After several years of diligently saving money, I’m nearly ready to purchase my first home. Because I’ve been thinking about buying a home for so long, I know exactly what I want my house to look like. I desire a place that has three bedrooms and three bathrooms. I also need a quiet space to set up my home office in. I want a massive, walk-in closet in my master bedroom. My master bathroom needs to have double vanities, a tiled, walk-in shower, and a Jacuzzi tub. On this blog, I hope you will discover how to set priorities during your new home search. Enjoy!
When you put your house up for sale on with a real estate agent, you will need to be prepared to wait for the house to sell. You will also need to keep the house clean and presentable at all times for showings to potential buyers, and you will have to deal with purchase agreements that may contain contingencies. This is why you may want to think about choosing a different method to sell your home, and one option you have is to sell it at an auction. Here are four key benefits this option will offer to you.
No Waiting To Find Buyers
One of the top benefits of selling your house at an auction is that it will not really be a process. You will not have to wait for weeks or months to find a buyer for your house, and you will no longer have to worry about people coming in and out of your house for showings each week.
When you use an auction to sell your house, people who are interested will show up on the day of the auction, and one of these potential buyers will most likely make the purchase. This will eliminate the waiting game and so many other issues you can encounter when using the real estate market to sell your house. While it may take some time to prepare for the auction date, it will all be done in one day.
You Will Not Have To Worry About Unqualified Buyers
When a house is for sale on the real estate market, you have very little control with the people that want to view your home. Because of this, there might be a lot of people that look at your house who are not even qualified to buy a home. This can turn out to be a big waste of time and energy, but you can avoid this by choosing to sell through an auction.
Selling a house through an auction will require choosing an auction company to use, and the company you choose will handle almost every step needed for selling a home with this method. One key factor is they will make sure that the auction is limited to qualified buyers only.
Auction companies only make money when the deals go through, and this is why they will take the time to create rules and guidelines for people who want to participate in house auctions. Some auction companies require potential bidders to present a letter of credit from a bank, and others will actually require a monetary deposit from anyone that wants to take part in the auction.
You Can Avoid Contingencies
Not only are qualified buyers the only people allowed to attend and bid at an auction, but most auction companies will also ensure that a sale goes through by eliminating the use of contingencies. When a house is sold at an auction, it typically is sold as-is. This means that the buyer will not be able to back out due to issues with the home or for any other reason. It may also mean that if the buyer's financing suddenly does not go through, the buyer will forfeit his or her deposit for the purchase.
The Price Will Be Right
A lot of people believe that auctions are only used when all other attempts to sell a house fail, and they may think the result of this is low prices for auctioned homes. While this can be true in some cases, it is not true in the majority of sales made through auctions. In fact, most homes sold through auctions are sold for their true market value. Approximately 11% of homes sold through auctions actually sell for a price that is higher than what the homes were originally listed for in the past.
If you want to sell your house quickly and for a good price, you may want to consider selling it at an auction. To learn more about this process, contact a company that specializes in home auctions.