The Benefits Of A Real Estate Auction in an Estate Situation

Heirs to an estate that involves real estate are usually highly motivated for a fast sale. Most states encourage a real estate auction as a method for generating the highest price in the shortest period of time. Illness, or the need for immediate cash, or the inability of the owner to hold and maintain the real estate is another reason you should recommend a real estate auction. Holding costs can be crippling. All too often, the carrying or holding costs during a private negotiated marketing effort won’t be recovered in a higher selling price. Instead the price is reduced. Therefore, the sooner a property sells, the greater the bottom line dollars in pocket for the seller.

We have sold hundreds of properties for Estates and the Probate Court. From Residential, Land, Commercial and personal property we have the experience to get the job done right. Just contact us for a confidential evaluation.

•Never worry about selling too cheap

• Offers the Seller another option

• Creates competition among buyers. Auction Price can exceed the price of a negotiated sale.

• An auction generates excitement and heightened interest in Your Property

• Exposes the property to a large number of pre-qualified prospects

• Requires that potential buyers BE pre-qualified

• Property is sold as is, where is and how is without contingencies

• Accelerated sales-the property can sometimes be sold within three weeks of listing

• Eliminates high seller carrying costs -(such as interest, taxes, maintenance)

• Auction brings interested buyers to point of decision-they must act now or lose an opportunity to purchase

• Auction is a true market forum-the highest buyer pays the lowest price a seller will accept

• A seller sets the terms and conditions of the sale, maintains control of the property throughout the auction (depending on auction type), and actively participates in the sale process