Now, even the nicest homes sit on the market for months. An occasional single offer to be accepted or rejected by the seller. Often due to the terms and not the property itself. Potential buyers are able to make lowball offers to eager sellers. They figure that if the seller balks, the home will still be there in another month and maybe the seller will give in.
Here you are looking to get your home sold as quickly as possible. You have your absolute minimum price in mind. However, if only one potential buyer at a time can legally make you an offer for a much lower price, where is your bargaining power?
We are here to put you in the position of strength! Yes, you can have a choice of which offer to take for your property and put the pressure where it belongs - on the potential buyers.
You don't need to be in the position of having a "Take it or leave it!" single offer on the table, and have to spend time on realty agents, lenders, and seemingly a line of people awaiting your decision for a price you don't want to accept.
The way to do that is to have interested potential buyers compete against each other on YOUR schedule. While you save time and money!
You have probably seen the articles and TV reports in recent weeks about the significant increase in the number of homes and investment properties being auctioned off. It's no wonder! Think about it.
More and more sellers are fed up with accepting lower offers and then losing more money to commissions and fees.
For example, you list your home at $250,000. After three months on the market, you get a "best offer" of $200,000 and have no choice but to accept it. Right there you have "lost" $50,000. Add in the usual 6% commission for the selling and buying realty agent, and that comes to $12,000 more. You are already down to $188,000. "Your" realty agent, the buyer's agent, the mortgage lender, the title company, the city and county treasurer, and others, all get their money and go on to their next customer. On the other hand, you are literally out $62,000 from the price you wanted. Plus the number of it weeks it took to do it.
Let's move beyond that and forward to today and the auction method. You could take that same home, valued at $250,000, and auction it off in 30 days at a minimum bid of $230,000. The sharp buyers and investors would be attracted at a starting price below market value. What happens if three or four "sharp buyers" show up at your auction? The bidding would get to $250,000 within minutes. YOU win!
Each of those potential buyers would bid up to a certain point. Against each other, not you. Every bid any one of them makes puts more money into your pocket. There is none of this "I'll get back to you Wednesday" and you don't hear until Friday. The bidder that wants your property the most has to act right then and there. The other bidders don't become another potential buyer name and phone number for some realty agent's next paycheck. It's about getting the best offer you can for your property. At that moment, the only competition is for your property.
This is how it should be. This is how it can be. You can save time, money, and aggravation in one step.
He will tell you how to get started!
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Whether You Have A Realty Agent Or Not
able to move for a better job
if it wasn't for our auction. The
whole staff was a joy to work
with. Thanks!
Phong & Bin Guia
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