Selling your property can be an overwhelming process, but auctions are a method that can simplify it. If you’re curious about how to sell your real estate at an auction and wonder whether it’s the right option for you, this guide has all the answers.
How Do You Sell at an Auction?
Selling real estate at an auction involves several key steps:
- Property Assessment: The first thing you need to do is get your property assessed to determine your goals.
- Legal Preparations: Complete all the legal paperwork required to sell your property.
- Marketing: Promote the auction through multiple channels to attract the highest number of bidders.
- The Auction Day: An auctioneer will handle the bidding process, ensuring that it meets or exceeds your desired price.
To learn more and experience upcoming real estate auctions, visit our auction calendar page.
Benefits of Auction to the Seller
Auctions can provide several advantages:
- Quick Sale: Auctions are time-bound, helping you sell faster.
- Competitive Prices: The bidding war can drive the price higher than market value.
- Transparency: You see real-time offers, ensuring transparency in pricing.
To dive deeper into the benefits, you can learn more about advantages of selling real estate with us.
How Long Does It Take to Get Money from an Auction?
The winning bidder is required to pay a percentage of the winning bid immediately. The remaining amount is usually due within 30 days, after which you receive your funds.
Are Auctions the Best Way to Sell?
Auctions can be an effective way to sell property, but they may not suitable for everyone. If your property is unique or in high demand, an auction can be ideal. For a look at how well properties can perform at auction, check out our past sales results.
Choosing to sell your real estate at an auction can be a wise decision, depending on your specific circumstances. Now that you know how it works, the benefits, and the time frame, you can make an informed choice. If you’d like to discuss your property and get a free property assessment, please reach out to us at 419-534-6223.