Why Sell Your Home By Auction??

  • Contract is final.
  • Get your money much quicker.
  • Presents you with a non-refundable deposit the day of the sale.
  • It motivates the seller.

                -Broker cannot tell seller when their house will sell. The auctioneer can.

  • At auction you can break it into smaller tracts.
  • Competitive bidding as opposed to one offer.
  • No ceiling, offer may be over listing price.
  • The following examples create competitive bidding:

                -Grandpa wants grandson next door.

                -Investor wants for resale.

                -Several others just want to buy.

  • Auctions spotlight your property. There are thousands of regular listings.
  • Quicker.
  • Definite that on a given date you are going to sell your home.
  • Eliminates carrying costs much faster.

                -Lingering mortgage payments.

                -Utilities.

                -Vandalism.

                -Upkeep.

  • Determines market price, no matter what appraisal says.
  • Causes people to react now!
  • Buyers like buying at auction, they can tell you what its worth.
  • Two types of Auctions:

                1) Absolute.

                2) Subject to owner confirmation.

  • People will go to an Auction Open House because they know it is going to sell at a certain date.
  • Proven way to sell property-growing nation wide.
  • Auctions are no longer just for liquidation or fire sales.
  • Auctions are gaining a very good reputation.
  • Rather than having 1-5 people trying to sell to, have 60-70 at an auction.
  • Auctions open up new people in the market place, lookers become buyers.