There are many wonderful advantages of selling your home at auction. Please remember that auctions are not just for foreclosure and short sale situations. Traditional sellers can capitalize on the auction method of sale, too. Moreover, add the auction method to a traditional Realtor’s sale plan and you have tremendous success. Below are a list of real estate auction benefits for sellers…
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- REAL BUYERS: Multiple qualified bidders the day of the Auction
- EASY CLOSE: A property sale with NO contingencies
- QUICK CLOSE: A 30-45 day close cycle is standard
- COMMITTED BUYERS: A 10% non-refundable down payment due the day of the sale
- LOWER COSTS: Less time and less money when selling a property
- FLEXIBLE COMMISSIONS: Commissions can be paid by the BUYER too. This is known as a "Buyers Premium." Commission fee splits are flexible. We can taylor a plan to benefit both the buyer and seller with respect to commission fees.
- ATTRACTS ATTENTION: Auction provides a catalyst to promote buyer interest
- SELLER CONTROL: The seller sets the terms of sale, not the buyer
EASY PROCESS: You do not manage the buyer - the process does.
- NO PRICE LIMIT: The Sale price can exceed the list price or opening bid. In other words, there is no limit on maximum sales price..
- FOCUS ON YOU: The market focus is on the seller’s property, not competing properties
- MARKET VALUE: An Auction shows the property’s true market value.
- REAL SALE: Auctions bring together serious buyers and sellers.
- A COMPLETE PROCESS: A 99% close ratio for all property sold at Absolute Auction
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