How Can You Sell Your Home Without Breaking a Sweat
Selling Your Home in an Auction
Selling your house is stressful! It’s difficult, time-consuming and can quickly feel hopeless. When there are known ways to sell your house, most of them seem like they take an unknown, often endless amount of time to complete the deal.
There is one way to sell your house with a set date that you know you’ll have your house sold.
An auction!
How Does a House Auction Work?
Selling your home at auction is simple. It allows you to avoid much of the stress that comes with it. A skilled auction team handles all of the steps for you, leaving you to just wait for the auction.
Our team has broken down a real estate auction into five easy steps:
- Find a Reliable Auction Company
- Get an Appraisal
- Agree on a Date
- Wait for the Auction
- See Your House Sold
Once you’ve found an auction company to work with, you’ll have the opportunity to get an appraisal on your house. This allows you to know how much you could get at auction. Then, you’ll be able to set a date for the auction. Your work ends there.
The real estate auction company will handle all of the advertising and provide all the equipment needed at auction. During the auction, you’ll have a chance to meet potential buyers and witness the competitive atmosphere that will drive bids up and give you the best opportunity at a high-priced sale.
How to Prepare Your House for an Auction
To get your house ready for auction, start by understanding the process. You can’t prepare for something you don’t understand. During this stage, you’ll also want to get an appraisal for your home. Find out how much it’s worth so you can get an idea of how much you can sell it for.
Next, you’ll want to make sure all of the proper legal paperwork is in order. This includes:
- Title deeds
- Property disclosures
- Any necessary inspection reports
Once that’s all setup, you’ll be able to present your home in the best light. Focus on decluttering the house and cleaning it up. Leave it looking in its best light. Consider simple repairs like painting and fixing cracked tiles. You also might want to consider how to best stage and the house and if there are any outdoor improvements to enhance curb appeal.
These simple changes could make a difference in selling price.
Once this is complete, you won’t want to forget to make emotional preparations. As you’re selling your house, it can be tough emotionally. It’s okay to be sad when it’s time to stop thinking of the house as your home. Prepare emotionally to part with your home and stay positive where possible.
Frequently Asked Questions About House Auctions
Selling a house at auction involves several steps and considerations, leading to numerous questions from sellers. Here are some frequently asked questions (FAQs) that cover various aspects of the auction process:
What is a Reserve Price?
Answer: A reserve price is the minimum amount you are willing to accept for your property and is based on the valuation and current market conditions. It isn’t required but can provide security in your sale.
What Happens if the Property Doesn’t Sell at Auction?
Answer: If the property doesn't meet the reserve price, it is passed in. You can then negotiate with interested parties post-auction, adjust your expectations, or consider other selling methods.
What are the Costs Involved in Selling at Auction?
Answer: Auction costs vary from auction company to auction company, but at William Kent Inc., we try to make it simple. Real estate auctions allow you to avoid paying commissions and expensive real estate agent fees. Most fees are taken from the buyer, not the seller.
Sell Your Home at Auction Today
Contact our team today to learn more about real estate auctions with William Kent. Get an appraisal and contact us to schedule your auction.
