was
founded on honesty, integrity, and professionalism, and those
are the values we still practice in all of our auctions.
Selling real estate at auctions has become an important tool in
marketing properties. The traditional real estate auction
once was thought of as a "forced" or bankruptcy sale. In recent years, auction in many areas
has become the predominant method used to sell real estate,
regardless of the situation.
One reason for the growing trend in sellers going auction
versus listing is the auction generally takes less time, and as
in any business, “time is money”. The usual time frame for an
auction, from the day a decision is made to sell to the day of
the auction, is four to five weeks. This includes three to four
weeks of advertising, auction site preparation, open house and
title exams, etc.
Another advantage of selling at auction is that it generally
brings the procrastinating buyers to the forefront and helps
them to make their decisions, thus procuring a quicker sale. A
few questions to ask if you are a prospective seller are:
- What are the commission rates?
-
What additional costs are to be expected?
-
Where will the property be advertised?
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Does the company offer a mailing list and website?
-
What are the positive and negatives of an absolute auction?
With reasonable commission rates and our many years of
combined experience, we conduct between 250-300 auctions
annually with a specialty in real estate. So, whether you’re
buying or selling, contact us today to discuss your auction
needs! If you would like to be put on our mailing list
simply click here to join our mailing list.
