Covington, Virginia
128 N Maple Ave.
Covington, VA 24426
(540) 962-1155

4 Benefits of Selling Your Home Through an Auction Company July 2, 2019

Covington, Alleghany
4 Benefits of Selling Your Home Through an Auction Company, Covington, Virginia

One of the challenges of selling a home is the time it takes to close the deal. The local market, potential buyers, and other factors can leave the “for sale” sign in your yard for months or longer. One way to speed up the process is to work with an auction company. Here are several reasons to partner with one on your next home sale.

Why You Should Sell a Home at Auction

1. Know the Sale Date

With an auction company, you know the exact date that your house will be sold. This specific timeline eliminates the risk of unexpected costs from property taxes, mortgage payments, and lawn maintenance while the house sits on the market.

2. Attract Eager Buyers

auction companyUnlike traditional home sales where you hope for potential buyers to show up at open houses, an auction attracts buyers who are ready to purchase right away. Individuals are typically required to have funds on hand to initiate and close the sale to participate, so your home is more likely to be sold to an interested buyer that day.

3. Succeed in a Slow Market

When demand for real estate is low and supply is high, sellers can be at a disadvantage. In a buyer’s market, you may come ahead by working with an auction company since you’re less likely to lose money waiting for the market to rebound.

4. Receive Competitive Bids

Auctions help you receive several bids to consider. In traditional home sales, buyers who are initially interested in the house may decide against it, or a contract might fall through before closing. Partnering with an auction company eliminates these types of scenarios by creating opportunities to get several bids on your home.

 

At Greenway’s Real Estate & Auction Inc. we have provided expert service to West Virginia and Virginia for more than 60 years. Based in Covington, VA, the staff at our auction company will work on your behalf to get your home sold. We also offer an app compatible with all mobile devices to help enhance and streamline the auction process. If you want a faster way to sell your house, call us at (540) 962-1155 in Covington or (800) 420-1155 in White Sulphur Springs, and go online to view upcoming auctions. Let Greenway’s Do It!

Other Announcements, Events and Deals from Greenways Real Estate & Auction Inc
4 FAQ About Buying a Home, Covington, Virginia
Deciding to buy a home is an exciting milestone in any person’s life. It’s also a big financial decision that requires careful planning. The guide below explains some basics of ...read more
New Live In Person  Auction Saturday August 22, 2020, Covington, Virginia
ABSOLUTE AUCTION Real Estate and Personal Property Saturday, August 22, 2020 11:00 AM  3:00 PM 1103 North Alleghany AvenueCovington, VA, 24426United States (map) ...read more
3 Tips for Staging a Home for Auction Photos, Covington, Virginia
Staging helps sellers make their properties more appealing to prospective buyers. Pictures are particularly important when you sell a house through an online auction, since...read more
A Guide to Selling at a Real Estate Auction, Covington, Virginia
When the time comes to sell a home, a real estate auction may not be the first method that comes to mind. However, selling at an auction can help you get a lot more for your pro...read more
How to Set the Right Budget for a Real Estate Auction, Covington, Virginia
Purchasing a property at a real estate auction can prove beneficial if you're able to find a great home at a discounted price. However, you’ll need to take steps to make sure your fi...read more