Real Estate Auctions offer many benefits only found at auction, below are some of the benefits of Real Estate Auctions.
Real Estate Auction puts you in control
You control when your house is Sold.
You control the settlement date.
You control the showings via open house inspection dates.
We make SOLD happen.
Real Estate Auction generates excitement about your property. There may be thousands of For Sale signs in your area, but Auction creates excitement about your property and gets it SOLD! Call us today to learn more about selling your property with a Jessant Realty Auction.
Real Estate Auction sells your property as is, there are no messy renegotiations over contingencies after the sale. There are no contingencies, your property is SOLD, as is.
Real Estate Auction affords you the opportunity to sell your property in the shortest time frame, under the best terms and at the best price available.
Real Estate Auction can save you thousands in carrying costs by making SOLD happen sooner. (mortgage payments, utilities, maintenance, taxes, liability exposure, time, and potential devaluation.)
Real Estate Auction sells your property for a Cash settlement. There are no mortgage contingencies to dismantle your sale.
Real Estate Auction is the sales method that actually provides an opportunity to sell your property for significantly more than anticipated.
Real Estate Auction sells to the highest offer, you can't under price with a real estate auction, all interested buyers are in open competition, and only the high bidder will own a property.
Types of Auctions
The Absolute Auction
In this type of Auction, the property is Sold to the highest bidder regardless of price. Why do sellers choose this method? The Absolute Auction generates a greater bidding interest than the Reserve Auction does. This exciting auction method generates a greater public response and generally increases the likelihood of a higher final bid through competitive bidding. When considering the Absolute Auction method, Sellers should weigh their needs and tolerance for risk, as well as the potential for a higher sale price under a more competitive bidding scenario.
The Reserve Auction (aka An Auction Subject to Confirmation)
In this type of auction, the Seller is able to accept or reject the final highest bid. Unless an Auction is specifically designated as an "Absolute Auction", it is automatically a Reserve Auction. The reserve amount is usually undisclosed until the reserve amount is met during live bidding.
The Minimum Opening Bid Auction
This auction is a variation of the Reserve Auction, but can take advantage of some of the excitement created by the Absolute Auction. In the Minimum Opening Bid Auction, the Seller can reduce risk by setting a minimum opening bid low enough to generate excitement among the bidding public, while still having the safety net of the minimum opening bid.
