Auction, is it an option?

Maybe or maybe not, how is that for an answer?  It all depends on the individual situation and what time frame you are looking for to close the property out.  Too many sellers feel that selling at auction is a sign of a distressed sale but usually that isnt the case at all.  Auctions are the best indicator of market value at any given time.  Real estate is just like the stock market in that it moves with supply and demand, and although the average days on market is 90-120 days, auctions force the demand on that particular day at a particular time.

In our area what we typically see is auctions used for estate purposes to liquidate the estate into cash so that the heirs can divide and close the estate out.  The cost of an auction may seem to be more expensive than traditionally listing it with a company for sale, but when you factor in the cost to carry a home, pay for utilities, upkeep, property deteriorating, and possible increase in insurance costs, it really isnt that much different.

As an auctioneer I have been involved with numerous sales over the past few decades and with good success.  At Coldwell Banker Barnes, the parent company of Coldwell Banker Snow and Wall, we have our own company.  We were award the Best Auction company in the Tennessean readers choice awards in 2010 and 2011.  We have a full auction staff, 4 auctioneers, our own tent, tables and equipment to carry out a sale.  Give us an opportunity to help you sell your property and let us go to work for you.

I speak on behalf of my fellow auctioneers, we can do just about any kind of sale.  My expertise is in estate and real estate sales, but others have extensive experience in farm, farm equipment, heavy equipment, and liquidations.  Need help, Just Call John!

 

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