Why would I sell my home at auction, we're not in foreclosure?

It's a common misconception that a real estate auction is a last resort; in reality an auction brings many benefits to both the seller and the buyer.

Benefits for the Seller:

• Never have to worry about selling too cheap
• Creates competition among pre-qualified buyers
• The excitement of the auction and the allure of a possible bargain can cause the price to climb higher than a standard negotiated sale
• Accelerates the sale - closing can happen within weeks of the auction
• The auction reduces the time the property is on the market
• Eliminates high seller carrying costs
• The auction brings interested buyers to a point of decision - they must act now or lose an opportunity to purchase
• The auction is a true market forum
• The seller knows exactly when the property will sell
• The seller sets the terms and conditons of the sale, maintains control of the property throughout the auction, and actively participates in the sale process
• The auction eliminates numerous and unscheduled showings, we generally schedule three one hour time slots in the weeks prior to the auction for potential buyers to inspect the property
• An auction is an aggressive, advance marketing program that increases potential interest in, and awarness of the property
• The seller is able to obtain liquidity
• The seller is able to move on to other investments and free up capital

Benefits for the Buyer:

• Purchase property at a fair market value
• Never have to worry about paying too much
• The auction eliminates long negative negotiation periods
• Reduces time to purchase property
• Do not have to worry about contingencies, purchase and closing dates are known
• Buyers know property owners are motivated to sell
• Buyers set their own purchase price

I've read that more and more homes are being sold at public auction, is that true?

As a matter of fact it is true! The real estate auction has grown in popularity, and if the trend continues as predicted by national real estate experts, within this decade more than 30% of all real estate sales will be conducted by auction.

Are all homes perfect candidates for an auction?

Honestly, no. Not all homes are perfect for auction which is why A New Day Auctions can list your home conventionally, in the case where your home would sell better through conventional means we won't let you down. Many realtors today simply place your property in the MLS, throw a sign in the yard, and schedule a couple open houses. In today's market buyers rarely go to open houses, buyers rarely use the newspaper to find potential homes. Let us help you with our marketing expertise; we will work harder and smarter to sell your home!