SELLING REAL ESTATE AT AUCTION VS. LISTING REAL ESTATE FOR SALE
#1 AUCTION: You set the date that it will sell. LISTING: may not sell at all
#2 Auction: potential buyers must bid against each other and the price goes up. with a listing potential buyers offer less
#3 Buyers must put ten % down non refundable day of sale. With listing contracts are usualli contingent on financing AND EARNEST MONEY REFUNDABLE.
#4 Closing day is set by auctioneer and seller knows when he will receive his money.
#5 Bidders are usally preapproved.
#6 You know exactly the advertisement cost up front. With a listing it could last on and on.
#7 You know the exact marketing time. With a listing you never know.
#8 You have many bidders all at the same time. You can then contact the unlucky bidders and sell them something else. If they were bidding, They are in the market to buy.
At Keller Realty and Auction company we will co-op auctions with other real estate companies. You find the lead and well do the work
Keller Realty And Auction 423-623-5263
tbkeller@charter.net
www.kellerrealtyandauction.com
Serving all of Tennessee
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Brian- You commented on GreatWest's Premier Service results and I want to thank you for you commment. I also wanted to respond to this post of yours. You may want to contact http://www.ushomeauction.com/ of REDC. We work with them exclusively in Sacramento and the relationship has worked very well. We manage several of the assets prior to auction and then get paid at the time of sale.
Written by-
Brodie Stephens
Executive Vice President
GreatWest GMAC Real Estate
3604 Fair Oaks Blvd. #120
Sacramento, CA 95864
(916) 481-3400 x166
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