Selling a piece of property by auction is much different than traditional approaches to real estate sales. Auctions offer numerous benefits to buyers and sellers alike. Below is a list of why you should consider an auction as an alternative to selling your property.
“A call to action” that can’t be ignored or delayed if the buyer wants the property.
Generates Excitement and Energy
Generates excitement and energy, and encourages a climate of competition that tends to maximize the sale proceeds to the seller. Because of the auction format, it creates a great amount of interest and incentivizes buyers to pay the maximum amount that the market calls for.
Assures Fair Market Price
Assures fair market price through competitive bidding.
It's Quick & Efficient
Reduces marketing time and costs. Creating a Speedy Process and Quick Turnaround. An auction is immediate. It happens during a set time and is completed during that time. It is Quick & Efficient timeline. Holding onto a property can be costly. Selling your property via auction not only expedites the process, but the auction method also allow you to know the exact date of the sale. Sellers can avoid high carrying costs.
Comprehensive marketing. Part of conducting an auction is marketing it to the general public to get as many people there as possible. Auctioneers have comprehensive mailing lists they use to market their sales. They run advertisements, distribute fliers and more. They are marketing specialist.
Provides immediate confirmation of the sale with No negotiations. There is no haggling over price. The auction method is quick and efficient. When people bid, they make a commitment to buy the property at that price without discussion.
Weeds Out Less Serious Buyers
On the day of the sale, buyers come financially prepared to potentially own the property you are selling. The highest bidder is required to provide a deposit of 15% at the time of the sale. This nonrefundable deposit helps ensure the sale will go to settlement and weeds out less-serious buyers.
Competitive Bidding Potential
To help develop the potential for competitive bidding, we organize open house viewing days. These are short time slots which allow prospective buyers to come and look around the property, guided by a member of our auction team.
You work hard for your money, and we will work hard for your money, too.
Reach out to our team today and let us help you get started with your auction.