What do you do when your home's been on the market for a year - plenty of showings but not a single offer... you think "auction" - that's what. I've recently met with several home owners who've had trouble getting exposure and offers on their homes in Austin. We're talking together about what the process of an auction can provide for them: they set the sale date, terms are as-is/where-is - they really like the aspect that the buyer does all the due diligence in advance of the auction. The alternative of commiting to a contract only to then have the buyer get the inspection, negotiate for repairs and then follow thru on any contingencies like financing and possibly selling another home first - not a favorable process for the seller.
There are many benefits to sellers when selling their real estate by auction. Give me a call or email me if you'd like more information.
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