Why are more and more sellers electing to utilize the auction method to sell real estate?
Buyers are required to bring substantial deposits to the auction and come ready to buy A quick sale reduces long-term carrying costs, including taxes, mortgage payments, insurance and maintenance expenses An auction guarantees that the property will be sold at true market value following an open and fair bidding process Auctions expose the property to a large number of pre-qualified prospects Auctions create competition among buyers. If many bidders like the property, an auction price can exceed the price of a negotiated sale Auctions attract buyers who are already pre-qualified for financing The seller knows exactly when the property will sell – i.e. there is a “date certain” of sale The property is sold in its “AS IS” condition. Thanks to Realty Corporation of America’s unique inspection service, the buyer is fully informed about the condition of the home – and the seller is not required to expend dollars making improvements to the property. The property benefits from customized, tar
Related Questions
- Why would a property successfully sell using the auction method if it did not sell using the traditional real estate listing method?
- Is auction a good method to sell investment or commercial real estate, or just estate homes?
- Why are more and more sellers electing to utilize the auction method to sell real estate?
