Selling property during turbulent economic times can be a challenging venture. Trying to differentiate serious buyers from curious onlookers can feel like a fool’s errand. It is very disheartening to continue to list your property but not feel any closer to a resolution. One advantageous way to expedite the process is to put your property up for a real estate auction.
A real estate auction has a myriad of benefits for both the seller and buyer. Sellers benefit from having a bevy of pre-approved and motivated buyers in attendance. The auction approach will promote competition, which could increase the amount your property sells for. It also provides the seller with a sense of relief knowing that their property will finally be sold. The seller will no longer have to worry about showings, listings and futile inquires. It also takes the seller out of the process, allowing you to relax rather than be part of a negotiation process.
For buyers, a real estate auction is beneficial because they can purchase property at its true market price. Buyers determine the price of the property and they have an equal opportunity to win the auction. Furthermore, a real estate auction eradicates the need for a drawn out negotiation process and buyers will know right away when the closing date will be.
Real estate auctions can provide the electric and competitive environment needed to swiftly sell property. Sellers are able find closure, while buyers can set the final price. For buyers and sellers looking for a real estate auction company in New England, there is no better choice than Petrowsky Auctioneers. We have a state of the art facility in North Franklin, CT that is geared to providing an unrivaled level of service and attention to help sellers and on-site bidders. Our innovative system provides live buyers and qualified on-line buyers an opportunity to compete for the purchase of the property. We strive to make buying or selling property in New England as painless as possible. If you would like to learn more, or have any additional inquiries, please don’t hesitate to contact us.