SELLING BY AUCTION
Our auctions are operated by our auction house,
Working in the most competitive real estate markets in the country has shown us the pitfalls associated with the current system. A lot of frustration arises with bidding wars – a common method of sale where more than one buyer competes to purchase a home without knowing the amount of money other buyers are willing to pay.
As a result, buyers are left in the dark to make one of the most important decisions of their lives. Sellers are often left wondering whether each buyer truly made their highest offer before bowing out of the process. In many cases, buyers don’t stay in the process long enough to make their highest offer and sellers lose out as a result.
Selling your home by auction is a proven method that works in other competitive real estate markets such as Australia and the United Kingdom. The main benefit of auctions is the transparency of the offer prices and the certainty that the sale price of the home is maximized.
You Control The Terms
We provide all of the necessary information to home buyers ahead of time so that they can make an offer on your home without variable conditions.
We complete the offer documentation ahead of time. Sellers have the ability to choose their ideal closing date, the items included in the sale along with any exclusions.
When we list your home by auction, we keep the process to a tight schedule.
Qualified & Motivated Buyers
When a buyer registers to participate in your home’s auction, they need to be verified and agree to a pre-authorized deposit amount on their
credit card. This ensures that each and every buyer is taking the process very seriously.
A buyer will feel more comfortable increasing their bid amount if they know the offer prices of competing bidders. Every buyer has a fair chance to increase their bid amount during an auction and no one will be left out of the process.
Before the auction, you will determine your reserve price – the lowest price that you are willing to accept for your home. Therefore, if the highest offer doesn’t reach this
price point, you are not obligated to sell your home.