REAL ESTATE AUCTIONS GAINING FAVOR AS A SELLING ALTERNATIVE

Selling real estate is still viewed as one of the most challenging and often lengthy transactions in the marketplace. Each step, from pricing the property to identifying potential buyers, negotiating, etc. can often create circumstances that unravel a deal or create frustrations at a minimum. As a result, auctions have become a rising star in the field of real estate to help eliminate many of these challenges and foster a smoother, faster and more seamless process to closing a real estate transaction.

In a trend that is growing nationwide, property owners are finding that auctions can dramatically reduce the amount of time they must wait to find qualified buyers who are ready to purchase for an amount that they will accept and at an exact day and time they choose. It is currently estimated that 5% of all real estate transactions are currently auctioned. That number is expected to increase to 30% by 2010.

Once viewed as a last attempt to unload property during desperate circumstances, auctions are now becoming a much more viable alternative to market and sell properties quickly and efficiently. One of the best advantages of a well marketed real estate auction is that it can expose the property to a large number of pre-qualified prospects and minimize the length of time that a property must be shown to find a buyer. Another advantage to the seller is that a buyer's premium is of part of the sales transaction, thereby offsetting marketing and other selling costs from the seller.

For buyers, auctions create both excitement and a chance to purchase at below the highest market value. Buyers understand that they are competing fairly and on the same terms as other buyers and long negotiation periods are eliminated.

Call me for more information about auction at 305.206.0349 or visit www.Auction-Generation.com for a free Video Presentation.

By Troy Fowler Lc. Real Estate Auctioneer (AARE, #AU3595, #AB2717, CES) & LIc. Real Estate Broker