Are property auctions a viable option?
Category RealNEWS
"There has been a decent uptick in the number of properties that have been put up for auction recently, and it begs the question, 'Should you put your home up for auction, or should you go the traditional route?'"
"Auctions are no longer automatically associated with home repossessions or seen as a desperate attempt to sell a dilapidated or derelict property, and offers plenty of benefits over the traditional methods."
"This is why we at RealNet Properties are partnered with Van's Auctioneers, one of the leading auctioneers in the country. We understand that purchasing a property is a significant investment, which is why our team of experts is dedicated to guiding you through every step of the auction process."
"Auctions typically result in a sale much quicker than traditional methods. While they are a popular option for homeowners in financial distress, they are also great options for sellers who need to sell up quickly because they need to move to meet a deadline for a new job, or their family situation has changed suddenly."
The benefits auction can offer over traditional sales methods include:
* Online auctions can be accessed from anywhere, anytime, making it more convenient for both buyers and sellers to participate in the auction.
* Online auctions have the potential to attract a larger pool of bidders, resulting in increased competition for the property. This can lead to higher sale prices for the seller, while buyers have the opportunity to secure a property at a competitive price.
* Online auctions are typically completed within a shorter timeframe compared to traditional property transactions. This is because online auctions have a fixed timeline, with a specific start and end date, which allows for a quicker sale or purchase process.
* Online auctions provide a transparent platform for both buyers and sellers. Bidders can see all the bids that have been placed, while sellers have access to real-time updates on the progress of the auction.
Ultimately, there is no set answer about whether you should sell your property traditionally or put it up for auction. But if you are keen to find out more, have a look at our property auctions service offering, and let us know if we can help you!
Author: RealNet
