Real estate auctions provide numerous advantages for Sellers. It’s the best way to take control of your listing and sell your property on your terms within your timeframe. Here are 14 real estate auction advantages for sellers that are worthy of consideration:
Accelerates sales - the property will usually be sold within five weeks of listing, and closed 30 days later thus reducing the time it is on the market.
A seller knows exactly when the property will sell and can move on with their life.
Offers the seller another option that will get attention from the marketplace in a new way.
Creates competition among buyers -- auction price can exceed the price of a negotiated sale. There is unlimited potential to the upside. An auction generates excitement and heightens buyer interest.
Exposes the property to a large number of pre-qualified prospects by requiring that potential buyers pre-qualify for loans.
Minimizes any faults with the property because they become less important when there are many people interested in the same house.
House sells “as is” without warranty and is not subject to inspection.
The contract typically includes a hefty deposit that minimizes buyer default and remunerates the seller if buyer does default secures contract.
Eliminates high seller carrying costs (such as interest, taxes, maintenance).
Auction brings interested buyers to a point of decision -- they must act now or lose an opportunity to purchase.
Auction is a true market forum -- the highest buyer pays the lowest price a seller will accept.
A seller sets the terms and conditions of the sale, maintains control of the property throughout the auction and actively participates in the sale process.
Auction takes the seller out of the negotiation process.
Auction is an aggressive marketing program that increases potential interest in and awareness of a property.
If you’d like a complimentary consultation to see how your property may benefit from the auction method of sale, I’d be delighted to be of assistance. I am part of a nationwide network of superb auction professionals. The auction-option may be the solution you’ve been looking for.
Broker / Owner Guerilla Realty and
Vice President Tranzon Fox Auctions
firstname.lastname@example.org / email@example.com