Property auctions are extremely exciting! Whether you're a buyer or seller they definitely have an "edge of the seat" quality to them.
(prHWY.com) May 28, 2012 - Florida, FL -- Florida, May 28, 2012 - Property auctions are extremely exciting! Whether you're a buyer or seller they definitely have an "edge of the seat" quality to them. As a seller auctions give you the opportunity to reach a whole new set of qualified house buyers. Read on to find out how to sell your home at a property auction. Or, if you're in a hurry read our top tips for selling property at auction.
Property auctions can give you a quick sale. A few private sellers like you, are choosing to sell through the sale room.
Reason? Well two reasons. There is a set timetable for the sale - 28 days or less. Ideal if you're looking to sell your house quick.
Also, in today's market, if the marketing is done correctly, you probably will get a good price. This partly explains the increasing number of properties being sold through the sale room - at ever higher prices.
Here you will find out precisely how to sell your house at auction:
- A short history of property auctions
- Which houses can sell well and why?
- Why to achieve a good price in the sale room
- How to use to your advantage to sell your house fast
- The advantages of selling through property auctions
- The risks of selling at auction
- How to control the risks
- How to choose an auction company
- How do property auctions work
- How to attract a bid on your house
- The main things to consider when selling property at auction
The first question to consider is if a property auction is the right place to sell your property. But before we dwell into that it's important to have some background on property types and who has been buying at auctions. The auction house scene has changed quite spectacularly in recent years.
The advantages of selling at a property auction
Speed
The timeframe is usually a lot shorter than for properties sold via estate agents. Perfect if you want to sell your house quickly.
Price
The format lets bidders drive up prices. Competitive bidding at a house auction for some types of property can achieve close to open market or may be better prices.
Integrity
You won't be messed around by buyers (or at least the possibility is extremely remote). There's no room for re-negotiation or gazumping. All this assumes a reasonable reserve and guide price. But more about that later.
The risks of selling at a house auction
The main risks associated with selling your house at a property auction can be summarised as:
* your property may not sell
* your buyer may fail to meet the completion date
* you may still incur costs if your property sells before the auction
About the Author:
Auction Houses - Fortna Auctioneers & Marketing Group is a creative, innovative, people-oriented and technologically-savvy real estate auction firm. Our work consistently delivers personal satisfaction and success, resulting in mutual pride by all parties involved in the sale.
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