Selling Your Property in Auction – Know Why It Makes Sense
Auctions are a great venue to sell and trade property and real estate. In this blog, we discuss some of the reasons why auction marketplaces are a good idea if your goal is to sell a piece of property. A professional auction can ensure that your real estate property will sell at its real value—also called its “true market pricing.” Time and again, it has been shown that auction environments are the most efficient at achieving true market pricing. This is because all buyers are treated equally—they all have the opportunity to participate. In a property auction, potential buyers all get to bid in a competitive environment. After each bid is placed, other bidders are usually given at least 2 minutes to decide whether they want to keep participating (or not). By the end of the auction, the winning bid is determined—and it accurately reflects the best price the market is willing to bear. This price is the buyer’s genuine “best and final” offer. You as the sell...
