| In the last couple of weeks I have been | | | | may have about the house. Then at the actual |
| discussing things that you can do to sell your | | | | auction, everyone that is interested will bid and |
| house quickly. This week I wanted to touch on a | | | | the highest bidder will win the right to buy the |
| way to sale that has been around for a long time | | | | house. The first question that comes to your |
| but is really starting to pick up steam in the | | | | mind may be, well what if the seller doesn't get a |
| residential sales market. House Auctions. | | | | high enough bid for the house? |
| Many people are starting to turn to selling there | | | | In that case most auctions have a stipulation that |
| house by auction. The auction format has many | | | | says the the seller must approve the final winning |
| advantages but it also has it share of downfalls. A | | | | bid amount. The reason these auctions work well |
| house auction can be performed a few ways but | | | | is because they create a great buzz or interest in |
| the most general way is for a seller to announce | | | | the property. People are always interested in a |
| that the house will be auctioned off on a set date | | | | potential deal and the chance to buy a house at a |
| and time. They let the general public know the | | | | great discount will always get people in the door. |
| terms in which they will be selling the house. | | | | The auction also creates the illusion of lost |
| The terms normally include the starting bid | | | | opportunity. Buyers are more likely to make a |
| amount, the qualification guidelines to be | | | | decision on buying a house when they are faced |
| considered a genuine buyer, and the way the | | | | with the thought of the prize being pulled away |
| auction will take place meaning will it be a sealed | | | | from them. If an auction sounds right for you, |
| bid auction where everyone writes down there | | | | you can learn more about house auctions on the |
| offer and the highest bid is accepted or a round | | | | internet as well as there are several companies |
| robin auction where the 3 highest bidders will be | | | | that will conduct your house auction for you. |
| allowed to continue bidding against each other until | | | | Till next time, Good luck and God Bless and |
| only one is left. | | | | remember... If you have any questions about |
| Once the seller sets all the terms they usually | | | | saving or selling your home or any topics on real |
| allow the potential buyers time to come and | | | | estate that you would like to know more about |
| inspect the property and ask any questions they | | | | please email me. |