In a buyer's market, the time your home spends on market typically goes up and the price you get for it will often go down. To combat these issues, auctioning will give you a definite timetable for selling your home and generate a form of natural competition among buyers on the auction date.
Sell Faster
When you auction your home, you specify an exact date in the future when your home will be sold. It could be 30, 60, 90, or 180 days depending your needs. Once the auction is over and your reserve price is met, you'll get a signed purchase and sale contract along with an earnest money check from the winning buyer. If the winning buyer doesn't offer enough to meet your reserve, you may reject their offer. We'll help you set a "Buy It Now" price that ANY buyer can pay before the auction happens should they wish to avoid having to compete with other buyers on auction day. So there is no downside risk to you, the home seller.
Sell for More Money
The auction process itself creates competition among home buyers. Auctions bring all interested parties together in one place at the same time for a single purpose - to find out who will pay the most for your home. Each bid by a buyer reinforces the value of your home to other buyers present and commits your buyers to their decision.
You, the Seller, Control the Terms of the Sale
First, we help you get a complete home inspection, termite letter, and talk about repairs (if any) that need to be done to your home. That way, buyers may bid on your home and buy it "as is" with full disclosure.
Next, we list your home in the Multiple Listing Service and feature it on this website. We will clearly tell agents and buyers that your home will be auctioned on a specific date in the future. Agents will bring their buyers to your home to preview it before the auction. We will provide those buyers with copies of home inspections and termite reports that you have already had done and the repairs you have made. That way, there is NO haggling over what is to be repaired that could jeapordize the sale of your home after the auction. All buyers must bring loan pre-approval letters to the auction or they will not be allowed to bid. By doing all this up front, it allows the home seller to control the process instead of the buyer.
If you're having doubts about whether your home would sell in today's market, please call us today and we'll answer any questions you might have about our unique auction process.
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