If you are getting ready to sell your home, you have different options on how to go about it. Although private sales may be the more traditional approach, house auctions are continuing to prove that they could be the better route for sellers to take. Holding an auction gets rid of much of the stress associated with the selling process.

As the leading auction company in Virginia and West Virginia, our team at Greenway’s Real Estate & Auction takes the challenge out of selling a home and provides clients with a hassle-free and effective solution. Here, we go over why you should look into selling your home at auction:

• Potential to Earn the Highest Profit: Auctions naturally encourage competition among bidders, and in a competitive housing market, this gives you great potential to drive up the price of your home. It’s not uncommon for selling prices at auctions to exceed the market value of the property. You will also be able to set a reserve price—if the bidding doesn’t meet this minimum, you can choose not to sell. 
• Avoid Time Spent Staging & Negotiating: The properties at house auctions are typically expected to be sold as-is. This means you don’t have to put nearly as much preparation into getting your home ready to sell as you would for a private sale. Although the property should be clean and free of clutter, it doesn’t necessarily have to be staged.
• Quick Turnaround: When you list on the market, there is no way to know when a buyer will show serious interest and make an offer. The process can often take months. In contrast, you will have an exact date for sale when you hold an auction. The entire timeline for an auction sale is likely to be much shorter.

Before listing your home on the market, consider which method of selling is right for you. If you want to learn more about house auctions and how they work, our professional auctioneers at Greenway’s Real Estate & Auction can answer all your questions. Call us at (540) 962-1155, or visit us online for additional information.