Did you know…
An Auction method of Selling is the oldest method of Selling. When Selling real estate by Auction, the following are some Pro’s and Con’s that should be carefully considered.
Pro’s – Auctions don’t put a limit on the price – They work on open competition – The sense of urgency can work on buyer’s emotions – Auctions are cash sales and can be a quick method of sale – While an acceptable bid may not be accepted on the Auction day, sales can be negotiated afterwards
Con’s – Auctions principally work well for unique properties or when stock levels are low – They tend not to work as well for easily compared properties – They may also restrict genuine buyers who cannot meet the Auction terms and conditions
If you would like to discuss the above, or require an up to date Appraisal of your property, please contact Scaffidi Real Estate at your convenience.