Florida Real Estate Auctions - Real Estate Auctions Have Been Used To Sell Properties Successfully For Many Years

Real Estate Auctions have been used to sell properties successfully for many years.

Florida, FL (prHWY.com) March 23, 2013 - Florida, Mar 23, 2013 - Real Estate Auctions have been used to sell properties successfully for many years. Do they always work? No, but if done in the right way, they always attract attention. They make a property stand out from other properties on the market.

There isn't a magic formula that will always sell a property, except price. An auction gives you the ability to use price as a way to attract buyers. However, the majority of buyers that you attract are expecting a deal. So, unless your property is in a hot real estate market or is unique and highly desired, you need to expect to sell at a discount. You should expect to discount at least 10% and many times more.

Florida Real Estate Auctions - Many real estate auctions will require the home buyer to present some form of deposit or proof of lender approval at the time of sale. If the lender agrees to the price, and often a lender representative will be on site for the auction, the buyer will need to prove they have the financial means through which to pay for the home. The initial deposit required or proof of immediate lender approval is always a great item to have on hand.

If you're considering selling by auction, you need to realize that you will probably be giving up some equity for the convenience of selling fast. However, time is money, and it still makes sense for many sellers to use this method. Not to mention, there have been many auctions that have received bids right at, or higher than market value.

Take a few pictures of any and all blemishes in the home. Make sure to look beyond the physical knick and scratches on the homes surface. With camera in hand, you are looking for things that may potentially cost many dollars to fix, not just a coat of paint.

Up until a few years ago, seller's who wanted to sell by auction usually held a "live" auction on the property. This process requires hiring an auction company and paying hundreds and sometimes thousands of dollars in fees regardless of whether the property sold or not.


About the Author:

Florida Real Estate Auctions - Fortna Auctioneers & Marketing Group is a creative, innovative, people-oriented and technologically-savvy real estate auction firm. Our work consistently delivers personal satisfaction and success, resulting in mutual pride by all parties involved in the sale.
Contact Details:
Fortna Auctioneers & Marketing Group
26 E. Main Street * Annville, PA 17003
Phone: 717.867.4451
E-mail: auctions@fortnaauctioneers.com

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