Today the National Auctioneers Association(NAA) released new numbers about real estate auctions and how real estate is the fasted growing segment of the auction industry.
According to the NAA real estate auctions have grown 46.6% in 5 years. When you think about that number it is overwhelming. The increase is due to several things and among those are better education of the public on the auction method of marketing, the publics more favorable opinion of Auctioneers as compared to real estate brokers (we are both) and the international influence that make auctions less mysterious to the public in those countries.
What's even more exciting is the fact that over 50% of the audience at an auction are now owner occupants. This means that fair market value has never been better represented in an auction, because the owner/occupant buyer will not let investors buy property below FMV or what the buying public who want to live in your house are willing to pay.
So ask yourself these 2 questions:
1. Do you have to sell your house today or can you hang on for 12-18 more months?
If you answered yes I must sell it now then your halfway to knowing whether you should or shouldn't auction your home. By the way the 12-18 months is the average time a home is on the market before it sells depending on the price point of your home.
2. How confident are you that you can accept what the buying public is willing to pay as Fair Market Value for your home?
Confident:
Then call and let's get going before you loose any more value in today's market!
Not so Confident:
Then call and let my team give you valuable insight as to whether an auction would work, after all IT'S FREE!
Thanks for reading!!!
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