Monday, June 8, 2009

Luxury Homes Sell At Auction

Let's face it, the longer it takes to sell your home, the more holding costs you incur and less profit you will make on the sale. There for, it makes sense to get your property sold as soon as possible!

That being said, I would like to discuss a marketing strategy that is often overlooked. Real Estate Auctions can be very successful and will get a home sold in record time.

Some of the Benefits of an Auction:
  • Quick closing, usually 30 days after the Auction
  • Qualified buyers, all sales are Cash, sold As Is
  • No lengthy negotiations, Seller determines the terms of the sale
  • Advertising program specifically designed for your property
  • Auction atmosphere creates a sense of urgency, forcing a buyer to bid
  • Multiple bidders can drive a price higher
  • No Real Estate Commission, winning bidder will pay a 10% premium

Many sellers that I talk to are concerned that will have to sell their home for the lowest bid. That is not true, all sellers have the right to set a minimum bid and reject any bid that the seller considers too low.

Consider the financial advantage of having your home sold in less than three months when many homes sit on the market for a year or more. How much does it cost you in mortgage payments, insurance, taxes, utilities and HOA fees to carry a home for more than three months?

Visit my friend Jim Accursio's website at http://www.theauctioncompany.info/ for more information on Real Estate Auctions or my webpage at http://archive.constantcontact.com/fs006/1101520700187/archive/1102528073124.html.

You can also call me at 321-360-8051 or Jim at 1-877-747-4336 for a confidential, no obligation discussion about real estate auctions.

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