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5 reasons to place your home on Auction

property auctionWhy would you sell your property on auction? Many people are unsure as to the reasons to auction property. Here are some reasons to do so:

  1. Time is money: Placing your property on auction means that you are serious to sell; it also means that you will attract buyers that are ready to purchase. Property auction is a fast way and definite way to sell your property.
  2. Set price and terms and conditions: A seller is in a position to sell for the price they require. They decide what price they want to sell their property. Terms and conditions of the seller are clear. This means that the seller is in a position to demand what they require.  The conventional way to sell property with an agent implies that the purchaser decides the price. The property is often sold at a lower price then the initial selling price.
  3. Choosing the right auction firm: You decide which auction firm is suitable to sell your property. Established auction companies have an existing and large database of potential buyers. This is beneficial to you as it increases the potential to find a purchaser.
  4. Money in your pocket: After the property is auctioned the money is received by the seller at final closing. It is a fast way to ensure that you get paid straight away.
  5. Paperwork signed and completed: To auction property is legal and binding. An auction contract is set in place before the auction. Once the hammer is down it is confirmed that the property is sold.

Property auction is suited to reach a target market aimed at selling your property to keen purchasers. Experienced companies illustrate a detailed marketing plan to sell your property. Potential buyers visit the property prior to sale. It is wise not to accept any offers prior to an auction because you could lose out on a good bid. In most cases property is sold for a price higher than expected by the seller. This is another reason auctioning your property is a good idea. read more

Property Auctions get new regulations

Property Auctioneer

Property auctions have long been said to be solely for experienced property investors that have a good knowledge of the Auction system and not for those simply out there looking for a good buy. The fact is that at every auction there are plants or schill bidders ready to make a bid in an attempt to drive the price up but with new regulations, the property auctions may be a very viable venue for would be home owners to buy a property. read more