What’s the deal with Real Estate Auctions?
Mike Walker CAI
What’s the deal with Real Estate Auctions? Nashville TN Real Estate Auctioneer Mike Walker CAI sells your property both traditionally or by auction. The method is determined by you, the Seller. What I do, as an experienced Auctioneer with 31 years of experience as well as a 17 year real estate career, is to lay out all of the options; to meet with you and assess your goals and to advise you, the best and most lucrative way to liquidate your real estate assets.
The majority of our society still feels that the Auction method of selling real estate is considered a last, desperate option of liquidating real estate. This however, is not so. An easy way to think about this is to take a look at Lebanon TN Wilson County Real Estate. Housing inventory is low, therefore, in a traditional market, the buyer’s are competing for that particular piece of real estate; many times resulting in a multiple offer situation. Now, think about the auction format, and we will use your home as an example. A large amount of advertising is done for your property, showcasing it across all media formats. Open houses are held, showings are allowed and encouraged. Your buyer pool is increasing each day. On auction day, you have in attendance of your sale, a group of qualified buyers, competing to purchase your home. The amount of bids is not limited, the amount of offers is not limited. In a competitive bidding situation, the price continues to rise. Do you see the difference? If not, here it is. Your buyer pool is larger on the day of the sale and everyone gets the opportunity to bid on your real estate instead of one offer at a time. In a traditional sale of real estate, the price is negotiated down, with one particular buyer. In an auction sale of real estate, the price is negotiated up, with multiple potential buyers and no contingencies.
To find out more about the auction process is simple………..CALL ME.
AUCTIONEER MIKE WALKER 615-308-9009
CENTURY 21 AUCTION SERVICES