Venice REAL ESTATE AUCTIONS:
If you are interested in selling your property through a real estate auction or buying property through a real estate auction call me today. If you would like information about Venice, Florida real estate auctions contact me today!
REAL ESTATE AUCTIONS: BASICS & BENEFITS
Q. What is a Real Estate Auction?
A. A real estate auction is an innovative and effective method of selling real
estate. It is an intense, accelerated real estate marketing process that involves the
public sale of any property -- most certainly including those that are no distressed
-- through open cry, competitive bidding.
Q. How will auction benefit me?
A. The real estate auction is a win-win proposition for everyone involved.
BENEFITS TO THE SELLER:
* Buyers come prepared to buy
* Quick disposal reduces long-term carrying costs, including taxes &
maintenance
* Assurance that property will be sold at true market value
* Exposes the property to a large number of pre-qualified prospects
* Accelerates the sale
* Creates competition among buyers - auction price can exceed the price of a
negotiated sale
* Requires potential buyers to pre-qualify for financing
* The seller knows exactly when the property will sell
* Eliminates numerous and unscheduled showings
* Takes the seller out of the negotiation process
* Ensures an aggressive marketing program that increases interest and visibility
BENEFITS TO THE BUYER:
* Smart investments are made as properties are usually purchased at fair market
value through competitive bidding
* The buyer knows the seller is committed to sell
* In multi-property auctions the buyer sees many offerings in the same place at the
same time
* Auctions eliminate long negotiation periods
* Auctions reduce time to purchase property
* Purchasing and closing dates are known
* Buyers know they are competing fairly and on the same terms as all other buyers
* Buyers receive comprehensive information on property via due diligence packet
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