Most of the world’s finest assets are sold through auction — art, jewelry, classic cars, etc. Why not homes? Real estate sold at public auction in the United States has a rich history and has been successfully used for three centuries. Today, auctions are a part of the American way of life and create an exciting event where bidders compete on a fair and even playing field. Real estate sold at auction amounts to billions of dollars annually and includes every conceivable type of property including land, farms, residences, commercial buildings and luxury homes. The majority of auctions are not about distressed or discounted properties – that’s a major misconception about auctions. The fact is that auctions are the primary sales method when selling any valuable asset that needs to have a spotlight shone on it such as vintage cars, priceless pieces of art and multi-million dollar homes. Auctions can be a perfect solution for selling when the market is slow because they throw a spotlight on a property and help differentiate it in the marketplace. And auctions are especially effective when the market is red hot because they create competition and multiple offers are handled with ease and complete transparency. Auctions are ideal for selling one-of-a-kind, incomparable properties. Every market has a threshold above which homes are more difficult to monetize, and the typical tools of price reductions and prolonged advertising are ineffective and have no bearing on interest level. Is your property a good fit for an auction? Let’s find out! Call 919-601-7339 for a confidential auction analysis.
This is a call to action for realtors, professionals and vacation rental managers/owners to create the largest FREE
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For example: A realtor joins reignlist.com as a new member (1 chance), creates a professional profile (1 chance) and posts 5 listings (5 chances), will have a total of 7 chances to win. See terms and conditions