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Could Real Estate Auctions Lift Home Sales?
August 07, 2014

Everyone remembers the 2008 housing bubble. Like air escaping from a balloon, home values everywhere shout downward, taking with it confidence in this previously lucrative market. The effects of this unprecedented adjustment can still be seen today; just ask anyone trying to sell a home or a parcel of land. It takes much more time, skill and effort to move property in the current market, but not everyone has it bad. Real estate auctions are coming into their own according to some housing experts.

Instead of marching a parade of half-interested window shoppers through a home, real estate auction firms like the Carolina Auction Team are leading sellers to deals by presenting properties to larger groups who like the feel of bidding on a home. At a South Carolina auction, the seller maintains control, picking the date of the sale, taking the guesswork out of selling their home.

Competitive Bidding Creates Excitement

Put two or more buyers in a room and allow them to bid on a property and watch the sparks fly and the bids rise. By pre-targeting buyers who are genuinely interested in specific home styles, competition is guaranteed. When people get excited about a property, they don’t have any qualms about buying. Competitive bidding situations can make that sale happen.

Put the Sellers in Control

In most buying situations, the buyer holds all the cards. When a seller goes the auction route, he or she takes back control of when the home sells. The seller does not have to wonder when to pack or when to move. This allows the former owner to move on without long, lingering selling processes.

The Truth About Selling a Home

Regardless of the route the seller takes, traditional home sales or via a real estate auction service, sellers must be realistic about the value of their homes. Homes are worth what they are worth what the market says they are worth and nothing more. Buyers are smart. It behooves the seller to do some homework and understand the honest value of their property.


 

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