair of jeans,” he recalls. “She still does that today, then she changes into a dress and goes to a benefit auction. She’ll get in the mud with us and then be the belle of the ball.”

Paige is simply pleased to be living a life that’s unique and offers value to others. “I’m proud to be a woman auctioneer,” she says. “It takes a certain amount of wherewithal to go to toe-to-toe with the major players in the industry, but I have a job to do, and if I’m not capable of doing it, then I’m not going to move forward and neither is this company.”

And neither, some might argue, would her industry.

 

Compass Auctions & Real Estate | City of Chattanooga Tram Auction | SoldonCompass.com

WRCBtv.com | Chattanooga News, Weather

 

The Compass Auctions & Real Estate exclusive SIPP© Program was used to assist the City of Chattanooga in the process of offering the Incline/Tram for sale @ auction.

The tram is functional but has been closed due to certification requirements and needs to be replaced with another option that will better suit the needs for the City of Chattanooga and their exceptional waterfront and tourism efforts.

Since installation the tram has required continued operational efforts and certification requirements that exceed its current usage. So with that considered and the City of Chattanooga’s conscious efforts to return renewable funds to the City budget the item was listed for sale with Compass Auctions and listed for auction.

While a minimum amount offer has been placed on the auction sales the tram is currently under review for the bid offer of $9,000.00. With the purchase of the tram the buyer will be required to submit a safe removal plan as well as rigging fees and transportation costs to their site. The bid is currently pending approval and the results are expected within a approx. a week. If the offer is not accepted the item will be relisted for sale and will be offered once again for purchase. If you would like further information about this item or other upcoming auctions please contact info@soldoncompass.com we provide a positive and professional  sale environment for our clients and buyers. Going above expectations Team Compass “Makes It Happen”!

Compass hosts monthly online webcast auctions which runs in conjunction with our exclusive SIPP© Sell In Place Program that offers clients the ability to list their items for sale @ auction or private treaty without the hassle and expense of moving them to a sale yard, paying rigging and transportation costs which for some items is cost prohibitive and creates additional strain on staff and surplus asset managers.

Compass handles the projects start to finish. Communications, images, marketing, sale transactions of the items, comprehensive reporting, and transportation coordination. If you would like more information about SIPP© or listing items or real estate contact a Compass Auctions Team Member near you.

Chattanooga Corporate: 423-702-6180

Nashville

Lebanon

Columbia

Kentucky

The entire Southeast and Nationwide – Using Compass points you in the right direction!

SoldonCompass.com (website)

info@soldoncompass.com (email)

423-702-6180 (phone)

 

HELP WANTED – COMPASS IS GROWING! POSITIONS AVAILABLE – Admin Assistant & Auction Setup Team Members

We are seeking applicants for the following positions

Administrative Assistant & General Labor/Auction Setup Team Members

Featured Image

Administrative Assistant Needed…

Seeking Administrative Assistant for rapidly growing auction and real estate company. Will work with various team members and departments. Offices in Chattanooga and Nashville with some travel necessary. Candidates should be familiar with Microsoft Office, able to answer phones, create reports, data entry, Adobe Creative Suite a +. Mon-Fri 8 – 5 with some Saturdays.

Please e-mail resumé to info@SoldonCompass.com in pdf or doc format.

 

General Labor \ Auction Setup & Staging Team Members

A multi-state Auction & Real Estate company is seeking auction setup, staging and inventory data entry Team members for our Chattanooga, TN location.

Requirements:

  • Must be capable of lifting 50-75#’s
  • Forklift and large equipment experience an A+
  • Knowledge of power tools and large equip. preferred
  • High school diploma or equivalent
  • Reliable transportation is required
  • Capable of working outside and warehouse settings
  • Must be organized and Reliable

 

Send resumes to: info@soldoncompass.com

COMPASS AUCTIONS TO CONDUCT TVA WATTS BAR SURPLUS AUCTION

Compass Auctions to Conduct TVA Watts Bar Surplus Auction

The Team at Compass Auctions & Real Estate is pleased to announce the TVA Watts Bar Surplus Auction scheduled for December 6th, 2014.

This will be the first of four scheduled auctions for the TVA Watts Bar Nuclear site. This liquidation will include tens of millions of dollars in surplus tools, heavy equipment, steel, office trailers and much more. Over 600 lots of new and used items will be sold to the public on December 6th both live and online through simulcast bidding.

A partial list of items to be sold include:

  • Caterpillar Equipment
  • Milwaukee Tools
  • Dewalt Tools
  • Proto Tools
  • Single wide, Double wide & Triple Wide Mobile Office Trailers
  • Structural & Steel Piping
  • Much, Much More!!!

Be sure to visit SoldOnCompass.com for additional details!  Bring your trucks and trailers and we will see you at the auction on December 6th, 2014!

