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Auction or Traditional Sale?

Posted on October 13, 2014 by

AUCTION or TRADITIONAL SALE?
I will be the first to admit that not every property is a right fit for the auction method. Rather, I should say, not every seller is a perfect fit either. What I do know from my experience with both auctions and traditional real estate sales is this. If you are a motivated seller and want or need to convert your real estate asset to cash, an auction will produce results. On the flip side, if you are not motivated and want to LIST your property, a traditional sale is probably a good fit for you.
Properties can and do sit on the market for months, if not years. Within a short time, the property becomes stale. Buyers see this and eventually the stigma is there. Why make an offer?
A professionally managed auction is superior to traditional sales in the following ways:
1. Brings the market to you, the seller, with an aggressive marketing campaign.
2. Produces qualified buyers with the financial ability to close the transaction.
3. Reduces holding costs, including taxes, insurance and maintenance.
4. Achieves current fair market value through competitive bidding.
These statements are all true for live on-site property auctions or online auctions. The competitive advantage goes to the auction property every time. Fence sitters love traditional sales. Wait, wait, wait…the seller will keep reducing the price until, voila, a low enough price to make an even lower offer. Auctions create a sense of urgency and will solve the fence-sitter’s dilemma.
Accelerated Marking via The Auction Method. Call Today for a Free, Private Consultation. Since 1977, Proven Results. Gina Boyleston is the President/Broker/Auctioneer for Boyleston Auctions, Pensacola Florida. 850-393-1154 and Visit BoylestonAuctions.com

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After my husband passed suddenly, I was unsure how to sell a rather large house, his significant collections and many...
Boyleston Auctions
2021-01-15T16:36:57-05:00
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