IT’S 8 P.M., YOU’RE BATHING THE KIDS and the dinner dishes are still piled high in the sink. Then comes the dreaded call. Your real estate agent wants to show your house… in 20 minutes. There has got to be a better way!
With traditional real estate listing methods, your property could be on the market for months before you even see one interested buyer. And if you’re in a hot market where homes are selling quickly, you’re faced with a different problem: how to price your home to get the most you can for it so that you don’t leave money on the table. But an alternative approach is available to homeowners who want to sell their house and land quickly or simply before their next home’s settlement date, one which solves both these problems — real estate auctions.
The advantages of a real estate auction are different for each seller but generally think of it this way. There are three elements of a real estate sale. The price you get, the time it takes to sell it, and the terms of the sale. In a traditional listing, you don’t control any of these. You can’t predict how long it will take to sell, nor what conditions will be in the offer. You feel like you control the price, but you really only control the right to say no and then keep the property. The buyer always decides the price. You merely accept or reject it.
With a real estate auction, you control both the time and terms because you set them. You can hold a one-day open house the Saturday or Sunday before the auction date which will eliminate inconvenient showings. And the price is controlled to the same extent seen in the traditional listing with the seller’s ability to say no and refuse to sell. The difference with an auction is that you are going to employ an aggressive marketing campaign to generate a high degree of interest and drive the offer to its highest level. So control is the main the advantage of a real estate auction.
When Buyers Compete The Seller Always Wins
The magic of the bidding market is that it is fueled by human behavior that instinctively does not like to lose. There is nothing more powerful than wanting something somebody else wants. If it’s worth it to that couple…It’s worth it to us. Homebuyers who lost a blind bidding war or offer said they would have paid above what the house actually sold for. Most said that they would have paid up to $10-15k more. Don’t ignore this extra financial benefit.
Don’t let the selling price of your biggest asset be determined by chance, simply because that’s the way it’s always been done. Transparent bidding is the new and best way to achieve true market value. Achieve a top-selling price for your property by letting the market take its course. Why stop short at one-only offer submissions? Give your buyers the opportunity to come back and outbid their competition. You win, when they win.
A Smarter Way To Sell Your Home
The auction method has been around for centuries, and it continues to thrive because it is one of the fairest and most transparent ways to conduct a sale. It’s also been said to be a lot of fun. Whether you’re a downsizing homeowner, real estate investor, estate executor, home builder, or manager of bank-owned properties, every seller would love a quick sale.
Real estate auctions provide a compelling option for the sale of any kind of property — commercial, residential, industrial, and land — by bringing interested buyers together to compete. Online auctions allow you to have a set timeline that works best for your unique situation. They also allow bidders to participate from almost anywhere in the world! Avoid the cost and stress of selling your home the old way. Ready to see if Colorado Online Offers is right for you? Contact us today, we would love to chat with you.