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Why Conduct a Real Estate Auction rather than a Traditional Listing?
Sellers pick the date their property will sell.
No prolonged marketing or showing period.
To eliminate holding costs to the seller.
Real Estate Auctions establish market price when there are few comparables to choose from.
What does an Absolute or Reserve Auction mean?
The property sells to the highest bidder in an Absolute Auction. Generally speaking, this type of auction will attract the largest number of bidders.
With a Reserve Auction, the seller has the last right of acceptance or refusal if the high bid is unreasonably low. The reserve price is not disclosed.
If no one makes an offer on a property listed traditionally, why could we expect the property to sell at auction?
Properties listed in the traditional manner may have an unrealistic asking price. If the asking price is deemed unrealistic in the minds of potential buyers, many will never make a lower offer. With our accelerated marketing campaign, more buyers know about the property in a shorter period of time.
Will my clients realize market value for their property?
Because Real Estate Auctions have no asking price, it is not uncommon to see properties selling higher than presale expectations. When conducting a Real Estate Auction, true market value of a property is established. There is no ceiling on how high the bidding can go and a price is never negotiated down.
How should I go about telling my client about taking their property to Auction?
We always advise the agent to come to A. Smith Auction & Realty. As licensed Real Estate Auctioneers, our Auction specialists will be better able to inform clients concerning Real Estate Auctions than the traditional agent.
If my client decides upon a Real Estate Auction, how will that benefit me?
We are happy to provide Real Estate Agents a referral fee. A. Smith Auction & Realty also encourages buyer/broker participation.
........A Better Choice ........A Better Way |