Dream Team Properties has partnered up with Graystone Auctions in an attempt to help even more of our clients.
Many people share a common misconception that anytime real estate is sold through an auction, its purchased at a discount. Just like the nicest art, jewelry and antiques selling at a record prices every year, anytime you can get multiple buyers in one room, on an equal playing field, the competitive bidding can warrant the highest possible price for the property.
Top 4 Reasons Sellers Prefer Auctions
1) There is no ceiling in a competitive market...
There’s nothing quite like the buyer’s rush inspired by a bidding war, and in a strong seller’s market, the sky’s the limit. Auctions create competition. Also, buyers in competitive markets will sometimes turn to the auction method if they’ve had trouble purchasing through traditional real estate listings. Competitive markets increase the buyer bidding pool and increase buyers’ chances of paying more than they wanted.
2) Save time and money in a slow market...
In a slow market, it can be difficult to keep up with the trajectory of pricing. If the market is losing 5% value every month, and you’re only decreasing by 2% a month, you’re never going to catch up. By auctioning a home, you can avoid that lag and ensure your home sells at its true value.
3) Auctions attract serious buyers...
Holding on to a property can be costly. Selling your home via auction not only expedites the process but the auction method also allows you to know the exact date of sale, so you can budget accordingly. Sellers can avoid carrying high costs like mortgage payments, taxes, and home maintenance by budgeting for an exact sell-by date rather than listing a home the traditional way and hoping for the best.
For more information about our auction process please contact us today.