We Specialize in Real Estate Auctions and can also Auction the Contents of the Property.
An auction can give a seller more control over the time period in which their home will sell. This condensed marketing time frame often creates excitement and a sense of urgency for potential buyers. Many times a home is listed but does not sell right away. If the listing period becomes a lengthy one, a seller often becomes very frustrated. An auction gives the seller an opportunity to pick the day and time their property can be sold. The seller can find out the true market worth of their property, based on qualified bidders, and the sale can usually close within 30 days or less.
The auction process typically works well for properties that have been lived in for many years, and nothing or very little is owed on a mortgage. A situation, where an auction might also work well, is when a seller passes away or moves to an assisted living community. Many times the family becomes responsible for selling the home, and even the contents of the home. An auction can make this process quick and fairly easy, and can also relieve the family of added stress due to their situation. The home is sold as-is, so the seller need not worry about making improvements or repairs. The property is also sold without contingencies, meaning potential buyers must come prepared to purchase with cash or proof of financing in place, and a non-refundable deposit is required if they are the winning bidder. Very few transactions fall apart, because of this requirement. The seller has the ability to set an undisclosed sales price, referred to as a reserve amount. If that amount is not reached, at the auction, the seller does not have to sell. A buyer’s premium, which is a predetermined percentage amount, is added to the final bid amount to cover the auction commission.
If you would like to speak with us, to determine if an auction might work for you, please don’t hesitate to contact us.
Serving Gainesville/Alachua County and Ocala/Marion County
Lisa Wolfe Team – Homes To Ranches Realty