A lot of situations occur that are tailor-made for the real estate auction, but most, if not almost all, would fit under the category “time is of the essence. ”
House A is sold, and on the strength of this particular sale, your client purchases Real estate B. Now sale A grows problems in escrow and the selling cannot close. The client is now in a state of hysteria since their only hope of closing on Property B in 60 days can be by closing on Property The. What do you do? Auction Property A and arrange a sale date nicely in advance of the closing date on Property B, stipulating that section of the terms and conditions of the real estate auction is a quick closing. This can only be accomplished with a real estate auction.
A kind of situation which dictates the advantage of an actual estate auction is the high separation and divorce rate and the need to dispose of the real estate quickly. Often neither party are able to afford to hold a property that they previously owned because husband and wife.
When a partnership dissolves, the situation often demands an immediate sale of the assets, including the real estate. Private negotiated marketing cannot guarantee a sale within a set, short time period. A genuine estate auction can.
Heirs for an estate that involves real estate are usually extremely motivated for a fast sale. Many states encourage a real estate auction as a method for generating the highest price in the shortest period of time. Illness, or the need for immediate cash, or the lack of ability of the owner to hold and maintain the real estate is another reason you should recommend a genuine estate auction. Holding costs can be crippling. All too often, the carrying or even holding costs during a private negotiated marketing effort won’t be recovered in a higher selling price. Instead the price can be reduced. Therefore , the sooner a property offers, the greater the bottom line dollars in wallet for the seller.
An exchange becoming held up waiting for a buyer on one of the legs – auction it. The real estate auction can also work especially well in a “Bull Market”. Legislation of supply and demand, where the demand exceeds the supply, is definitely an ideal market to expose the real estate in order to competitive bidding to get the maximum return. The real estate auction is highly desirable in overbuilt or stagnant markets, where no reading exists on how low prices will fall or how long the market will stay overbuilt.
The private discussed method and auction marketing technique are different. A real estate auction can most generally guarantee a selling within a short period of time, and the attention is directed to the property being auctioned. Private negotiated marketing still cannot accomplish this.
Clearly, real estate auctions provide owners of all types of real estate benefits that are not available with private discussed real estate firms.
All of us in the property profession are salespeople first and foremost.
If you cherished this article and you also would like to obtain more info with regards to casa passiva bioedilizia i implore you to visit our own web page.
Why don’t forget for a moment the fancy titles and diplomas we have earned during our years in the business. The bottom line of success in our profession is still determined by our ability as salesmen. We constantly look for sellers and we have more listings. Our next step would be to find the buyers.
A professionally handled real estate auction is a method of marketing and advertising that will find the buyers crawling from the woodwork, and it is this benefit which will enable you to gain additional sales simply by offering your clients the real estate auction marketing option.