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
Unlike 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!