 

 

 

 

 

 

 

Justin Ochs, M.S., CAI
Principal Broker/Auctioneer
Compass Auctions & Real Estate
Nashville Division

 

COMPASS REAL ESTATE SELLS ZIPS GAS STATION FOR $1.31 MILLION

Compass Real Estate Sells Zips Gas Station for $1.31 Million

Lebanon, TN (4/29/2014) – Compass Real Estate is excited to announce the closing of the Zips Gas Station located at 1137 Castle Heights Ave in Lebanon, TN.  This property is one of more than 25 properties entrusted to Compass Real Estate to list for sell on behalf of the Federal Deposit Insurance Corporation (FDIC).  Compass Real Estate, with offices both in Chattanooga and Nashville, works in association with The Swicegood Group, Inc. of North Carolina to assist in the disposition of FDIC-owned real estate nationwide.

This gas station was assigned to FDIC Project Manager Justin Ochs, Principal Broker/Lead Auctioneer for Compass’s Nashville Division.  Justin quickly resourced Compass’s extensive database of national and international buyers.  Within 30 days and before a list price could be issued by FDIC, Justin brought 5 competing buyers to the table.  A final call for highest and best offers was issued as soon as the list price was announced in early December.

Built in 2001, Zips Gas Station offers the perfect location placed at the corner of N. Castle Heights Ave and N. Cumberland St.  The convenience store encompasses 6,649 +/- square feet of gross building area with an automated carwash and 14 covered gas pumps.  The location, high traffic area, and array of income producing amenities made this gas station an easy buying decision for interested parties.

This property was listed and sold by Team Compass for $1,310,000.00.  FDIC Officers and asset managers have been extremely pleased with the performance of properties listed across the state of Tennessee by Team Compass.

Justin Ochs, M.S., CAI
Principal Broker/Auctioneer
Compass Auctions & Real Estate
Nashville Division
TennesseeAuctioneer.com
“Choosing the right company to handle your auction often makes the difference. With a passion for excellence and extraordinary performance, Compass Auctions & Real Estate works to secure the highest dollar for your assets”

Harley Davidson of Columbia and Compass Auctions Presents Annual Farm & Equipment Auction

Harley Davidson of Columbia and Compass Auctions & Real Estate Presents Annual Farm & Equipment Auction

Consignments will be accepted for this auction event located at 1616 Harley Davidson Blvd. Columbia, Tennessee

Consignment Check In Begins:

Monday 4/21/2014 @ 9:00 am CST

Compass Auctions & Real Estate - Harley Davidson of Columbia - Auction

Compass Auctions & Real Estate – Harley Davidson of Columbia – Auction

Current Featured Items Include:

Tools – Welders – Gang Boxes – Trucks – Trailers – Tractors – Lawn Equipment – Chain Hoists – Farm & Skidsteer Implements – ATV’s – UTV’s – Generators & So Much More

Compass Auctions & Harley Davidson of Columbia bring a one of a kind auction approach to the Columbia Tennessee area. This exciting auction venue will offer a great opportunity for individuals, farms, construction and municipalities in the area to have a  reliable approach of selling their surplus equipment.

Compass Auctions & Real Estate is well recognized as an auction industry leader in the southeast and nationally for providing exceptional service and providing multiple auction platforms for sellers. Compass offers a host of options when it comes to selling items including, online auctions every month, live auction events, and live auctions combined with  live simulcast bidding around the world that bidders can access and bid live as if they were attending the auction in person. Compass Auctioneers travel the nation and conduct auctions for companies such as TVA, City of Chattanooga, Mecum Classic Car Auction, National Powersports, Barrett Jackson and the company’s professionals have earned a host of accolades as well as holding four Tennessee Auctioneers Association Board Member positions.

Quality, Reliability, Professionalism and Integrity have been the foundational basis of Compass Auctions & Real Estate. The Harley Davidson of Columbia location auction will be the first of it’s kind in the area and will provide a centralized location that sellers can feel confident in having the highest exposure possible to showcase their items providing a high level of sales success. When this location was first considered Compass Auctions & Real Estate president Paige Holt, stated “This location offers a unique advantage to sellers because of the high traffic area and the prominence associated with Harley Davidson of Columbia, this will be the first auction event of its kind in this area and Compass is excited to establish a new auction site and work towards growing the equipment auction event, which keeps sellers in the area from having to haul their items and equipment for long distances, we believe that this is a step in the right direction and look forward to working with customers in the area, with community and customer support this can be a great opportunity for everyone involved, most of all we look forward to meeting new people and establishing great new relationships “.

If you are thinking that you would like to consign an item to this auction you can contact the Compass Auctions & Real Estate offices direct at 423-702-6180 or email info@soldoncompass.com. The auction consignment coordinator will be onsite starting Monday April, 20th at 9:00 am CST.

Compass Real Estate Sells Thompson’s Station Office Building for $1.9 Million

Compass Real Estate Sells Thompson’s Station Office Building for $1.9 Million

Compass Real Estate Sells Thompson’s Station Office Building for $1.9 Million.

