Traditional Real Estate Compared to Auctions
Find the best way to buy/sell real estate that best fits your needs! Here are some of the differences between auctions and traditional real estate!
Auctions differ from a traditional method by showing the property to a group of prospective buyers all at once. Traditional sales can have multiple offers from a couple different people.
The main advantage of selling property at an auction is a faster transaction completion process. This is because the buyers must have all the funds on hand the day of the sale or shortly after. Another advantage is that prospective buyer may bid higher than the price you expected.
One con of selling at an auction is that your property may not sell at all. Another con is that the highest bid you get may not be enough or the price you were originally looking for.
Traditional ale is what most people know when thinking of real estate. Sometimes there can be multiple buyers, or none at all. The price can fluctuate a bit. Sometimes the process can take a while as well depending on the buyers as well as the price and finding that down payment.
Looking into what may be best for you when selling or buying is the most important thing and luckily our team can do both! When you are ready to list your property or buy something new contact us for more information!