Real Estate Auctions Gain in Popularity ….Going Once, Going Twice, Sold
The Following blog was written by Greg Napier our Auctioneer.
Many people across the nation are choosing the “Auction ” method of selling their real estate because it’s not only effective but because auctions are public, open and exciting. They are the essence of what America and the free market are all about. Over 58 Billion dollars of real estate sold in 2007.
Auctions were once viewed as a ” last resort ” type of marketing, but no longer. Is our slowing real estate market helping to introduce this time tested marketing approach? You betcha! In fact many are choosing this method as their first approach at liquidating hard to value real estate. Tracts of land, luxury homes or the family home simply because time is money. One advantage to auctions is the turn around time. Auctions condense the six to nine month marketing plan into a 30 to 60 day program. So when time is a critical factor; an auction sale can be managed effectively unlike tradional real estate.
Why Sell at Auction….
* Sell Fast. Typicallythe entire marketing process is sixty days from start to closing. This can stop the “carry meter” much faster and with a greater degree of confidence.
* Creates a “Sense of Urgency” to buy and promotes competition that will produce the best and highest price. It establishes real market value. No more guesswork on the true value of your property.
* Property is sold “AS IS, WHERE IS” No warranties or repairs.
* Properties sold “NON CONTINGENT”, no subject to’s, close in 30 days.
* Zero commission to Seller.
Needless to say auctions are not for every Seller. I do believe that auctions are one of the most effective trends in real estate today. Call us to day to see if your property is suitable for sale at auction. Greg Napier 843 795 7810.
Why buy at Auction…
* Buyers set their own purchase price. Auctions work from the “bottom up” pricing philosophy. Instead of starting from the top, you start off from the lower price and work up. You pay only as much as you want.
* Purchase at fair market value. You know the value because others were willing to bid as well and wanted the property just one bid behind you.
* Eliminate lengthy negotiations and reduce time to purchase no back and forth no second guessing on whether or not there are other offers. When the auctioneer is finished , so is the sale. You bid, you buy, you close. Call us today to see if buying at auction would fit your real estate plans.
As the auctioneer I love what I do and always strive to achieve the highest return possible for my clients. I believe with my experience, integrity and my commitment to customer service I will be able to give you the facts in order for you to decide (whether buying or selling) if auctions will be beneficial to you. Greg Napier
Experience, Integrity.
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