Auctions – the new normal

Posted: September 17th, 2012 by Brad

It’s projected by 2016 one in three U.S. homes will be sold at auction. Not to worry, this isn’t because we’re expecting the bottom to fall out of the market again; quite the contrary. When most people think of homes being auctioned, they tend to think of foreclosures. Distressed homes are just one kind of auction. Dozens of non-distressed homes are regularly sold at auction already.

Juxtaposed to foreclosure auctions, the business of luxury home auctions is entirely different. Only luxury sellers in a strong equity position can be eligible candidates for this brand of sale. Luxury as it is defined the realm of non-distressed auctions means the low end value of the home cannot be worth less than $1.3 million.

These types of unique sales give a couple substantial advantages for sellers. Foremost luxury auctions generally offer a quick way to execute a sale. It’s common for high-end homes to sit on the market for literally months on end. Luxury auction sales can also help a seller achieve top dollar value for their home.

Well ahead of the sale date, a global, niche audience of prospective buyers is cultivated. These prospects are carefully screened and provided a very special tour of the home. Then all parties are brought together for an exclusive, limited engagement where the home is offered to the highest bidder. The whole process takes on average four to six weeks.

If you’re curious to learn more about home auction sales, drop us a line sometime: info@justrealseattle.com or call (866) 766.7325

Leave a Reply

justrealseattle metropolitan Seattle Real Estate
FirstLast
Helps us to help you by knowing your neighborhood.
image description
Receive a
complimentary
Just Real Seattle

Home Packet.
Selling PacketBuying Packet
Yes, I'd like to receive your newsletter.

We strongly disapprove of spam. Please know that your
email address and information will be used with the utmost respect.

Close
justrealseattle top five deals
FirstLast
image description
Receive a
complimentary
Just Real Seattle

Interested in knowing what the last five top
residential real estate deals were in a specific neighborhood? Just specify your neighborhod of choice and we'll send you a complimentary report.

Yes, I'd like to recieve your newsletter.

We strongly dissaprove of spam. Please know that your
email address and information will be used with the utmost respect.

Close
justrealseattle metropolitan real estate stats
FirstLast
Helps us to know your neighborhood.
image description
Receive a
complimentary
Just Real Seattle
Real Estate
Stats Report.

We pride ourselves on being your "local economists." Providing you with current inventory and pricing data to help you make an educated and informed decision about the selling or purchasing your home.

Yes, I'd like to recieve your newsletter.

We strongly dissaprove of spam. Please know that your
email address and information will be used with the utmost respect.

Close
justrealseattle newsletter

Info you can use... Local Real Estate news,
lending info, home tips, property profiles, neighborhood happenings, local culture and more!

Close