4 Reasons Auctions Have the Advantage

If you are considering selling your home, then you may think that the only option you have is to follow the traditional route of listing your home with a real estate company, holding open houses and waiting, waiting, waiting. In fact, auctioning your home can be the best way to sell it. Here are four reasons that real estate auctions have the advantage over traditional real estate listings:

OreillyTeam-CircleMasterFile-Jan151. You don’t have to wait as long. When you sell your home through an auction, there is a specific beginning and ending date. What this means to you is that you know how long your home will be marketed and when the date of the auction is. No more endless waiting for someone to put an offer in or preparing your home for showing after showing.

2. You can get national exposure. While many real estate companies focus their efforts on regional marketing, with an auction, your home can be exposed to a national base of buyers. From people transferring to an area because of work or those looking for a specific area to purchase a new home, you can be sure that buyers from a wide geographical area will be looking at your home through the auction marketing process.

3. You get the advantage of day-of-sale competition. Buyers that want your home will compete on the day of the sale to get your home. That means that you may get even more money for your home than you expected. Competition has been shown to increase selling prices and can improve your final proceeds.

4. You don’t have to deal with contingencies or long closings. With an auction, you can be sure that your home will close quickly – generally at about the thirty day mark after the sale. And, auction homes are sold “as is” which means that you don’t have to worry about changes to your sale once it has been agreed upon at the auction.

Ready to learn more? Contact the O’Reilly Team to hear about how we can help you sell your home today!