Why Should You Auction A House?

listing home

Benefits Of Auctions

  • Creates competition between buyers resulting in higher price
  • Creates a set sale date eliminating guess-work as to when a property will sell
  • Offers sellers an alternative marketing option
  • Exposes the property both locally and nationally
  • Typically requires buyer to pay both transfer taxes resulting in a 1% savings to seller.
  • Takes the seller out of the negotiation process and eliminates time consuming contingencies
  • Allows seller to free up capital on a timetable to his/her advantage
  • Auctions signs create attention and urgency for action
  • Properties are generally sold within 6 to 8 weeks of listing
  • A buyers down payment is 10% thus creating a bigger commitment
  • A seller knows exact date when the property will sell and when proceeds will be received
  • Allows seller to set terms and conditions of the sale
  • Eliminates high seller carrying cost such as interest, taxes, heat, sewer, water, maintenance, etc.
  • Brings interested buyers to a point of decision

Property Maintenance

Advantages of Listing

  • A buyer can be more creative with financing such as loans through VA, FHA, USDA, or other loans available through financial institutes
  • Sellers can pay up to 6% of the sale price to help buyers with closing cost, thus resulting in a higher price sale
  • Settlement dates can be negotiated to fit both the buyer and the seller’s needs
  • Contingencies can be set for both a buyer’s and seller’s advantage
  • Down payments can be negotiated to fit both a buyer’s and seller’s needs
  • Exposure in three Multi-Listing Services
  • Allows buyer’s to have a home inspection for any hidden defects, thus negotiating a higher sale price

FREE Email Signup
Receive Free Auction Alerts...Sent Right to Your Email Inbox!