There are various choices of selling your house, you can list them on web, or give it to investment real estate house or even to auction holders. Auctioning is commonly practiced in the US and is useful if it is observed in steps. The advantage pf auction is that it is quick and avoids fees and commissions of real estate.
This article briefs about when it is feasible to auction your house in West Palm Beach and surrounding area.
Is Auctioning Your House A Good Idea?
Have you prepared your mind of auctioning your house? If so, then you need to complete all the necessary preparations beforehand.
- The first step is to find an auctioneer in your West Palm Beach. If you are new in the market, then you cannot go ahead without these auctioneering companies. However, you need to do some research before choosing the right auctioneering company to represent your property. A local phone directory, reference or the webpage of National Auctioneer’s Association are possible places to help you out in research. The competencies should include experience, auctioning skills and their auctioning process. Don’t forget to check their service fees, as high fees means very low profit for you. Also, if you have experience and are clear about the rules, you can run the auction yourself.
- Secondly, decide the type of auction- Absolute or Reserve? Discuss with your auctioneering company to decide which kind of auction is the best fit for you. Absolute involves no minimum limit to be sold. Reserve has a base price, and if the limit is not reached, the house is not sold. Sometimes, the bidder is not willing to pay the base price, which results in the house not sold, even though you want to get rid of it, so chose your kind wisely. Absolute auction attracts more bidders for a better deal, and could lead to bidding frenzie.
Therefore, it is always better to go for absolute if you want to sell your house quickly in West Palm Beach. If you can wait, then reserve should be your choice
- Clearly state all the faults and problems of the house or property in the description. If you miss out any, the buyer can get back to you and sue you about giving incomplete information.
- Finally, don’t expect or dream huge profits from bidding. Your price should be realistic enough that it doesn’t disappoint you even if sells for less than your predicted amount. You need to think rationally keeping all the emotional attachments aside. Auctioning does result is less money than a real estate bid, but it is barter of time and stress with money.
Reason for having auction as your choice
Why have you decided to auction your house? Time factor might me in your mind. But, have you thought or tested any other option?
Before deciding to auction off your property, you can try another option. Why not sell it to us?
Our company, Home Solutions FLA, buys property in your West Palm Beach. We don’t list and make you wait; instead we buy your asset. We buy houses of all types, in any condition or type at any locality, be it town or other areas. We neither buy on looks or shapes nor on equity values.
All we do is we offer you a fair price and can close the deal in as soon as 7 days. We will not demand maintenance charges either.
If you want to give it a try before handing your house for auction, you can contact us on (561) 370-8335 or fill out the form in the link below to kick start the process now.
Is auctioning your house in West Palm Beach still your final call? You can always try working with us before deciding your house fate in the auction. All you need is to submit your details in the form and get started.