 

 

Compass Real Estate is pleased to announce the official closing of the office building located at 4715 Traders Way in Thompson’s Station, Tennessee.  This property was just one of a total of 26 properties listed by Compass Real Estate on behalf of the Federal Deposit Insurance Corporation (FDIC).  Compass works in cooperation with Kyle Swicegood, with The Swicegood Group Inc., to manage the sale of FDIC real estate across the United States.

The building itself encompassed nearly 18,000 square feet on 5.08 acres.  The building is an income producing property that is partially leased by Trans Canada.

The project was assigned to Justin Ochs, Principal Broker for Compass Real Estate‘s Nashville Division.  Justin quickly resourced the national buyer/investor contact base of Team Compass generating competitive bids on the property within 14 days of listing.

“We work very diligently to generate the highest offers possible for our real estate clients,” Ochs noted.  ”This particular asset had all

the right ingredients.  Curb appeal, income producing, and additional land.”

The property was listed and sold by Team Compass for $1.9 Million within 45 days.  FDIC asset managers are thoroughly pleased with the outcome of this property.  Currently, the FDIC has entrusted Compass Real Estate with the listing of 25 other properties across the state of Tennessee.  Be sure to visit www.SoldonCompass.com for information on these assets.

 

Justin Ochs, M.S., CAI
Principal Broker/Auctioneer
Compass Auctions & Real Estate
Nashville Division
TennesseeAuctioneer.com
“Choosing the right company to handle your auction often makes the difference. With a passion for excellence and extraordinary performance, Compass Auctions & Real Estate works to secure the highest dollar for your assets”

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Greater Nashville Home Sales Continue to Increase

Greater Nashville Home Sales Continue to Increase

GREATER NASHVILLE HOME SALES CONTINUE TO INCREASE
Published by the Greater Nashville Association of Realtors
NASHVILLE, Tenn. (March 6, 2014) – There were1,857 home closings reported for the month of February, according to figures provided by the Greater Nashville Association of REALTORS ®. This represents an increase of 4 percent from the 1,784 closings reported in February 2013. Year-to-date closings through February 2014 are 3,636, a 6.8 percent increase from the 3,418 closings reported through February 2013.
“The home sales data for February indicates the market is remaining stable, both in growth and in sales price compared to last year,” said GNAR President Hagan Stone. “As the weather turns warmer and we enter the official spring buying and selling season, we hope to see the same sustainability we’ve experienced over the past few months. “However, while the current trends remain positive, it is important that we begin to focus on keeping our city and region vibrant and attractive to businesses by implementing some long-term planning.”
A comparison of sales by category is:
February 2013 February 2014
CLOSINGS
1,784 1,857
Residential 1,481 1,509
Condominium 180 216
Multi-Family 24 15
Farms/Land/Lots 99
117
There were 2,221 sales pending at the end of the month, compared with 2,269 pending sales at this time last year. The average number of days on the market for a single-family home was 78 days.
The median residential price for a single-family home during February was $189,000, and for a condominium it was $165,000. This compares with median residential and condominium prices of $175,000 and $138,473, respectively, at this time last year.
Inventory at the end of February was 14,129, down from 15,651 in February 2013. The current inventory of properties by category, compared to last year, is:
February 2013
February 2014
INVENTORY 15,651 14,129
Residential 9,491 8,717
Condominium 1,223 1,054
Multi-Family 213 149
Farms/Land/Lots 4,724 4,209
“Though still down from a year ago, inventory is increasing,” added Stone. “And with more people considering putting their homes on the market, it is important for sellers to understand that buyers are expecting homes to be market ready and priced correctly in order to seriously consider a purchase. If you plan to buy a home or put yours on the market, working with a Realtor is the first step in the right direction.”
The Greater Nashville Association of REALTORS® is one of Middle Tennessee’s largest professional trade associations and serves as the primary voice for Nashville-area property owners.  REALTOR® is a registered trademark that may be used only by real estate professionals who are members of the National Association of Realtors and subscribe to its strict code of ethics.

Justin Ochs, M.S., CAI
Principal Broker/Auctioneer
Compass Auctions & Real Estate
Nashville Division
TennesseeAuctioneer.com
“Choosing the right company to handle your auction often makes the difference. With a passion for excellence and extraordinary performance, Compass Auctions & Real Estate works to secure the highest dollar for your assets”

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820 Pallets Loaded and Shipped by Team Compass in One Week! Making It Happen!

pallets

 With a Mega auction comes a Mega load out!

The Compass Auctions team dispersed 820 pallets to multiple carriers across the nation this week after the completion of a 2 day Mega Auction event.  Team Compass staff coordinates all loading and shipping giving buyers a piece of mind when it comes to receiving their products that they have purchased during a Compass Auction event.

Just one more way that Team Compass services set our company apart.

Does your auction company provide that kind of service?

Start to Finish…Team Compass Delivers a Top Level Auction Experience!

pallet2

 info@SoldonCompass.com

423-702-6180