Auctions-These "EVENTS" are quickly growing in popularity, while conventional methods of selling real estate continue to dominate the national market. The stigma that real estate venues are only for "distressed" property sales is changing as more and more real estate sells at these occasions, at top market prices!
A good opportunity exists when a seller is SALE¬ minded, with the confidence that their property will bring a
fair market price. They should have a strong equity position in the property, want to avoid paying sales commissions and be time sensitive... requiring a timely sale that they control, so they don't have high carrying costs associated with the property.
Opportunity also exists when the real estate market and/or buyers are changing, where there is a limited supply of a particular property type with strong buyer demand (i.e... water-front property) or there is a flat or declining market with little buyer interest for conventional property sales.
Offering a property at these events creates a sense of urgency, bringing all interested parties together on one specified day. And this process of selling a property establishes its own sates price through competitive bidding.
All property sold in this manner is sold as-is, where-is on the sale day, with buyers questions answered from disclosures and reports provided prior to the sale... On the sale day, the property is sold with no contingencies, to a buyer who is pre-registered and pre-qualified...with certified funds for deposit in hand!
What other ways can you find and buy Foreclosures, besides Auctions?
6 REASONS WHY A REAL ESTATE AUCTION BENEFITS YOU AS A SELLER OR A BUYER!
These venues are NOW events, bringing together serious sellers and buyers.
2. No Contingencies
Inspections/ Reports are completed before the sale begins.
3. Quick Close
Typically, escrow closes within 30 days.
4. Market Value
They realize the property's true market value.
This even manages both buyer and seller and secures the purchase and close dates.
6. Fun Events
Generate heightened excitement, for seller AND buyer.