Today's real estate market is flooded and I mean flooded with desperate sellers.  I keep abreast of the real estate auction crowdmarket on a daily basis, after all that is how I make a living and if you are serious, and I mean serious about selling a home today you have to know one thing.  Price! 

I read blogs, news, industry websites, newspapers, watch industry videos on YouTube and I have constantly seen the same thing for the last 12 months.  There is one side saying things are bad and getting worse and then there is the other side saying "don't read the newspaper or listen to the news it's a great time to buy a home" 

Both are a little bit right but I know it's a confusing message to the consumer.  My concern today is what it means to a seller and not a buyer.  I'll say this about the buyer and move on.  It is a good time to buy a home.  I'm not saying it's the best time, but it's a good time.  Mortgages are hard to get and you'll be forced to buy within your means, you'll need a larger down payment than in recent years and you'll have lots to choose from.  You will however have to wade through lots of overpriced homes.  Its just a fact of today, there are folks trying to sell homes, they have mortgages on them and they have to pay off the mortgage to sell it, its that simple, they have to ask that price because they do not have the means to make up the difference.

If you are a seller price is what its all about today and there is a great chance that if you purchased your home in the last 1-7 years your home is worth less today than you paid for it.  To sell a home today you have to be very realistic.  I mean extremely realistic.  If you have a mortgage and you have to have X amount of dollars to sell and its above market value then look at your options to keep the home until things improve.  If there is no immediate need to sell them then keep it.  If for some reason you have to sell it, lets say your job has relocated you then you'll have to do some soul searching on what you plan to ask for your home, if in fact you want to sell it.  If you are facing foreclosure then time is of the essence, do not wait, call a real estate auctioneer today.  There are options and they will know how to help you.

"Lets list it and start out high and see what happens."  If I had a dime for every time I had heard that.  In real life its one of the silliest things you can do if you are listing a home.  You are wasting your greatest opportunity to sell the home right there in the first 30 days when it comes up for sale.  Its the time most people will see it, say its overpriced and move right past it.  You have to ask your self "do you want to put the home up for sale, or do you want to sell your home"

If you are realistic about your price and motivated to sell your home let me give you a great option to "lets start off listing it high and see what happens"   I know and you know the reason you want to start high and see what happens if because you want the most money available for your home.  You don't want to leave money on the table.  Make sense to me, I wouldn't want to leave money on the table either.   An auction does exactly that for you, it doesn't leave any money on the table. 

Selling your home at auction exposes your home to the public, it brings every interested person to the sale and they compete against each other.  Your auctioneer will see to it that he reaches the highest bid, and you don't leave money on the table.  Now isn't that a better option than wasting the best opportunity to sell the home?  Look today and see just how many homes are on the market, can you think of a better way to get your home to stick out in the crowd than to use a different sales method than everybody else is using?

If you are serious about selling your home and you are realistic about the value of your home then call a real estate auctioneer or visit our Iowa Real Estate Auction website.  I also work with and with Realtors, after all they would never think twice about splitting commission with another agent, why not an auctioneer?  In the end the home is sold and thats what we are all after right?

 

 
Post is included in group: Selling at Auction
Post is included in group: Iowa Real Estate

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Jason Smith Farmland and Hunting Property Auctions

Pittsfield, IL

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Whitetail Properties Land Auctions

Address: 108 N. Monroe Street, Pittsfield, IL, 62363

Office Phone: (800) 971-7042

Cell Phone: (712) 592-8965

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Midwestern Farm Auctions in Illinois, Iowa, Missouri and Kansas. Whitetail Properties offers a premier worldwide advertising for your land including our popular TV show Whitetail Properties TV.


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