Is a Real Estate Auction Right For You?

Answer These Questions to Find Out

  • Do you need Immediate Cash?
    • The greatest benefit of any auction is how quickly assets can be liquidated. Real Estate auctions are typically market for 30 days prior to the auction and closing within 30 days after the auction.
  • Is your property unique and hard to appraise?
    • Determining a listing price for a unique property is very difficult. With very few comparable sales to establish market value, many of these properties are overpriced and risk getting stale on the open market. True market value can be identified with an auction.
  • Is there enough buyer/market interest to encourage competition?
    • Some types of property are in high demand and will bring several interested buyers. An auction setting is the perfect venue to maximize results and get top dollar.
  • Do you need to liquidate an estate or split assets among heirs?
    • Inheriting real estate is an exciting, but painful process. The auction process allows heirs to liquidate the assets of an estate to be divided in a quick and efficient manner.
  • Are you retiring, dissolving a partnership, or getting a divorce?
    • Equity within real estate is not available until it is liquidated and turned into cash. The auction method ensures the property is sold for the most amount of money in the shortest period of time so you can quickly divide assets.
  • Is your property vacant with high carrying costs?
    • Many properties have absentee ownership that incurs high management, maintenance, and operating fees. An auction allows the seller to liquidate their property so they can reallocate their investment as they please.

If you answered yes to any of these questions your property may be a candidate for auction. Call Chris Bober at 402.312.5076 today for more information.

Contact Chris About Auctions

Chris Bober is a Certified Auctioneer

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