Sell Fast
Selling your home by auction can be quick, efficient and can reap a higher sales price than a traditional real estate sale.
According to the National Auctioneer Association, the value of goods and services sold at auction in 2007 was $202.7 billion dollars, up from over 6.8% in 2003. Simply put, people are attending auctions in records numbers.
There is great value in selling your home at auction. These reasons include:
Competitive Bidding.
Auctions cause buyers to perform. Buyers at auction get caught up into the competitiveness which in many cases drives the price of the home higher. According to the National Auctioneer Association, auction brings in the fair market value, if not more for any item up for auction.
No Negotiations.
There is no haggling over price, closing costs or commission. When buyers bid on homes, their commitment is to purchase the home at bid price with a non-refundable deposit.
Buyers are Prepared to Buy.
When buyers bid on your home, they have already been pre-approved and must close on the home within 30 days. Buyers must qualify to purchase the home through deposit or certified check for a cash sale.
Comprehensive Marketing of Your Property.
An auction is not successful unless there are a large amount of buyers present at the time of auction. Auctioneers have a more comprehensive form of marketing than most Realtors. We thrive in environments filled with buyers and we are the marketing specialist able and qualified to get buyers to the auction.
You Control the Sale.
Together, we will decide on two preview dates prior to auction. Say good-bye to unexpected calls for showings. Once your auction date is set, our marketing department will start your 21-day marketing campaign. The auction itself takes 2-3 minutes. It’s quick, efficient and profitable.
The best part of selling your home through auction is the absentness of negotiations. There are no negotiations for closing costs, financing contingencies, inspection repairs, home warranty repairs, etc.. The home is sold as is with no buyer incentives.
When you’re ready to get serious about selling your home, sell with auction. Call us now for a free over the phone consultation to see if your home can sell by auction at your reserve price. Call today at (704) 559-5988 or fill out our request form online.
Marketing Your Home by Auction
First, as a homeseller you must understand that your home will also be assigned to a multi-level marketing program through traditional real estate methods, at a lower commission rate than 6%. As real estate brokers and Realtors, your home will receive
- MLS Listing
- Virtual Tour
- Professionally Designed Color Brochures
- Global Listing Syndication on the World’s Most Important Real Estate Sites to include:
– Google
- The New York Times
– Craigslist
– Trulia
– Homefinder.com
– Zillow.com
- Charlotte Observer
– AOL Real Estate
– Cyber Homes
Plus many more - A Featured Home Block on Realtor.com
- International Listing Exposure through new National Association of Realtors International Marketing Programs
- A Featured Blog Post on our #1 Ranking Real Estate site, HomeandAuction.com
In addition to our real estate marketing efforts, we will also create an auction marketing program that includes:
- Feature listing on Proxibid.com
- Feature listing on Auctionzip.com, reaching hundreds thousands of unique visitors each month
- Email marketing to our buyer pool in excess of over 1,000 opt-in names looking for homes to purchase by auction
- Realtor to Realtor, Coast to Coast marketing through state of the art email marketing to tens of thousands of Realtors.
We currently hold all of our auctions online simulateneously with your traditional real estate marketing. You can choose to have auction signage onsite or not.
All this at a reduced commission to help homeowners in a tough housing market.
There are three types of bids.
With an absolute bid, the property is sold that day to the highest bidder regardless of price. Using a minimum bid, the seller announces the price and can reject bids below it. With a reserve bid, the owner sets a secret figure that the auctioneer must get. Reserve bids protect the homeowner from accepting a price below the comfort level.
To protect our homeowners, Today’s Real Estate & Auction only facilitates reserve bid auctions.
1. Together, we will give you a home evaluation and establish a reserve price for your home. Your home can not and will not be sold for one penny under the established reserve price.
2. A comprehensive and aggressive marketing plan to bring a residential home auction to your home is put into place.
3. Marketing goes online and our staff receives calls, answers questions and allows for private appointment setting if possible for the buyer to preview the home.
4. Bids are received online and presented to the homeowner.
5. Once the auction is over and we have established a high bidder, the high bidder will give Today’s Real Estate & Auction the pre-determined deposit in certified funds which will be held in a trust account.
The high bidder will sign the purchase agreement to be either accepted or rejected by the seller. If the seller accepts the high bid, closing will commence within 30 days. If the seller declines to sign the purchase agreement, the high bid deposit will be immediately returned to the high bidder.
