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Why Should I Sell My Home at Auction?
March 09, 2015

Are you considering a South Carolina land auction? If you happen to be someone who wants to sell your home, you might wonder whether you are better off to sell it on your own, hire a broker, or sell it at an auction. Truth be told, real estate auctions are getting better, faster results than almost any other method of property sales. Here's why:

Sell On Your Own
When you sell your home without a broker, you're probably going to miss out on some of the strategies that draw attention to your property in the first place. Marketing is just one of the areas that you need to think about. Then there are the legal elements that many homeowners don't know anything about, like what you are required to do for the buyer and what you aren't. The whole process can be very slow and frustrating. 

Sell with a Broker
Brokers are looking to sell your home to be sure, but they aren't always what you expect. Depending on your broker, you might even be pressured to do things that you don't want to do, like price reductions, paying the closing costs, or offering other incentives that make you lose money. Once you sign the listing agreement, you are often locked in whether your broker is skilled or not, so there is no guarantee that the house will sell at all.

Sell at an Auction
Honestly, there are so many benefits to selling your house at an auction that it's hard to know where to begin. First of all, think of some of the buyers you would deal with if you sold it yourself or through a broker. The housing market is a buyer's market, so they are making more demands than ever. For example, they may want you to install a new furnace, but if you wanted to put more money into your house, why would you be selling it? An auction involves selling the property "As Is", so you don’t have to endlessly negotiate to meet the buyer's demands.

One of the very best parts about selling your house at an real estate auction is that you know exactly when it's going to sell, so you don't have to stress about it for the next 6 months while you hope for a buyer. Not only is the auction date set, but the marketing is done for you and you only have one open house rather than several of them. 

If you would like to learn more about real estate auctions, contact the professionals at Carolina Auction Team today.

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