If you want to sell a home, you have many options for how to do it. Listing it with a real estate auction house provides some unique benefits that you won’t get with a conventional listing. Here’s an overview of some of these advantages to help you decide whether this is right for your needs and financial future.

Why You Should Sell a Home at a Real Estate Auction

1. Create Instant Competition

An auction is designed to foster competition between buyers. The auctioneers advertise your property beforehand, so people coming to the event will know about your home and its best features.

At the auction, there is an intense bidding war between interested buyers. The energy of the moment, along with the fact that buyers know they’ll miss out if they don’t bid higher, may encourage people to spend more on your property, earning you a better price.

2. Save Time

Putting your home on the market can be a time-consuming process. During that time, you must keep it show-ready, which means more maintenance and cleaning, and it may lose value the longer it sits on the market.

At an auction, you place your home for sale and get exposed to buyers immediately. You’ll avoid the hassle and potential financial losses that come with having the property listed for months.

3. Find Serious Buyers

If you list your home on the internet, you will likely deal with a lot of half-hearted buyers. You may waste your time showing the property to people who are just browsing, or receive offers that are well below your asking price.

The people who come to real estate auctions are serious about buying. They expect to place competitive offers at the event, and the auction house will ensure they are financially equipped to back up their bids.

If you want to sell a home at a real estate auction in Virginia or West Virginia, turn to Greenways Real Estate & Auction. With offices in Covington and White Sulphur Springs, we make the selling process easy and rewarding for you. We have a large network of serious buyers who are ready to make offers, and boast a 88% success rate for our clients. Explore our upcoming auctions online, text LISTING to (540) 698-0883 for our latest listings, or call us at (540) 962-1155 to start selling your home. We also have an app that is available on all mobile devices. Let Greenway’s Do It!