In the past, public auctions were known for being a way to sell run-down, bank-owned homes or older equipment and household items. However, this is no longer the case. In today’s market, owners often decide an auction is their best option for selling real estate or personal property, rather than a last resort. It’s a beneficial selling method that provides the opportunity to create an atmosphere that is ideal for making a quick and profitable sale.

At Greenways Real Estate & Auction, we have helped numerous clients throughout Virginia and West Virginia hold successful real estate and personal property auctions. Below, we go over some of the top advantages of using an auction to sell your assets:

• Know When Your Property Will Sell: Since auctions are scheduled to be held on a certain day, it’s likely you will know exactly when your property will sell. When it comes to selling real estate, this is especially important because it eliminates the uncertainty of having a home or business on the market for months and months.

• Set Your Own Price: As the seller, you can establish the value of your property and decide the minimum amount you’re willing to take before the auction even starts. This means you’re more inclined to get fair market value for your assets, and you’ll receive cash in a short turnaround time.
• Potential to Earn More Money: Auctions will also give you the chance to earn even more money than you anticipated. This is because competitive bidders frequently drive up the price of a properties during bidding wars, effectively going over their demonstrated values. In contrast, traditional sales are typically set up to establish the price and then bargain down.

Whether you’re interested in selling residential or commercial real estate or your personal property, an auction will yield the most desirable results. Contact our team at Greenways Real Estate & Auction at (540) 962-1155 to learn more about the effective marketing techniques our expert auctioneers implement, and visit us online to see a calendar of upcoming auctions.